AeroVironment, Inc. has received $16,472,298 in additional funding to perform on Aug. 10, 2012, from the United States Army under a contract action with a total projected value of $65,889,191. The company announced the initial $15.8 million funding of that contract action on June 1, 2012. The overall contract action includes RQ-11B Raven systems, new…

Lockheed Martin has received a $111 million Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) Performance Based Logistics contract from the U.S. Army. The PBL contract is a firm-fixed price, comprehensive sustainment solution that enables mission readiness, reduces Operations and Support costs and drives reliability and maintainability improvements. The contract consists of a one-year…

Honeywell announced Oct. 8 that its second-generation Spectra ShieldÆ ballistic material is being used to armor Foxhound vehicles, manufactured by General Dynamics Land Systems Force Protection Europe, for the British Armed Forces. The vehicles are currently being shipped for use in Afghanistan. The Spectra Shield materials are more than 50 percent lighter than traditional vehicle…

ATK announced Oct. 17 that the U.S. Air Force awarded the company a $32 million contract to produce 30mm tactical and training ammunition. The ammunition is used by the U.S. Air Force’s A-10 Thunderbolt cannon. “We are pleased that the Air Force has selected us to arm their A-10 crews,” said Bruce DeWitt, Vice President…

Defense contractor Northrop Grumman said Oct. 24 its third-quarter net income fell 12 percent, pulled down by a $66 million drop in net pension income, along with lower revenue. But the company’s profit beat Wall Street predictions and it boosted its full-year profit outlook. The Falls Church, Va.,-based company earned $459 million, or $1.82 per…

The Cessna Aircraft Co. has selected Honeywell to provide the most advanced environmental control systems, industry-leading LASEREF navigation and state-of-the-art communications systems for the new Cessna Citation Latitude and Cessna Citation Longitude aircraft. The new business is expected to be worth up to $800 million over the life of the program. “We’re excited to bring…

AAR has sourced and is modifying two Boeing 737-400 aircraft for Colombia’s Air Force, Fuerza Aerea Colombiana. The program is expected to generate approximately $31 million in the second half of the company’s current fiscal year. The program demonstrates AAR’s wide range of capabilities, which the company combines to create custom-tailored solutions for its commercial…

United Technologies Corp. announced Nov. 15 that its Pratt & Whitney unit will expand manufacturing capabilities at the company’s West Palm Beach, Fla., facility. The formal announcement was made by UTC Chairman & Chief Executive Officer Louis Chenevert and Florida Gov. Rick Scott during a press conference at the West Palm Beach facility, which is…