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Raytheon Wins $2.4 Billion Contract To Provide Patriots To Qatar

Tuesday, January 6th, 2015

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Raytheon [RTN] received a $2.4 billion Foreign Military Sales (FMS) contract to produce new-production fire units of the Patriot Air and Missile Defense System for Qatar, the company said on Dec. 22.The contract contains the latest fire units, which includes increased computing power, greater radar processing efficiency, an improved man-machine interface, and reduced life-cycle costs.Qatar is a new Patriot customer and is becoming the 13th international Patriot customer. The contract is part of a modernization and recapitalization effort that Qatar…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]