The State Department has approved a potential $323.3 million foreign military sale of missile systems, manufactured by Raytheon Technologies (NYSE: RTX), and related equipment to the Finnish government. Finland’s FMS request includes 40 AIM 9X Block II tactical missiles, 48 AGM-154 Joint Stand Off Weapon systems and a number of tactical guidan...
Raytheon Technologies (NYSE: RTX) will provide the U.S. Navy and several foreign military sale customers with guided missile assemblies as well as related equipment and spares to meet the full-rate production requirements of the Evolved Seasparrow Missile Block 2 program for fiscal years 2021 to 2023. Deliveries will be made under a $397.7 million f...
Leonardo’s U.S. subsidiary is set to start trading Tuesday on Nasdaq under the ticker symbol “DRS” after the completion of its all-stock merger with Israel-based RADA Electronic Industries that was first announced in June. The closing of the transaction creates a public company that will offer sensing, network computing, force protection a...
The U.S. Navy has awarded StandardAero a contract modification worth $133.5 million to continue maintaining P-8A Poseidon maritime patrol and reconnaissance aircraft engines. The firm-fixed-price, indefinite-delivery/indefinite-quantity award covers depot-level maintenance and repair support services for CFM56-7B27A/3 and CFM56-7B27AE engi...
The State Department has cleared a potential $700 million sale of up to 72 modernized Patriot missile systems and associated equipment to the Swiss government. Lockheed Martin (NYSE: LMT) will serve as the principal contractor on the proposed foreign military sales agreement that will include trainers, skid kits, canister consumables, launcher stati...
The U.S. Coast Guard has a new cyber strategy for modernizing its sizable fleet to ensure mission success, according to Rear Adm. Christopher Bartz. Bartz, who serves as chief information officer of USCG, emphasized the organization’s strong commitment to bolstering its information technology capabilities through a wide range of initiatives duri...
Lithuania has requested to buy Lockheed Martin-built (NYSE: LMT) multiple launch rocket systems and associated equipment from the U.S. government under a $495 million foreign military sales agreement approved by the State Department. The proposed FMS deal includes eight M142 High Mobility Artillery Rocket System launchers, missile and rocket pods, b...
The State Department has approved Oman’s request to buy from the U.S. government up to 48 AGM-154C Joint Standoff Weapon systems, related equipment and support services under a potential $385 million foreign military sales agreement. Raytheon Technologies’ (NYSE: RTX) missiles and defense business will serve as the principal contractor in the pr...
The U.S. government has arrived at a seemingly widespread acceptance of the importance of maintaining and evolving its cybersecurity protections, particularly within the Intelligence Community. Without these measures, classified information could be at risk from both state-based and independent bad actors from across the globe looking to exploit vul...
The State Department has approved a potential $380 million sale of advanced medium-range air-to-air missiles, produced by Raytheon Technologies (NYSE: RTX), and related equipment to the government of Belgium. Raytheon’s missile systems division will serve as the principal contractor on the proposed foreign military sales agreement, which cover...
