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Tag Archives: South Korea

Report: Lockheed, 11 Countries In Talks Over $37B F-35 Procurement

Lockheed Martin (NYSE: LMT) is in talks with the U.S. and 10 other countries over a potential contract worth at least $37 billion for the manufacturer to deliver a total of 440 F-35 fighter aircraft, Reuters reported Sunday. Sources told Reuters the multi-year transaction will consist of three portions from fiscal 2018 …

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South Korea Leader Orders Probe of U.S. THAAD Additions

President Moon Jae-in of South Korea has ordered a probe after he says four additional U.S. THAAD anti-missile system launchers were brought into the country and the Defense Ministry failed to inform him. Four additional launchers were installed without informing the new government or the public, presidential spokesman Yoon Young-chan told media. …

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General Dynamics Receives Navy Contract Modification for Missile Fire Control Tech

TYSONS CORNER, VA, May 25, 2017 — General Dynamics (NYSE: GD) will deliver Missile Fire Control System equipment and provide engineering services for two international customers under a $40.8 million contract modification from the U.S. Navy, ExecutiveBiz reported Wednesday. The Defense Department said Tuesday the company’s ordnance and tactical systems business will …

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Gilbane Wins $134M Army Contract to Build 2 Military Facilities in South Korea

Gilbane‘s federal business has won a $133.5 million contract from the U.S. Army to construct the U.S. Forces Korea’s operations center and a facility at the U.S. Army Garrison Humphreys. The Defense Department said Monday work will occur in South Korea through May 2, 2020. The Army Corps of Engineers received seven offers for the contract …

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Boeing, Leonardo DRS Subsidiary Land Navy Contracts for Destroyer Ethernet Installation Support

Boeing (NYSE: BA) and a Leonardo DRS subsidiary have received contracts worth up to $192.8 million combined to install Gigabit Ethernet Data Multiplex System hardware aboard the U.S. Navy’s DDG 51-class destroyers. The firm-fixed-price contracts also cover the provision of spare parts and checkout repair services for AN/USQ-82(V) GEDMS in support of Arleigh Burke-class …

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US Begins Rollout of Lockheed-Built Missile Defense System in South Korea

TYSONS CORNER, VA, March 8, 2017 — The U.S. and South Korea have begun the deployment of the Lockheed Martin-manufactured (NYSE: LMT) Terminal High-Altitude Area Defense system in the Korean Peninsula to address potential missile threats from North Korea, Executive Gov reported Tuesday. Reuters reported Tuesday the THAAD system will work to intercept …

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L3 to Supply Transmission Systems for South Korean Army Vehicles

TYSONS CORNER, VA, Feb. 27, 2017 — L3 Technologies (NYSE: LLL) will deliver 800-horsepower transmission systems for South Korea’s infantry fighting and light-recovery vehicles under a potential $17.3 million contract, ExecutiveBiz reported Friday. The company said Thursday its combat propulsion systems division will deliver the transmission systems from the third quarter of …

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State Dept Clears $140M in Raytheon Missile Purchase Requests from South Korea

The State Department has given South Korea the green light to procure Raytheon-built AGM-65G-2 Maverick and AIM-9X-2 Sidewinder missiles under two foreign military sales agreements worth approximately $140 million combined. South Korea requested to purchase 89 Maverick missiles, containers and related support under a potential $70 million FMS contract, the Defense Security Cooperation Agency said …

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Deloitte: Global Aerospace & Defense Revenues to Grow 2% in 2017

A new Deloitte study forecasts the global aerospace and defense industry’s overall revenue to grow 2 percent in 2017. Tom Captain, Deloitte global aerospace and defense leader,  said Monday sales in the defense sub-sector could expand 3.2 percent this year after multi-year declines in revenue on growth in U.S. security spending and higher military …

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Lockheed Gets $450M Contract Modification to Continue F-35A Air System Integration for South Korea

Lockheed Martin (NYSE: LMT) has been awarded a $450 million contract modification by the U.S. Navy to continue integration work on the F-35A air system for South Korea as part of a foreign military sales deal. The Defense Department said Thursday the modification also covers non-recurring engineering services and falls under a previously awarded advance …

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