:

Business/Financial

Saab, NonLethal Technologies Sign Long Term Cooperation Agreement

Defense Daily Staff

Tuesday, June 17th, 2014

SHARE:

Saab, NonLethal Technologies Sign Long Term Cooperation Agreement

Saab Bofors Dynamics Switzerland Ltd (SBDS) and U.S.-based NonLethal Technologies Inc. (NLT) Tuesday signed a long-term cooperation agreement where SBDS will market and sell the IronFist™ and Cobra40™ less-lethal weapon systems, including their 38-mm and 40-mm munitions, on an exclusive basis in the European market. “NLT and SBDS will make a world-class team given both companies’ prominent positions in their markets with superior products,” said Stephan Kocher, CEO of Saab Bofors Dynamics Switzerland Ltd (SBDS). “The companies share common core…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]