:

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…

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 […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]