Archive: Business/Financial

Kuwait Seeking PAC-3 Missiles, Upgrades

Kuwait has requested a possible $1.36 billion sale of 80 PAC-3 missiles, PAC-2 missile upgrades to GEM (Guidance Enhanced Missile)-T, and Patriot ground support equipment upgrades as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) reported. Along with the PAC-3 missiles, Kuwait is looking to buy Patriot GEM-T Modification Kits to […]

KMW To Supply Fennek To Germany, Dingo 2 To Czech Republic

The German Ministry of Defence has tapped Krauss-Maffei Wegmann GmbH & Co. KG (KMW) under an approximately $46.4 million deal to supply 10 new Fennek reconnaissance vehicles to the armed forces’ Joint Fire Support Teams (JFST). The 10 new Fennek vehicles, which coordinate indirect fire from the army, the air force and the navy, will […]

Electric Tank Delivered to Korea’s Hyundai Rotem

Leo Motors Inc. (LEOM) announced it has delivered an advanced working prototype electric multipurpose strategic vehicle/tank to Hyundai Rotem, one of the largest companies in the Korean defense industry. The multipurpose strategic electric vehicle was developed by Leo Motors and Hyundai Rotem using key technology and systems which could be required for next generation battle […]

U.S. Forces Need More Persistent ISR, Ability To Move Data Across Battlefield, Official Says

U. S. forces operating in Iraq and Afghanistan need more persistent intelligence, surveillance and reconnaissance (ISR) as well as the ability to move data and images across the battlefield, according to the head of the Marine Corps’ special operations command (MARSOC). Marine Corps special operations forces have a limited persistent ISR capability, but they have […]

Kuwait Seeking PAC-3 Missiles, Upgrades

Kuwait has requested a possible $1.36 billion sale of 80 PAC-3 missiles, PAC-2 missile upgrades to GEM (Guidance Enhanced Missile)-T, and Patriot ground support equipment upgrades as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) reported. Along with the PAC-3 missiles, Kuwait is looking to buy Patriot GEM-T Modification Kits to […]

State Department To Delay Sale of Weapons To Saudi Arabia

The State Department last week told Congress it has postponed a request for the sale of GPS-guided bombs to Saudi Arabia until mid-January. The State Department announced the $20 million arms sales package in July as part of a diplomatic effort in the Middle East. In November, the Defense Department told Congress it intended to […]

MDA To Acquire Alliance Spacesystems To Expand U.S. Presence

By Calvin Biesecker Canada’s MacDonald, Dettwiler and Associates (MDA) yesterday said it has agreed to acquire Alliance Spacesystems, a California-based space company with composite structures expertise and a leading position on robotic space subsystems, in a deal that expands its market channel in the United States for its space business. Terms of the deal, which […]

Bell Helicopter, Army, Sign Cooperative Agreement To Develop CBM Technologies

Bell Helicopter Textron [TXT] and the Army Aviation Applied Technology Directorate (AATD) have signed an agreement to develop and mature state-of-the- art condition based maintenance (CBM) technologies. Bell’s winning proposal for this three-year program includes risk sharing partners Honeywell [HON] and Goodrich Corporation [GR], and a variety of internationally recognized universities, small businesses, and consultants. […]

Navy, Industry, Tackle Unmanned Systems Operation From LCS

By Geoff Fein The Navy and Northrop Grumman [NOC] are working to develop, test and eventually integrate technologies onto both variants of the Littoral Combat Ship (LCS) that will enable mission module crews to operate multiple unmanned systems from a common control station. The Program Executive Officer for Littoral and Mine Warfare (PEO LMW) has […]

Wyle To Acquire RS Information Systems

Wyle said recently it has agreed to acquire RS Information Systems (RSIS), significantly expanding the company’s capabilities and customer base in the federal information technology (IT) sector and also giving it a larger presence in the Washington, D.C., area. Terms of the deal between the two private companies were not disclosed. Wyle, base in California, […]