Archive: Market Sectors

Airbus Helicopters EC-145

U.S. Army Pursues UH-72A Procurement After Lawsuit Derailment

The U.S. Army is moving forward with a plan to buy more UH-72 Lakotas after a lawsuit blocked a previous effort to add more than a dozen of the Airbus utility aircraft to its training fleet.  A sources-sought notice released Jan. 4 outlined the Army’s interest in procuring up to 35 “new FAA certified EC-145 aircraft to […]

iStock Cyber Lock

DHS, Commerce Release Draft Cyber Security Report For Trump

The Departments of Commerce and Homeland Security on Jan. 5 released a draft of a report directed by President Donald Trump that outlines the challenges and opportunities in securing the Internet from cyber attacks. The report, which is due to be finalized by May 11, highlights six themes related to the threats and security of […]

Harpoon missile

State Department Approves $98.4 Million Missile And Torpedo Deal With Mexico

The State Department has approved a possible $98.4 million deal with Mexico for six RGM-84L Harpoon Block II surface launched missiles, 23 Block II Rolling Airframe Missile (RAM) tactical missiles and six MK 54 Mod 0 lightweight torpedoes. The Defense Security Cooperation Agency (DSCA) notified Congress on Friday of the foreign military sale (FMS). “Mexico […]

An F-16V. (Lockheed Martin photo)

State Department Approves $62 Million Deal With Oman For F-16 Command and Control Software Upgrades

The State Department has approved a possible $62 million deal with Oman to support operational flight profile software upgrades for its F-16 fleet. The Defense Security Cooperation Agency (DSCA) notified Congress on Friday of the foreign military sale (FMS), which also includes Identification Friend or Foe (IFF) command and control systems updates and Mode 5 […]

Boeing's P-8. Photo: Boeing

India Awards Boeing $251 Million Contract For P-8 Poseidon Training

The Indian Ministry of Defence (MoD) approved a $251 million contract to Boeing Global Services [BA] to procure the P-8I Training Solution, including a 10-year comprehensive maintenance service, the government said Thursday. The P-8I is India’s variant of the Boeing P-8A Poseidon, which the U.S. Navy uses as a long-range maritime patrol and reconnaissance missions […]

AF Seal_500

Air Force Mulling How To Meet Hill Mandate To Kill New Space Directorate

The U.S. Air Force is evaluating how to implement a congressional requirement that it disband its new space operations directorate, service Secretary Heather Wilson said Jan. 5. “We will comply with the law but there’s a lot of different ways to do it,” Wilson said at a Washington Space Business Roundtable luncheon. “We still have […]

iStock Cyber Lock

Banking, Retail Associations Seek Legislation To Clarify Data Breach Reporting Standards

Following massive consumer data breaches in 2017, such as the November Equifax [EFX] hack, banking and retail associations are urging Congress to pursue legislation to standardize cyber attack response protocols. In a Thursday letter to House Energy & Commerce Committee Rep. Greg Walden (R-Ore.) and Subcommittee on Digital Commerce and Consumer Protection Chairman Bob Latta (R-Ohio), […]

Drive shaft for Bell's 429 helicopter supplied by EnCore Composites. Photo: Encore Group

AC&A Acquires Aerospace Composites Manufacturer Encore

AC&A, a portfolio company of the private equity firm AE Industrial Partners, has acquired EnCore Composite Structures in a deal that bolsters the company’s composites business. Terms of the deal, which closed on Dec. 21, 2017, were not disclosed. “The acquisition of ECS represents a strategic addition to the unique composites platform that we are […]

U.S. Navy Virginia-class Submarine. Photo: HII

House Sub Backers Push Appropriators For More Virginia-Class Funding

The co-chairs of the Congressional Submarine Caucus and 33 other House members released a letter to the House Appropriations Defense Subcommittee on Wednesday urging the fiscal year (FY) 2018 appropriations bill increase submarine funding to match levels in the 2018 National Defense Authorization Act (NDAA) conference report. Increasing funding for Virginia-class attack submarines (SSNs) in […]