:

AeroVironment To Build Third Aircraft For JCTD

DDN

Tuesday, June 9th, 2009

SHARE:

AeroVironment (AV) (AVAV) recnetly announced cumulative program funding of more than $120 million with the government exercise of an option to build a third Global Observer aircraft for the Joint Capability Technology Demonstration (JCTD) program. Since the program began, there have been six contract options exercised. AV was awarded the initial $57 million contract for a three-year development program in September 2007. "Global Observer is an entirely new solution designed to deliver affordable persistence for intelligence, surveillance, reconnaissance and communications…

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

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

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 […]