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Raytheon Wins $2.3 Billion Army Contract For International Patriot Upgrades And Refresh

Monday, February 12th, 2018

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The U.S. Army awarded Raytheon [RTN] a $2.3 billion contract on Jan. 30 for engineering services to support the Patriot missile defense systems to support software and refresh obsolescence in both U.S. and partner international systems.This hybrid cost-plus-fixed-fee, firm-fixed-price and level-of-effort contract will divide work locations and funding based on individual orders. The total work is expected to be finished by January 2023.Raytheon clarified that these system upgrades will be funded by the 14 countries that use Patriot for integrated air and…

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]