The Pentagon is seeking $211 million from engine maker Pratt and Whitney for cost accounting problems on contracts dating back to 2005, according to a report released June 3.
Northrop Grumman has won a five-year contract valued at up to $9.9 billion from the U.S. Air Force to modernize and support the B-2 stealth bomber, the Pentagon announced June 4.
Six equipment suppliers have been added to BAE Systems’ Type 26 design team as Britain’s naval shipbuilder prepares to put the finishing touches to proposals due to be delivered to the Ministry of Defense this summer to build a new fleet of frigates for the Royal Navy.
Budget pressure and an insatiable demand for ships capable of bulls eyeing ballistic missiles drove the Navy to alter its plan to upgrade Arleigh Burke guided missile destroyers (DDG-51), officials with the Navy surface warfare policy division (OPNAV N96) told USNI News during a May 29 briefing at the Pentagon.
A cap on contractor executive salary reimbursement rates will be expanded to include almost all contractor employees under Defense Department and NASA contracts, according to a final rule published in the Federal Register May 30.
Northrop Grumman has won a five-year, $98 million contract to upgrade the Global Adaptive Planning Collaborative Information Environment.
Lockheed Martin this week will deliver the first of 36 F-16 fighter jets to Iraq, marking what Baghdad’s envoy to the United States called a “new chapter” in his country’s ability to defend its vast borders with Iran and other neighbors.
After being held up for months, the sale of Italian satellite launcher builder Avio Space could get underway in July and form a key element in a predicted consolidation of the European launcher market, officials have said.
The Indian Navy is seeking INR160 billion (US $2.66 billion) over the next 2-3 years from the newly-elected Bharatiya Janata Party government to resume construction of the Project 71 indigenous aircraft carrier.
The country is on the cusp of a $20 billion deal to purchase nearly 130 Dassault Rafale fighter jets that could be signed within three months, according to media reports. At 1,500 aircraft, the fleet would be 30 percent bigger than its Pakistani counterpart.
The Qatar Armed Forces Industry Committee has applied to Turkey’s Competition Board to acquire 49 percent of commercial and military vehicle manufacturer BMC from local finance house ES Mali Yatirim (ES Financial Investment), RK announced on its website June 2.
U.S. House members are worried about the impact of sequestration cuts and the scheduled end of some major weapon buys, warning the dual hit could damage the defense industrial base.
U.K.-based naval design and engineering company BMT Group Ltd has announced 2013 revenues of GBP163.3 million (U.S. $273.6 million) and underlying operating profits of GBP11.3 million in a statement on its financial performance, released June 2.
Four foreign firms have shown interest in a PHP5.976 billion (U.S. $136 million) program to provide two long-range maritime patrol aircraft for the Philippine Air Force.