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Business/Financial
RTX To Pay U.S. Government $200 Million To Resolve Alleged Export Violations
The State Department last Friday said that aerospace and defense contractor RTX [RTX] has agreed to pay $200 million in penalties to resolve self-disclosed unauthorized defense exports, including classified articles, […]
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Homeland Security
Austal Begins Construction Of Fifth Coast Guard Offshore Patrol Cutter
Austal USA last Thursday said it has begun construction of the Coast Guard’s fifth offshore patrol cutter (OPC), the future Coast Guard Cutter Pickering, under a potential $3.3 billion contract […]
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International
South Korea’s Hanwha Wins First U.S. Navy Maintenance Contract
South Korean shipyard operator Hanwha Ocean recently announced it won the first U.S. Navy contract to perform maintenance on a logistics support ship. This award comes a month after Hanwha […]
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Advanced / Transformational Technology
U.S. Central Command Operations Official Outlines Expansive Uses Of Maven Smart System
A shared battlespace awareness solution that was focused initially on helping warfighting commanders find and engage targets is being used in a wide number of operational applications, an official with […]
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International
State Department OKs Potential $224 Million Sale For Netherlands Patriot Launching Stations
The U.S. approved a potential $22 million Foreign Military Sale (FMS) with the Netherlands for two Patriot M903 Launching Stations (LS), upgrades and related equipment. The Defense Security Cooperation Agency […]
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Air Force
Davis-Monthan to Receive 2nd EA-37B by End of Year, ACC Says
Air Combat Command’s (ACC) 55th Electronic Combat Group (ECG) at Davis-Monthan AFB, Ariz., is to receive a second EA-37B by the end of the year for pilot training, ACC said. […]
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Cyber
DHS Awards Booz Allen Potential $1.2 Billion Cybersecurity Contract
Booz Allen Hamilton [BAH] has received a $421 million task order to continue to support the Cybersecurity and Infrastructure Security Agency (CISA) for a program that protects federal agencies from […]
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Army
Saab Wins $494.4 Million Deal To Deliver Army’s New XM919 Shoulder-Launched Munition
The Army has awarded Saab a $494.4 million contract to deliver the service’s new shoulder-launched XM919 Individual Assault Munition (IAM), the Pentagon announced on Tuesday. Sweden’s Saab will provide its […]
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Advanced / Transformational Technology
Metal 3D Printer Provider Velo3D Demonstrates Production Of One-Piece Hypersonic Engine
Velo3D [VLD], a small manufacturer of machines that print metal parts and structures used in a variety of applications, has used its technology to produce a one-piece, low-cost scramjet engine […]
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Business/Financial
Austal To Pay $24 Million Fine To Settle U.S. Accounting Fraud Case
Austal Limited agreed to pay $24 million to settle an investigation by the Justice Department and Securities and Exchange Commission (SEC) into an accounting fraud scheme, the U.S. government said […]
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