Archive: Market Sectors

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 […]

Singapore Signed Up Under U.S. Secure Freight Initiative

The United States and Singapore have agreed to cooperate on the Secure Freight Initiative, which is a Department of Homeland Security led effort at select foreign ports to scan U.S.-bound cargo for radiological materials, Customs and Border Protection said this week. The Port of Singapore is part of a second group of international ports under […]

SASC Questions Air Force Comptroller Candidate About Plans For Long Range Strike

The Senate Armed Services Committee yesterday considered four Defense Department civilian nominations including a candidate for to be the next Air Force comptroller. Sen. John Thune (R-S.D.) asked John Gibson, the current deputy under secretary of defense for management reform in the Pentagon comptroller’s office, whether he would support a proposed funding spike for Next […]

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 […]

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 […]

NNSA Reveals Plan To Shrink Weapons Complex

By Jeff Beattie The National Nuclear Security Administration (NNSA) unveiled some details yesterday of a proposal to significantly downsize the nation’s nuclear weapons complex, including closing two unspecified "major testing sites" and scaling back its weapons production workforce by at least 20 percent over the next five years. NNSA, the semi-autonomous Energy Department agency that […]

Lockheed Martin Debuts Marine Corps’ F-35B STOVL

Lockheed Martin [LMT] yesterday rolled out the Marine Corps’ F-35B short takeoff/vertical landing variant of the Joint Strike Fighter, a little over a year since the first F-35 took its inaugural flight. The F-35B, designed to replace Marine Corps AV-8Bs and F/A-18s, is one of three variants of the Lightning II. Its first flight is […]

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, […]

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 […]

Air Force Advances Ambitious Synthetic Fuel Initiative With Historic C-17 Flight

By Michael Sirak MCGUIRE AFB, N.J.–On Monday, the 104th anniversary of the Wright Brothers’ first powered flight, the Air Force said it achieved another milestone by flying an aircraft for the first time ever from coast to coast using a synthetic fuel blend that the service intends to certify for use on its entire fleet […]