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Business/Financial

Saab Wins $132 Million Contract For Airborne Early Warning And Control (AEW&C)

Tuesday, May 31st, 2016

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Saab Wins $132 Million Contract For Airborne Early Warning And Control (AEW&C)

The Sweden-based Saab AB received an order within the Airborne Early Warning and Controls (AEW&C) segment worth about $132 million from an undisclosed customer, the company said Monday.The AEW&C system provides access to a detailed situational awareness that can be used for border surveillance, search and rescue operations, and confronting terrorism and organized crime threats.The contract’s effectiveness is subject to fulfillment of certain financial conditions, Saab said.The work is set to occur within two Saab business areas: surveillance as well…

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

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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 […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]