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Report: US to Release Egypt Military Aid

Secretary of State Hillary Clinton will announce Friday that the U.S. will restart providing military aid to Egypt, Bloomberg reports. The U.S. gives both Egypt and Israel military aid under cash-flow financing, where countries buy goods and services one year and pay for them in future years. The Government Accountability Office said in a 2006 report... 

DynCorp Wins $100M Air Force Personnel Services Contract

DynCorp International LLC has won a $99,879,424 U.S. Air Force contract to support a personnel services program, the Defense Department announced Thursday. The Falls Church, Va.-based contractor will support department personnel, contractors and dependents stationed in Egypt on either a temporary or permanent basis. Those personnel support foreign military... 

General Dynamics Wins $395M for Abrams Tanks

General Dynamics’ (NYSE: GD) land systems business unit has been awarded a $395 million contract from the U.S. TACOM Lifecycle Management Command. The firm will work under the Egyptian tank co-production program. The contract will fund the production of 125 M1A1 Abrams tank kits for the eleventh increment of the Egyptian co-production program. This... 

SAIC Wins $46M Army Contract to Build Egyptian Combat Training Center in Cairo

SAIC (NYSE: SAI) has won a three-year $46 million prime U.S. Army contract to build a combat training center in Cairo for the training arm of Egypt’s ministry of defense. SAIC will design and build a fixed and mobile armed forces training center  that is interoperable with two previous training centers itInformation Technology built under direct... 

General Dynamics Added to $1.33B Defense Contract

General Dynamics (NYSE: GD) has been added to a $1.33 billion Defense Department contract that will supply Egypt with 125 armed Abram battle tanks. Thirty-five contractors will manage the production and fielding program in Egypt for up to three years. Honeywell International Inc. (NYSE: HON), which makes the tank engines, and Allison Transmission... 

Raytheon to Provide Egypt with Test Station Kits

The U.S. Army has awarded Raytheon Company (NYSE: RTN), Andover, Mass., a $9,142,717 firm-fixed-price contract. The company will provide an A45 Mark 1 / A22 test station upgrade modificationTypes: Administrative Change : A unilateral contract change that does not affect the contractual rights of the parties. Change order: A written order, signed... 

Intel Acquires Egyptian Firm

Intel has acquired “most of the assets of” Cairo-based SySDSoft, and hired about 100 of the firm’s electrical engineers and computer scientists. According to Cisco, SySDSoft designs IP solutions in the software stack and physical layer domain and RF/analog circuits embedded in mobile platforms. “The acquisition... 
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