Archive: Business/Financial

Lockheed Martin To Provide AN/TPS-77 Radar To Latvia

Lockheed Martin [LMT] yesterday said it received a contract valued at $44 million from the Latvian National Armed Forces for two long-range AN/TPS-77 transportable air surveillance radar systems and options for long-term technical support. The contract included priced options for up to four additional TPS-77 radars for Estonia and Lithuania. In 2003, Lockheed Martin delivered […]

Senators Press Administration To Ask For C-17 Funding In FY’09

By Jen DiMascio Nineteen Senators last week urged Defense Secretary Robert Gates and Office of Management and Budget Director Jim Nussle to provide enough funding for C-17 Globemasters in the administration’s fiscal year 2009 budget request. "For each of the last two years, the Pentagon has failed to fund C-17 aircraft in the annual budget […]

Pentagon Awards Four Firms $2.6 Billion For 3,126 MRAPs

The Pentagon yesterday awarded more than $2.6 billion to four companies for an additional 3,126 Mine Resistant Ambush Protected (MRAP) vehicles to be manufactured and completed by end of July 2008. International Military and Government LLC (IMG), was the big winner, capturing $1.183 billion firm-fixed-priced delivery order to purchase an additional 1,500 Category I (CAT […]

iRobot Wins $286 Million Army x-Bot Contract

By Ann Roosevelt The Army yesterday said that iRobot [IRBT] was awarded the $286 million indefinite-delivery/indefinite-quantity contract that could call for as many as 3,000 robots, spare parts, training and repair services over the next five years. "We’re pleased twice–we’re pleased to have what some here have described as a [author John] Grisham novel, included, […]

Lockheed Martin In Cooperative Agreement With Biometric Firm Cognitec

Firming up its ability to integrate and offer multi-modal biometric solutions, Lockheed Martin [LMT] yesterday said it has signed a cooperative agreement with the Germany-based facial recognition technology firm Cognitec Systems. "This cooperation agreement will improve our ability to offer our customers a complete and fully integrated portfolio of biometrics technologies," Bob Eastman, Lockheed Martin’s […]

DHS Announces Grant Guidance To Help States Implement REAL ID

The Department of Homeland Security (DHS) last week issued grant guidance and application kits to help states prepare for the implementation of REAL ID compliant drivers’ licenses beginning May 11. Individual states or states acting in groups will be able to apply for $31.3 million in demonstration grants, which are aimed at checking motor vehicle […]

Japanese Aegis Destroyer Wins Test By Killing Target Missile With SM-3 Interceptor

The Japanese destroyer Kongo yesterday employed its Aegis weapon control system to guide a Standard Missile-3 to destroy a U.S. target missile. It was the first time that an allied nation has used the Aegis/SM-3 ballistic missile defense (BMD) system in a test. Japanese self-defense forces have moved to develop a BMD capability in the […]

General Dynamics Declares Success For FCS Robotic Convoy Experiment

General Dynamics [GD] Robotic Systems yesterday announced the successful completion of Phase I of the Future Combat Systems (FCS) Robotic Convoy Experiment (RCX) at White Sands Missile Range, N.M. "We received positive results from our team at White Sands," Phil Cory, president of General Dynamics Robotic Systems, said. "The current preparations position us for a […]

United Kingdom Requests 170 MRAP Vehicles

The Defense Security Cooperation Agency (DSCA) Dec. 17 notified Congress of a possible $147 million Foreign Military Sale to the United Kingdom of Mine Resistant Ambush Protected (MRAP) vehicles as well as associated equipment and services. The United Kingdom has requested a possible sale of 170 Mine Resistant Ambush Protected (MRAP) Category II vehicles, tools […]

DoD Report Finds Little Reliance On Foreign Sources of Supply

The Pentagon continues to award the overwhelming preponderance of its prime contracts, both in percentage and dollar terms, to domestic contractors, according to the latest report on the subject by the Defense Department’s industrial policy office. In FY ’06 DoD awarded $76.6 billion, or 97.6 percent, in contracts to firms based in the United States, […]