Tag Archives: foreign military sales

US, Hungary Reach $1B Air Defense Tech Sales Deal

Raytheon AMRAAM

Hungary will procure air defense systems from the U.S. under an estimated $1B deal that involves foreign military and direct commercial sales as the European country aims to modernize its Soviet-era arsenal. The FMS portion of the agreement is for 60 Raytheon Technologies-built (NYSE: RTX) Advanced Medium-Range Air-to-Air Missile-Extended Range systems and support services worth $230M.

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Heidi Grant to Succeed Lt. Gen. Charles Hooper as DSCA Director

Heidi Grant Incoming Director DSCA

Heidi Grant, director of the Defense Technology Security Administration, has been appointed to serve as the Defense Security Cooperation Agency's next director, the Pentagon reported Friday. She will succeed Lt. Gen. Charles Hooper, who has led DSCA since August 2017 and is a former Wash100 Award recipient.

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State Dept Clears South Korea’s $250M Follow-On Reconnaissance Aircraft Support Request

State Dept

The State Department has approved a potential $250M foreign military sale of follow-on items and support services for South Korea's Peace Krypton reconnaissance aircraft fleet. Lockheed Martin (NYSE: LMT) will be the prime contractor on the proposed deal to modernize ground infrastructure, implement a joint mission planning system and maintain prime mission equipment, the Defense Security Cooperation Agency said Friday.

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