Archive: Market Sectors

Lockheed Martin's Howard Bromberg holds the new Miniature Hit-to-Kill missile. Photo: Matthew Beinart.

Lockheed Moving Miniature Hit-To-Kill Missile Into Development Phase

PARIS–Lockheed Martin [LMT] is moving its new miniature missile into development following an Army deal, announced Wednesday, to mature the close-range lethality interceptor to meet requirements for the Extended Mission Area Missile program. The two-and-a-half foot, five-pound Miniature Hit-to-Kill (MHTK) interceptor is designed to take down rockets, artillery, mortars and UAVs, and Lockheed officials are […]

Capitol under clouds

House Appropriations Committee OKs FY 2019 Defense Bill

The House Appropriations Committee approved its $674.6 billion fiscal year 2019 defense appropriations bill by a 48-4 vote June 13, sending the measure to the full House for its consideration. The bill, which the committee’s defense subcommittee endorsed June 7, would buy 93 F-35 Joint Strike Fighters, 16 more than the Department of Defense requested, […]

Hill Air Force Base F-35As fly in formation over the Utah Test and Training Range, March 30, 2017. (U.S. Air Force photo/R. Nial Bradshaw)

Raytheon Nabs Next-Gen F-35 DAS Sensor

Lockheed Marin [LMT] chose Raytheon [RTN] to develop and deliver the next generation Distributed Aperture System (DAS) for the F-35 Joint Strike Fighter, replacing the sensor’s incumbent Northrop Grumman [NOC]. Lockheed Martin highlighted this change in provider will reduce cost while adding capabilities. “The supply chain competition for the next generation F-35 Distributed Aperture System […]

SAIC CEO Tony Moraco

SAIC Posts Flat Earnings Despite Higher Sales In First Quarter

Science Applications International Corp. [SAIC] on Tuesday posted mixed results to open its new fiscal year as earnings were level in the first quarter despite higher sales. Net income was $49 million in the quarter, same as a year ago, although earnings per share (EPS) were raised a nickel to $1.13 due to fewer shares […]

The CH-53K King Stallion arrives at Naval Air Station, Patuxent River on June 30, 2017.  Photo courtesy U.S. Navy. (PRNewsfoto/Lockheed Martin)

Senate Suggests Sikorsky CH-53K For Navy Mine Hunting

Lawmakers want the U.S. Navy to consider buying a CH-53K King Stallion variant as a mine-hunting replacement for legacy MH-53E Sea Dragons, according to the U.S. Senate’s version of the 2019 National Defense Authorization Act. Within 90 days of the NDAA’s passage, the Navy is asked to submit a report on the “feasibility and impact […]

Oshkosh's JLTV at the Eurosatory show in Paris. Photo: Matthew Beinart.

Oshkosh Readying For Full-Rate JLTV Production Decision, Expansion To U.K. Market

PARIS–With the expectation that the Pentagon in the beginning of FY ‘19 is likely to certify moving Oshkosh’s [OSK] Joint Light Tactical Vehicle (JLTV) to full-rate production, the company is looking to continue exploring opportunities for the program overseas. Oshkosh officials aim for the decision to move the JLTV for full delivery to the Army […]

United States Capitol

Hill Democrats Blast Trump Move To Halt Military Exercises With South Korea

Several key congressional Democrats criticized President Donald Trump June 12 for announcing an end to joint military exercises with South Korea after his high-profile meeting with North Korean dictator Kim Jong Un in Singapore. Senate Minority Leader Chuck Schumer (D-N.Y.); Sen. Jack Reed (D-R.I.), ranking member of the Senate Armed Services Committee; Sen. Patrick Leahy […]

State OKs India Apache, Weapons Buy Worth Nearly $1 Billion

The U.S. State Department has cleared the way for India to buy nearly $1 million worth of Boeing [BA]  AH-64 Apache attack helicopters and associated weapons, sensors, mission systems and simulators. Under a $930 million direct commercial sales agreement announced June 12, Boeing is approved to sell India six Apaches, according to the Defense Security […]