:

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…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]