International
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Business/FinancialRaytheon Set To Deliver First of Its Upgraded Lightweight Torpedoes to USN
By Geoff Fein Raytheon [RTN] is preparing to deliver the first of 241 new Mk 54 lightweight torpedoes this month to the U.S. Navy, a company official said. The first […]
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Business/FinancialRaytheon Unwraps Latest Radar Development For Surface Ships
By Geoff Fein Earlier this month, Raytheon [RTN] unveiled its latest naval self-defense radar technology–the AN/SPY-5, phased-array system, which can track more targets compared to dish arrays and simultaneous threat […]
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CongressRepublicans Slam New Missile Defense Plan Democrats Praise
By Emelie Rutherford Congressional Republicans immediately attacked yesterday the Pentagon’s new European missile-defense plan, charging it would leave the United States vulnerable, while Democrats hailed the new sea-and-land-based approach as […]
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InternationalRaytheon, Lockheed Martin Could Benefit From FMS Patriot Sales To Turkey
The Defense Security Cooperation Agency (DSCA) Sept. 9 notified Congress of a possible $7.8 billion Foreign Military Sale (FMS) to Turkey of Patriot missile system equipment, a first. The principal […]
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InternationalU.S. Remains Leading Arms Dealer As Worldwide Transfer Agreements Fall
The United States in 2008 led overwhelmingly in global arms trade agreements, making deals worth $37.8 billion, and while overall agreements dropped to their lowest level since 2005, Italy more […]
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InternationalBAE Systems To Improve Australian Communications
Australia’s Minister for Defence Personnel, Materiel and Science, Greg Combet, recently announced the awarding of an approximately $82 million defense contract that will lead to improved global communications for our […]
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InternationalAustralia Acquires Heron UAV To Enhance ISR
Australia recently announced that the Royal Australian Air Force has acquired Heron Unmanned Aerial Vehicles (UAVs) in close collaboration with Canadian Defence forces. “This high resolution intelligence, surveillance and reconnaissance […]
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Business/FinancialDRS Closes Acquisition of Soneticom
Finmeccanica‘s subsidiary DRS Technologies yesterday said it has completed its acquisition of Florida-based Soneticom, Inc., which provides geolocaton systems, wireless communications and digital signal processing systems and capabilities. Terms of […]
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Business/FinancialChemring Plans To Acquire U.S. Firm Hi-Shear Technology
By Calvin Biesecker Britain’s Chemring Group PLC yesterday said it has greed to acquire Los Angeles-based Hi-Shear Technology Corp. [HSR] for $132 million in cash, a deal which complements its […]
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Homeland Security
Coast Guard Seeks To Avoid HC-144 Production Break
By Calvin Biesecker The Coast Guard this month is scheduled to seek a commitment from the Department of Homeland Security (DHS) for approval to buy up to nine HC-144A Maritime […]