:

Business/Financial

U.S. Approves Raytheon $1.7 Billion Patriot Upgrade to Saudi

Defense Daily Staff

Thursday, December 1st, 2011

SHARE:

Raytheon [RTN] yesterday said that it has received approvals from Congress and the State Department for its $1.7 billion direct sale to Saudi Arabia to upgrade the Kingdom’s Patriot Air and Missile Defense System to the Configuration-3 version. The approvals clear the way for the sale, which was first announced in June. Saudi Arabia currently operates the Configuration-2 version of Patriot. The Configuration-3 version includes hardware and software upgrades to improve system performance. The upgrades include the Radar Digital Processor,…

Congress

House Authorizers Retain Battleship Funding, But Want Nuclear-Power Report

The House Armed Services Committee’s (HASC) Thursday markup of the FY 2027 defense authorization bill rejected an amendment to cut funding for the new Trump-class battleship (BBG(X)), but did agree […]

Congress

HASC Rejects $150 Billion Topline Cut, Iran Cost Transparency Proposals At NDAA Markup

The House Armed Services Committee (HASC) on Thursday rejected a Democrat-led proposal to cut the $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA) by $150 billion, as the […]

HASC Wants Pentagon List Of Critical F-35 Technical Data Rights And Estimate Of Cost To Buy Them For Repairs

The House Armed Services Committee (HASC) wants the Pentagon to inform the committee of critical technical data rights for the Lockheed Martin [LMT] F-35 fighter and how much it would […]

Space

NRO Nominee: “We Have To Look Differently At Our Requirements”

The National Reconnaissance Office (NRO) has said that it has launched more than 200 proliferated low Earth orbit satellites in the last two years to supplement the costly high-end systems […]