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Tag Archives: foreign military sales

State Dept Approves $668M General Dynamics Stryker Vehicle Sale to Peru

The State Department has approved Peru’s request to purchase reconditioned General Dynamics (NYSE: GD) Stryker infantry carrier vehicles as well as related support, equipment and training under a potential $668 million foreign military sales agreement with the U.S. government. Peru asked to buy 178 units each of reconditioned Stryker infantry carrier vehicles, M2 Flex …

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State Dept Clears $115M Electronic Warfare Range System Sale to Australia

The State Department has approved a potential $115 million foreign military sale of AEA-18G electronic warfare range system from the U.S. government to Australia in a transaction that includes Leidos (NYSE: LDOS) as the hardware contractor and General Dynamics (NYSE: GD) as the software provider. Australia sought further funds on top of the $79.09 …

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State Dept OKs $156M Sale of F/A-18 Joint Tactical Radio Systems, Support to Finland

The State Department has approved Finland’s request to buy F/A-18 aircraft equipment and related services from the U.S. government under a potential $156 million foreign military sales agreement. Finland asked to procure 90 Multifunctional Information Distribution System Joint Tactical Radio Systems, test and training equipment, spares, and repair parts in support of …

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Fitch Expects 3-5% Increase in Addressable Global Defense Market Over Next 3 Years

Fitch Ratings has said it projects a 3 percent to 5 percent growth in the relevant areas of the global addressable defense market over the next three years with the U.S. budget to constitute 45 percent to 50 percent of the market. Fitch said Monday it estimates the addressable global defense …

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Report: Navy Eyes Super Hornet Purchase to Address Carrier-Based Strike Fighter Shortfall

The U.S. Navy looks to unload its Boeing-built F/A-18 Hornet fighter jets and buy F/A-18E/F Super Hornet aircraft to address a shortage of fighters jets aboard the service branch’s carriers, Reuters reported Saturday. Andrea Shalal writes a Navy official said the plan could be implemented as part of the fiscal year 2018 budget alongside …

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Lockheed to Supply France With C-130J Variant Under $133M Contract Modification

Lockheed Martin (NYSE: LMT) has been awarded a four-year, $133.4 million contract modification by the U.S. Air Force to provide a stretch version of the C-130J Super Hercules airlifter to France. Lockheed’s aeronautics business will build C-130J-30 aircraft for the French military at a company facility in Marietta, Georgia, and is scheduled to finish work …

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India to Acquire $737M in BAE-Made Artillery Guns in US FMS Transaction

India has signed $737 million contract to procure 145 BAE Systems Inc.-developed artillery guns through a foreign military sales transaction with the U.S. government, Defense News reported Wednesday. Vivek Raghuvanshi writes the British defense contractor’s U.S. subsidiary will supply the M777A2 LW155 ultralight howitzers and set up an assembly integration and test …

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UTC Subsidiary to Provide F-35 Propulsion System Services Under $310M Navy Contract

A United Technologies Corp. (NYSE: UTX) subsidiary has secured a $309.8 million contract from the U.S. Navy to provide propulsion system services in support of the F-35 Joint Strike Fighter program. The Defense Department said Wednesday that Pratt & Whitney will supply hardware, training course materials and equipment for the F-35 aircraft of the Navy, Air Force, Marine Corps, …

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Lockheed, Raytheon CEOs Highlight Intl Sales Environment Amid Oil Price Headwinds & Incoming Trump Administration

The chief executives of Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) described to investors Wednesday their expectations of the foreign military sales environment in light of oil price volatility worldwide and President-elect Donald Trump’s campaign suggestion that U.S. allies contribute more financial resources to their own defense. Both CEOs told …

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American Systems Extends IT, Managed Hosting Support for DSCA FMS Platform; Peter Smith Comments

TYSONS CORNER, VA, Nov. 30, 2016 — American Systems will continue to deliver managed hosting and information technology services for the Defense Security Cooperation Agency‘s Security Cooperation Enterprise Solution under a five-year, $36.6 million task order, ExecutiveBiz reported Tuesday. The company said Monday it will provide foreign military sales application hosting, end user …

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