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Tag Archives: letter of intent

US, Saudi Arabia Ink Potential $110B Weapons Sales Package

President Donald Trump and Saudi King Salman bin Abd al-Aziz Al Saud have signed a potential $110 billion package of weapons sales agreements in an effort to advance global security and economic development initiatives between the U.S. and Saudi Arabia. The White House said Saturday Trump also inked a Joint …

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Lockheed Martin Opens Defense, Security Programs to Polish Industry

TYSONS CORNER, VA, Sept. 9, 2016 — Lockheed Martin (NYSE: LMT) and Polska Grupa Zbrojeniowa, a state-owned defense consortium in Poland, have signed a letter of intent for PGZ member companies to take part in Lockheed’s defense and security programs, ExecutiveBiz reported Thursday. The agreement works to boost the involvement of PGZ …

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Drone USA to Buy West Coast Machine Parts Supplier Through Cash-and-Stock Deal

New York-based Drone USA has signed a letter of intent to buy an unidentified West Coast-based supplier of machine parts, spares and replacement tools to the defense and commercial sectors through a cash-and-stock transaction of an undisclosed sum. Drone USA CEO Michael Bannon said Thursday he expects the transaction to …

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Saab Receives Estimated $184M Torpedo Order From Agency in Sweden

Saab has received an estimated $184 million order for a lightweight torpedo system from Sweden’s defense logistics agency. The company will develop, produce and deliver the torpedo from 2016 through 2024 in support of the Swedish armed forces’ underwater systems, Saab said Friday. Gorgen Johansson of Saab said the lightweight torpedo serves as replacement for Torpedo …

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DigitalGlobe Enters Tentative Deal With Int’l Defense Client for WorldView-4 Capacity

TYSONS CORNER, VA, April 29, 2016 — DigitalGlobe (NYSE: DGI) has secured a letter of intent to provide an international defense and intelligence agency direct access to WorldView-4 satellite imagery in support of the customer’s regional security programs, ExecutiveBiz reported Thursday. The company said Wednesday the tentative agreement covers three years of …

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Michelle Lohmeier: Raytheon, Mesko Step Forward with Renewed Tech Partnership Agreement

TYSONS CORNER, VA March 27, 2015 — Executive Mosaic — ExecutiveBiz reported Thursday on a partnership agreement between Raytheon (NYSE: RTN) and Polish ammunition manufacturer Mesko that allows them to continue their joint work on new areas of defense technologies. The two companies signed a letter of intent to seal the agreement, renewing …

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Thales, MBDA Partner With Polish Firm on Bid for Poland’s Missile Defense System

Thales and MBDA have partnered with Poland’s Wojskowe Zaklady Uzbrojenia to offer the Aster 30 Block 1 missile in a joint bid for the Polish government’s Wisla contract, Defense News reported Tuesday. Pierre Tran writes that Thales and MBDA have submitted letters of intent for cooperation with WZU to bolster the local industry’s autonomy in producing and supporting …

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CSC, UK Health Dept. Sign Letter of Intent Ahead of Healthcare Contract

Computer Sciences Corp. (NYSE: CSC) signed a non-binding letter of intent Monday with the U.K. Health Department to support the U.K.’s national healthcare system. The Falls Church, Va.-based information technology contractor said the letter establishes a framework for a contract the company may enter with the department by March 31. The firm …

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