:

Raytheon Restarts SM-2 Production For International Customers

Friday, June 30th, 2017

SHARE:

Raytheon [RTN] is restarting its Standard Missile-2 (SM-2) production line after four international customers pooled $650 million in funds for a bundle purchase in foreign military sales (FMS), the company said on June 21.The Netherlands, Japan, Australia, and South Korea are purchasing over 280 SM-2 Block IIIA and IIIB missiles with deliveries set to start in 2020, the company said.On June 16 the U.S. Naval Sea Systems Command awarded the company a $618 million firm-fixed-price and cost-plus-fixed-fee contract for fiscal year…

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]