In the news...

June 4, 2014

Headlines June 2, 2014

Business:

Pentagon seeks $211 million repayment from Pratt for accounting issue -

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 wins $9.9 billion contract for B-2 bomber sustainment -

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.  

BAE adds suppliers to Type 26 team -

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.  

Navy altered destroyer upgrades due to budget pressure, demand for ships -

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.  

Cap on contractor exec salary expanded to all DOD, NASA contractor employees -

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 wins COCOM contract -

Northrop Grumman has won a five-year, $98 million contract to upgrade the Global Adaptive Planning Collaborative Information Environment.  

Lockheed to deliver first of 36 F-16s to Iraq this week -

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.  

Avio Space could be sold this summer -

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.  

Indian Navy asks BJP to fund next phase of indigenous carrier build -

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. 

India’s Air Force modernization worries rival Pakistan -

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.   

Qatar to buy stake in BMC -

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.  

Lawmakers: Sequestration, end of arms buys could weaken U.S. industrial base -

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.  

BMT reveals 5 percent growth in 2013 -

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.  

Philippine MPA RfP piques interest of four firms -

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.




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Headlines April 17, 2015

News: Army extends benefits to Hood shooting victims - The Army will provide “all possible benefits” to victims of the 2009 Fort Hood shooting who recently were awarded the Purple Heart, the service announced April 16.   Business: Rolls-Royce lands biggest deal in its 109-year history - U.K. engineering company Rolls-Royce has won the largest order in...
 
 

News Briefs April 17, 2015

Army orders financial benefits for 2009 Fort Hood victims Dozens of soldiers and surviving family members of the 2009 Fort Hood, Texas, shooting are receiving additional Army pay that they felt was long overdue. The announcement from Army Sec. John McHugh April 16 comes a week after 36 Purple Hearts were awarded to victims and...
 
 
NASA illustration

NASA awards radiation challenge winners, launches next round

NASA illustration This illustration depicts our heliosphere, showing the approximate locations of Voyager 1 and Voyager 2 spacecraft. Galactic cosmic rays originate outside the heliosphere and stream in uniformly from all direc...
 

 

U.S. Air Force completes operational testing on Raytheon’s MALD-J

Raytheon and the U.S. Air Force successfully completed operational tests of Miniature Air Launched Decoy-Jammer, satisfying all requirements to attain Initial Operational Capability. “MALD-J’s unique capabilities have been proven in 42 successful flight tests during the last two years and brought us closer to full rate production,” said Mike Jarrett, vice president of Raytheon...
 
 

Northrop Grumman to expand North Dakota presence

In partnership with local leadership, Northrop Grumman confirmed its dedication to the future of unmanned systems development in the Red River Valley region by signing a lease agreement to anchor the new Grand Sky Technology Park in Grand Forks County. Northrop Grumman is working to identify specialized opportunities for the Grand Sky facility. The opportunities,...
 
 

Raytheon awarded more than $2 billion for an International Patriot system

Raytheon announced April 17 it has been awarded a contract worth over $2.0 billion to deliver the combat-proven Patriot Air and Missile Defense System to an undisclosed international customer. The contract, awarded April 2, 2015, and booked in the second quarter as a direct commercial sale, includes fully digitized new-production Patriot fire units with the...
 




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