Archive: Business/Financial

Boeing Gets New $64 Million SBInet Task Order

The Department of Homeland Security (DHS) said on Friday that it is awarding Boeing [BA] a $64 million task order to design, develp and test an upgraded situational awareness software system that will be used by Border Patrol command centers and agent vehicles as part of the Secure Border Initiative (SBInet) virtual fence the company […]

Weld Issue Restricts

By Geoff Fein The Navy, General Dynamics [GD] and Northrop Grumman [NOC] are inspecting welds on all Virginia-class submarines after discovering a weakness in the process associated with non-nuclear piping welds, the Navy said Friday. "The Navy, Northrop Grumman Newport News, and General Dynamics Electric Boat are conducting a detailed assessment of completed welds through […]

UAE Buying PAC-3 Missiles, E-2C Upgrades

The United Arab Emirates is looking to spend upward of $9 billion to buy 288 Patriot Advanced Capability-3 (PAC-3) missiles as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) reported. In addition to the PAC-3 missile sales, the UAE is seeking 216 Guidance Enhanced Missiles-T (GEM-T), nine Patriot Fire Units that […]

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 […]

Schwartz: Expanded Global Infrastructure Needed For North-To-South Transport

By Michael Sirak and Jen DiMascio The U.S. military’s global transport network needs to grow from it’s current east-west orientation to a more robust en-route infrastructure that can move personnel and material more readily north to south as well, including into regions of growing interest such as Africa, the general overseeing this network said yesterday. […]

General Dynamics UK Ltd. Collaborates With UWE To Develop Facial Recognition System

General Dynamics [GD] United Kingdom Limited subsidiary yesterday announced it is collaborating with the University of the West of England (UWE), the Imperial College London, the Home Office Scientific Development Branch, Identity Solutions Ltd., and the International Association for Biometrics, to advance facial recognition techniques. The team is researching 3-D imaging techniques as part of […]

Boeing, Northrop Grumman Vie For Multibillion Dollar KC-10 Logistics Contract

Boeing [BA] and Northrop Grumman [NOC] yesterday announced their interest in winning the Air Force’s multibillion contest to provide contractor logistics support (CLS) to the service’s KC-10 tanker aircraft as well as two Royal Netherlands Air Force KDC-10 aircraft over approximately the next decade. Boeing, the current CLS provider for the Air Force’s 59-aircraft KC-10 […]

U.K. MoD Orders More Lockheed Martin Desert Hawk UAS

The United Kingdom’s Ministry of Defence awarded Lockheed Martin [LMT] a $4.8 million contract to procure additional Desert Hawk III Unmanned Aircraft Systems (UAS), the company said Nov. 28. With a $6.3 million award in April, the contracts are directed at increasing the capability of the British Army. The Desert Hawk III UAS consists of […]