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Defense Daily

Air Force Officially Awards Boeing $3.9 Billion For New Air Force One

The Air Force awarded Boeing [BA] a $3.9 billion contract on Tuesday to launch the engineering and manufacturing development (EMD) phase of the Presidential Aircraft Recapitalization (PAR) that will replace the current fleet of Air Force One presidential jets.In the contract announcement, the Air Force said $64 million is being obligated at award time, while…

Official: Army Using Investments Boost To Drive New Requirements Approach, Fix Lagging Modernization

The Army plans to use its growing investment budget over the next two years to drive a new technology-informed approach to requirements and address modernization that’s left the service lagging behind near-peer competitors’ in future capabilities, a senior acquisition official said Wednesday.Lt. Gen. Paul Ostrowski, director of the Army Acquisition Corps, said the Army will…

White House Gives Support To Senate Counter Drone Bill

The White House late Tuesday issued a statement of support for a bill circulating in the Senate that would give the Departments of Justice and Homeland Security limited authorities to detect, track and mitigate potential threats from small drones, they kind that typically can be purchased commercially by anyone.The statement from the White House press…

Raytheon Nabs $467 Million MDA Contract For 33 More SM-3 IBs

The Missile Defense Agency (MDA) awarded Raytheon [RTN] a $467 million contract to produce, test, and deliver 44 Standard Missile (SM)-3 Block IB interceptors, the company said on Wednesday.The company explained this award is the fiscal year 2018 portion of an earlier $2.4 billion contract announcement in 2015 for planned FY '15 through FY '18…

Sierra Nevada, Israel Aerospace Industries Developing New UAS For U.S. Market

Sierra Nevada Corp. announced Tuesday it has signed an agreement with Israel Aerospace Industries (IAI) to develop a new tactical Vertical Takeoff and Landing (VTOL) unmanned aircraft system (UAS) for the U.S. market.Under the strategic cooperation agreement, SNC is responsible for system integration on the IAI-built VTOL UAS, which would be developed to assist forward-positioned…