Archive: Business/Financial

Contracts

New Spy Satellite System Planned, To Cost Billions: Report The Department of Defense (DOD) is expected to procure spy satellites that likely will be based on commercial-sat architecture, in a program costing $2 billion to $4 billion, the Associated Press reported. Called BASIC, the new system likely would be based on an existing commercial satellite […]

Encouraging Signs Set Performance Bar High For Lame Duck Acquisition Chief

By Jen DiMascio In about 14 months when a new president takes office, John Young, the newly confirmed under secretary of defense for acquisition, technology and logistics will in all likelihood be looking for another job. In the time he has left, Young is still looking to make changes to an acquisition system riddled with […]

iRobot’s New Multimission Warrior

By Ann Roosevelt iRobot [IRBT] is developing a new multimission modular robot called Warrior that can pull more of its weight in the soldier’s world and is expected to be ready in 2008. Helen Greiner, iRobot co-founder and chairman of the board, said Warrior can relieve soldiers of much of their burden–such as packs–because they […]

Launches

Trident Missile Scores 120th Launch From Submerged Submarine: Lockheed A Trident missile was launched from a submarine, marking the 120 test launch since 1989, according to Lockheed Martin Corp. [LMT]. The unarmed Trident II D5 Fleet Ballistic Missile (FBM) built by Lockheed was launched from the submerged submarine Henry M Jackson (SSBN 730) in the […]

Raytheon Launches Initiative To Capture International ISR Business Opportunities

By Michael Sirak Raytheon [RTN] has launched an initiative called Global Intelligence, Surveillance and Reconnaissance (GO ISR) to leverage the company’s expertise and provide tailored information-gathering systems and integrated sensor-platform solutions in the near term to customers in the emerging, multibillion-dollar international ISR market, according to a senior company official. "We have been doing a […]

Clinton Backs Eventual Human Space Exploration Of Solar System, And Supports New Spaceship

Huckabee Uncertain On Mars, But Urges Space Program Growth Tancredo Opposes Exploration, Mars Mission On Budget Deficit Grounds Most presidential candidates have voiced no support for, or have outright opposed, President Bush’s vision of manned missions to the moon, Mars and beyond. The one exception is Sen. Hillary Clinton (D-N.Y.), a member of the Senate […]

Defense Watch

The Latest Word On Trends And Developments In Aerospace And Defense Movement Possible. A House leadership aide confirmed the House is likely to appoint conferees this week for the defense authorization bill. Conferees from the House and Senate are expected to meet shortly after to sign off on the defense authorization bill. Most of the […]

DARPA Exploring Development of 50-Caliber Smart Bullet

The Defense Advanced Research Projects Agency (DARPA) plans to host an industry day on an exploratory development program aimed at developing a highly accurate 50-caliber bullet at long distances against moving targets. DARPA says the EXACTO program has two components. The first is to develop a guidance system that provides information to direct the projectile […]

Lockheed Martin Demonstrates Short-Range Capability For SPY-1 Radar

By Geoff Fein Lockheed Martin [LMT] successfully demonstrated a new Extreme Short Range (ESR) mode for its family of SPY-1 naval radars that will extend the coverage radius to support helicopter approach control, enhances small surface target detection and performance in the littorals, a company official said. Lockheed Martin had been considering the idea of […]

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 […]