Tag Archives: FMS

State Department OKs $91M Extended-Range Lockheed Rocket Sale to Finland

The State Department has cleared Finland’s request to procure 35 extended-range systems of Lockheed Martin‘s (NYSE: LMT) Guided Multiple Launch Rocket through a potential $91.2 million foreign military sales deal. Lockheed’s missile and fire control segment will be the principal contractor under the FMS agreement for 25 M30A2 ER GMLRS …

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State Department Clears Egypt’s $197M FMS Request for Updated Ship Self-Defense Missiles

The State Department has approved a request by the Egyptian government to procure Raytheon Technologies-built (NYSE: RTX) Rolling Airframe Missiles for ship self-defense use through a potential $197 million foreign military sales deal. Egypt asked to procure as many as 168 RIM-116C RAM systems in Block 2 configuration, guided-missile round …

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Report: UAE Inks Purchase Deal With US for F-35 Jets, Drones

The U.S. and the United Arab Emirates have signed an agreement for the UAE to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets and up to 18 drones, Reuters reported Thursday. The F-35s are part of a potential $23 billion deal that includes the procurement of high-tech weapons systems …

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Lockheed to Help Maintain UAE THAAD Weapon System Under $255M MDA Contract

Lockheed Martin (NYSE: LMT) has received a five-year, $254.7M contract from the Missile Defense Agency to maintain two batteries for the United Arab Emirates’ Terminal High Altitude Area Defense system. The company’s space business will also manage logistics and associated product database, develop software, provide training, conduct field surveillance, repair …

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R. Clark Cooper: Potential $23B Deal With UAE for F-35 Jets, Other Weapons Could Be Signed Before Jan. 20

R. Clarke Cooper, assistant secretary of state for political-military affairs, said the U.S. government is expected to sign a potential $23.37B deal for the sale of Lockheed Martin-built (NYSE: LMT) F-35 fighter jets, drones and other weapons systems to the United Arab Emirates before the Trump administration ends, Defense News …

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State Department Clears $104M Sale of Northrop-Made Large Aircraft IR Countermeasure Tech to Egypt

Northrop LAIRCM system

The State Department has approved a potential $104M foreign military sale to Egypt of one Northrop Grumman-built (NYSE: NOC) system for protecting aircrews from incoming infrared threats. The Egyptian government asked to buy an AN/AAQ-24(V)N Large Aircraft Infrared Countermeasures system for integration onto the country's head-of-state airplane, the Defense Security Cooperation Agency said Tuesday.

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Saudi Arabia’s $290M Small Diameter Bomb Procurement Request Gets State Department Approval

Boeing GBU-39 Small Diameter Bomb

The State Department has cleared Saudi Arabia’s request to procure 3K GBU-39 Small Diameter Bomb I munitions produced by Boeing (NYSE: BA), associated equipment and support services from the U.S. government through a potential $290M foreign military sales deal.

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Chuck Prow: Vectrus to Buy Zenetex in Intelligence Community, Digital Tech Expansion Push

Chuck Prow, president and CEO of Vectrus

Vectrus (NYSE: VEC) has agreed to acquire technology services provider Zenetex for approximately $112M as part of efforts to advance its converged infrastructure strategy and expand its customer base with the addition of new intelligence, defense and foreign military sales clients. "Zenetex broadens our reach into the Intelligence Community and expands our engineering and digital technology offerings, which is critical as we expand our capabilities to help our clients' transition to a more instrumented and converged approach to supply chain and facility management,” said Chuck Prow, president and CEO of Vectrus and a 2020 Wash100 award winner.

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