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Defense Daily

Air Force Says It Expects To Receive First Boeing KC-46A Tanker In October

The U.S. Air Force announced June 20 that it has reached an agreement with Boeing [BA] on a revised delivery schedule that calls for the service to start receiving its first 18 KC-46A Pegasus tankers this fall.Under the agreement, which was months in the making, Boeing will hand over the first refueling jet in October and the remaining 17…

CACI Raises Earnings Guidance

Due to better than expected operating performance, CACI International [CACI] on Wednesday revised upward its earnings guidance for its fiscal year 2018 that ends on June 30.The company now expects net income to range between $292 million, $11.54 earnings per share (EPS), and $297 million ($11.74 EPS), up from the prior outlook of between $285…

Elbit Receives Approvals From Israel Government In Deal For IMI Systems

Israel’s Elbit Systems [ESLT] on Tuesday said it has reached agreement with the Israeli government for the tender of state shares related to the company’s pending $495 million acquisition of IMI Systems Ltd., which is also based in Israel.Elbit said completion of the deal is still subject to further government approvals, including by Israel’s antitrust…

Marine Corps ACV Deal With BAE Systems Expected To Total $1.2 Billion, 700 Vehicles

BAE Systems' new deal with the Marine Corps to deliver Amphibious Combat Vehicles (ACV) is expected to be worth $1.2 billion and include a total delivery of 700 vehicles as the service looks to phase out its legacy fleet by 2020. The Marine Corps on Tuesday selected BAE over SAIC [SAIC] to produce its next-generation…

Rheinmetall Wins Canada Frigate Countermeasure Expansion

The Canadian Navy awarded Rheinmetall a $14 million order to expand the multi ammunition softkill system (MASS) on its cruisers, the company said Wednesday.The Canadian Navy’s Halifax-class frigates currently feature the twin-launcher automated MASS decoy system to protect it from anti-ship missiles. The Canadian order will upgrade its frigate MASSs to be a triple launcher…

Saab Competing For Brazilian Corvette Program

Sweden’s Saab and the Netherland’s Damen Schelde Naval Shipbuilding said on Monday they are working together to jointly compete for four Brazilian Navy Tamandaré-class corvettes (CCTs).If the Brazilian Navy chooses the team, Saab would provide the complete combat system, including the company’s 9LV Combat Management System (CMS). Saab said 9LV is an open architecture CMS…

Despite Opposition to New Warhead Funding, Feinstein Signals Support for NNSA Budget Bill

Sen. Dianne Feinstein (D-Calif.), who this week voted against the Senate’s 2019 National Defense Authorization Act because it would authorize the Department of Energy to create a low-yield nuclear warhead, has signaled her support for a 2019 budget bill that actually funds the weapon.However, Feinstein also wants to amend the spending bill to prohibit DoE's…