The Biden administration will cancel a $500 million sale of bombs to a US ally – believed to be Saudi Arabia – the CEO of a major defense contractor predicted on Tuesday.
WARSAW, Poland — The Romanian government has approved and sent to the parliament a draft bill that will allow the country to buy Naval Strike Missile coastal defense systems through a foreign military sales (FMS) procedure.
L3Harris Technologies (NYSE:LHX) has been awarded a firm-fixed-price prototype award with a total value of ~$121.63M through the Missile Defense Agency’s authority.Under this award, L3Harris will provide the Missile Defense Agency’s Hypersonic and Ballistic Tracking Space Sensor program with an on-orbit prototype demonstration, culminating with launch and early orbit testing.Work to be performed in Fort Wayne, Indiana, with an estimated completion date of July 14, 2023.
ARLINGTON, Va. – U.S. military researchers are asking industry to develop night-vision devices far smaller and lighter in weight than today’s night-vision goggles, which would be about the same size and weight as a typical pair of eyeglasses.Officials of the U.S. Defense Advanced Research Projects Agency (DARPA) in Arlington, Va., issued a broad agency announcement (HR001121S0013) on Tuesday for the Enhanced Night Vision in eyeglass form factors (ENVision) project.
Lockheed Martin (NYSE:LMT) has been awarded a $903.6M modification to a previously awarded, fixed-price incentive contract.This modification procures long lead materials, parts, components and support necessary to maintain on-time production and delivery of 133 Lot 16 F-35 aircraft for the Navy, Marine Corps, Air Force, non-U.S. Department of Defense participants and Foreign Military Sales customers.
Raytheon Technologies (NYSE:RTX) has been awarded a ~$145.1M modification to previously issued fixed-price-incentive-firm-target, firm-fixed-price contract.The modification exercises an option for the production and delivery of 90 full rate production Lot 17 Block V Tactical Tomahawk (TACTOM) All Up Round Vertical Launch System missiles, including related hardware and services for the Navy.Work to be performed at multiple locations; and is expected to be completed in December 2023.
Raytheon Technologies (NYSE:RTX) has been awarded a ceiling of $611.5M, firm-fixed-price, cost-plus-fixed-fee, cost-reimbursable-no-fee, IDIQ contract for command and control switching systems (‘CCSS’).This contract provides electronic digital telecommunications system developed for military command and control. The CCSS is the key component of the Defense Red Switch Network, enabling secure and non-secure voice and data telecommunications at multiple levels, large scale voice conferencing capabilities and is inter-operable with other secure devices.
The all-cash deal works out to $56 per share for Aerojet Rocketdyne (NYSE:AJRD), or $51 after the payment of a special $5 per share pre-closing dividend. Aerojet Rocketdyne closed at $42.04 on Friday.Lockheed Martin (NYSE:LMT) CEO James Taiclet: “This transaction enhances Lockheed Martin’s support of critical U.S. and allied security missions and retains national leadership in space and hypersonic technology.”The special dividend will go to AJRD owners as of March 10, and be payable on March 24.
L3Harris Technologies (NYSE:LHX) nabbed a five-year, $496M contract to deliver prototype tactical jamming pods designed to extend U.S. Air superiority. The company will deliver eight operational pods to NAVAIR for fleet assessment, and additional test assets for airworthiness and design verification.
Lockheed Martin (LMT +0.5%) will join a project led by Mitsubishi Heavy Industries (OTCPK:MHVYF) to build a new fighter plane that Japan’s air force is expected to deploy in 2035, according to Nikkei.Lockheed will be the junior partner on the project to manufacture about 90 jets.The new F-3 fighter will replace Japan’s F-2, which was jointly developed by MHI and Lockheed more than two decades ago.Lockheed’s Seeking Alpha Quant Rating ranks as the third highest in the aerospace and defense industry.
SAN DIEGO – Officials of the U.S. Naval Information Warfare Systems Command (NAVWAR) in San Diego will conduct virtual Information Warfare Research Project (IWRP) Consortium Virtual Quarterly Industry Day briefings on Wednesday 9 Dec. 2020.
Dec. 1 (UPI) — Raytheon has been awarded a $235.6 million multi-year contract for production and delivery of the Silent Knight Radar for U.S. Special Operations Command, according to the Pentagon.