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Tag Archives: Missile Defense

US Begins Rollout of Lockheed-Built Missile Defense System in South Korea

TYSONS CORNER, VA, March 8, 2017 — The U.S. and South Korea have begun the deployment of the Lockheed Martin-manufactured (NYSE: LMT) Terminal High-Altitude Area Defense system in the Korean Peninsula to address potential missile threats from North Korea, Executive Gov reported Tuesday. Reuters reported Tuesday the THAAD system will work to intercept …

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Defense News: NATO Eyes $3B IT, Command & Control Contract Spending Over 2 Years

NATO plans to spend $3.2 billion on contracts in support of requirements such as cybersecurity, information technology and command-and-control systems over the next two and a half years, Defense News reported Friday. Peter Scaruppe, acquisition director for NATO’s Communications and Information Agency, told the publication in an interview that the agency …

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Lockheed-MBDA JV Submits Bid for Poland’s Missile Defense Procurement Program

TYSONS CORNER, VA, Feb. 2, 2017 — A joint venture of Lockheed Martin (NYSE: LMT) and MBDA has submitted a bid in response to Poland’s solicitation for an air and missile defense system under the country’s Wisla program, ExecutiveBiz reported Wednesday. Defense News reported Tuesday that MEADS International‘s proposal offers the Patriot Advanced Capability-3 Missile Segment …

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Raytheon Secures $600M Intl Patriot Missile Defense System Upgrade Contract

Raytheon (NYSE: RTN) has received a contract worth approximately $600 million to update the Patriot integrated air and missile defense system of an unidentified country. The company said Thursday the direct commercial sales contract covers Configuration 3+ Post Deployment Build 8 software and hardware suite. Altogether, the 13 countries that own and operate Patriot …

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Lockheed Boosts Intl Sales Goal to 30% on F-35, Missile Defense Prospects

Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions …

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Poland to Acquire Raytheon’s Patriot Integrated Air & Missile Defense System

Poland has issued a formal request to the U.S. government to acquire Raytheon‘s (NYSE: RTN) Patriot integrated air and missile defense system for an undisclosed amount. Raytheon said Tuesday it will collaborate with Poland’s government and industry to help complete offset and industrial participation plans as part of the foreign military sales process. “Poland’s formal request …

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Johns Hopkins APL Names New Sector Head for Air & Missile Defense

TYSONS CORNER, VA, Aug. 31, 2016 — Johns Hopkins University Applied Physics Laboratory has appointed Mike White, former mission area executive for air and missile defense at the lab, to lead its air and missile defense sector, GovCon Executive reported Tuesday. Johns Hopkins APL said Monday White will oversee work on air …

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Raytheon, Navy Test SeaRAM Anti-Ship Missile Defense Aboard USS Carney

TYSONS CORNER, VA, Aug. 18, 2016 — Raytheon (NYSE: RTN) and the U.S. Navy have completed the first live fire test on the SeaRAM anti-ship defense system aboard the USS Carney guided-missile destroyer, ExecutiveBiz reported Wednesday. The company said Wednesday the test held in Spain used a RAM Block II missile to intercept a BQM-74E target, which …

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Boeing, Raytheon, Other US Companies to Gain From US-Israel Missile Defense Funding Agreement

TYSONS CORNER, VA, Aug. 15, 2016 — Boeing (NYSE: BA) and Raytheon (NYSE: RTN) could receive approximately $100 million each in U.S. missile defense funds for Israel through their respective work on the Arrow-2 and Arrow-3 programs with Israel Aerospace Industries and Iron Dome and David’s Sling programs with Rafael, ExecutiveBiz reported …

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Raytheon Missile Defense Support Modification Increases Contract Value to $1B

Raytheon (NYSE: RTN) has received a $132.4 million modification from the Missile Defense Agency that raises the ceiling value of a previously awarded contract for Ballistic Missile Defense System support services to approximately $1.1 billion. The Defense Department said Tuesday that Raytheon’s integrated defense systems unit will continue to perform software maintenance, modeling and simulation, …

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