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McAleese & Associates: FY 2020 Defense Spending Bill to Appropriate $21.7B for Navy Shipbuilding

A McAleese & Associates report says the U.S. Navy’s shipbuilding programs would receive $21.7B under the $690B fiscal 2020 defense funding bill passed by the House Appropriations Committee. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, listed in the report some of the fully funded …

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Raytheon Gets Potential $848M Contract to Help Navy Build ‘Over-the-Horizon’ Weapon System

Raytheon (NYSE: RTN) has secured a potential $847.6 million contract to produce an “over-the-horizon” weapon system for the U.S. Navy‘s littoral combat and frigate ships. OTH-WS will consist of a fire control suite and launching mechanisms with encanistered missiles, the Defense Department said Thursday. The firm-fixed-price contract has a $14.8 …

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Thomas Kennedy: Raytheon Eyes Larger Share of $8B Over-the-Horizon Missile Market

Thomas Kennedy, chairman and CEO of Raytheon (NYSE: RTN), has said he expects the company to gain a controlling share of a potential $8 billion market for surface-to-surface missiles over a decade, Defense News reported Tuesday. Kennedy said Thursday at the company’s earnings call that the proposed Naval Strike Missile …

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BAE Lands $4.8B UK Contract to Build Type 26 Warships; Charles Woodburn Comments

BAE Systems has received a potential $4.8 billion contract from the U.K. defense ministry to build the first three ships under the country’s Type 26 Global Combat Ship program. The company said Sunday the contract is expected to create at least 3,400 jobs across the U.K. and that it will …

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Australia Shortlists BAE, Fincantieri, Navantia as Options to Produce Frigates

TYSONS CORNER, VA, April 20, 2016 — BAE Systems, Fincantieri or Navantia has the potential to produce new frigates for the Australian navy under a $27 billion program, ExecutiveBiz reported Tuesday. Defense News reported Monday the Australian defense ministry will choose from the three companies to begin work on the frigates in …

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Navy Awards Austal USA $198M for LCS, Frigate Design Services

Austal‘s U.S.-based subsidiary has received a potential three-year, $198.4 million contract modification from the U.S. Navy to carry out Littoral Combat Ship upgrade design services and frigate preliminary design services. The company said Tuesday the award is part of a $3.5 billion contract with the Navy on the production of 11 LCS …

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Reuters: Saudi Arabia, US in ‘Advanced’ Talks for $1B Lockheed Frigate Buy

The U.S. government is in talks with Saudi Arabia regarding the latter’s proposed $1 billion purchase of two frigates from Lockheed Martin (NYSE: LMT) as part of the Saudi navy’s modernization efforts, Reuters reported Wednesday. Andrea Shalal writes that the discussions are in the advanced stage and could result in …

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USNI News: Lockheed to Secure Combat Mgmt System Contract for Navy’s Future Frigates

The Naval Sea Systems Command has announced plans to award a contract to Lockheed Martin (NYSE: LMT) to provide a common combat management platform for future frigates, USNI News reported Wednesday. Megan Eckstein writes the service branch’s intention to award the sole-source contract to Lockheed comes after its decision to …

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DRS to Build South Korean Frigate Electric Drive System; Roger Sexauer Comments

DRS Technologies Inc. has been awarded a more than $9 million contract with Hyosung Corp. to develop a hybrid electric drive propulsion system for the Republic of Korea Navy’s Incheon-class frigate. DRS’s maritime and combat support systems group will work to design, build and test hybrid electric drive magnet motors …

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