The Japanese Ministry of Defense said on Monday it selected Lockheed Martin [LMT] to provide its Long Range Discrimination Radar (LRDR) for the country’s two future Aegis Ashore missile defense sites.The Japanese government disclosed its plans to boost missile defense, including adding two ...
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RIDLEY PARK, Pa. — Flush with a $4 billion multiyear deal for at least 58 V-22 Ospreys, Boeing [BA] is investing $100 million in a brand-new production line to crank out the tiltrotor fuselages beginning next year.Boeing and its 50/50 partner on the V-22 Bell [TXT], on June 29 took home a $4.2 ...
The newest Patriot missile type reached a new distance record during an intercept test on Thursday, missile builder Lockheed Martin [LMT] said in a statement.A Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) intercepted an air-breathing threat (ABT) target during a test at ...
Lockheed Martin [LMT] on Tuesday reported strong second quarter financial results driven by higher sales, lower taxes, a pension benefit and improved operating performance.Net income increased 26 percent to $1.2 billion, $4.05 earnings per share (EPS), from $955 million ($3.28 EPS) a year ago, ...
The Missile Defense Agency (MDA) awarded Raytheon [RTN] a $467 million contract to produce, test, and deliver 44 Standard Missile (SM)-3 Block IB interceptors, the company said on Wednesday.The company explained this award is the fiscal year 2018 portion of an earlier $2.4 billion contract ...
S&T Nomination. President Donald Trump has nominated William Bryan to be the Under Secretary for Science and Technology at the Department of Homeland Security. Bryan has been the acting chief at S&T since May 2017 and joined the department after leading the energy practice at the business ...
Bell [TXT] Boeing [BA] will begin V-22 work for the U.S. Navy in a contract awarded last week worth $4.2 billion.The new CMV-22B variant will serve as the Navy's future carrier onboard delivery aircraft.The contract is a modification to a prior acquisition contract and provides for the ...
Hardware Fund. Pentagon technology chief Michael Griffin says he backs a congressional proposal to provide $150 million to encourage private-sector investment in hardware technologies that might be useful to the Defense Department. The proposal is included in the Senate-passed version of the fiscal ...
Australia said on Friday it selected Britain’s BAE Systems to build its nine next-generation anti-submarine frigates in its SEA 5000 program, a program worth up to $26 billion to design, build, and support the ships.BAE offered a variant of the Type 26 Global Combat Ship, the Global Combat ...
The State Department has approved a $860.4 million deal with Spain for five AEGIS weapons combat system for its ship fleet.The Defense Security Cooperation Agency (DSCA) notified Congress of the foreign military sales (FMS) on June 26.Spain has also requested six shipsets for Digital Signal ...