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Tag Archives: South Korea

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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Lockheed Gets $1.45B Contract to Supply PAC-3 Missile Interceptors to Army, Foreign Govt Clients

Lockheed Martin (NYSE: LMT) has received a potential three-year, $1.45 billion contract to produce and supply Patriot Advanced Capability-3 and PAC-3 Missile Segment Enhancement interceptors for the U.S. Army and allied countries through a foreign military sales agreement. The fixed-price-incentive contract covers the delivery of 205 PAC-3 MSE interceptors for the U.S. …

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Navy Taps Boeing to Produce Lot 90 Harpoon Missiles Under $207M FMS Contract

Boeing (NYSE: BA) has received a potential four-year, $207.5 million contract from the U.S. Navy for the full-rate production of 51 lot 90 Harpoon weapon systems for Egypt, South Korea and Brazil through a foreign military sales agreement. The sole-source, firm-fixed-price contract also covers the production of spares and related …

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Raytheon to Support Navy Phalanx, SeaRAM Weapon Systems Under Potential $399M Contract

Raytheon (NYSE: RTN) has been awarded a potential $398.6 million contract by the U.S. Navy to provide design agent engineering and technical services for the military branch’s close-in weapon and anti-ship missile defense systems. Work covers support for Phalanx Close-in Weapon System, SeaRAM and Land-based Phalanx Weapon System at various locations in the U.S. through January 2018, …

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Weekly Roundup November 21 – November 23, 2016: L-3 Squeezes Buy in Before Rate Hike

November 21 – November 23, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Interest rates are all but certain to go up in December and one large defense contractor has seemingly gotten ahead of the game to make one more big buy …

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Lockheed to Modernize South Korea F-16s Under $1.2B USAF Foreign Sales Deal

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential nine-year, $1.20 billion contract to support modernization of South Korea’s fleet of F-16 Fighting Falcon jets. Lockheed will perform the F-16 upgrades as part of a foreign military sales agreement between the governments of the U.S. and South Korea, …

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Report: South Korea Considers Purchase of Boeing P-8 Anti-Submarine Patrol Aircraft

TYSONS CORNER, VA, Sept. 8, 2016 — South Korea may purchase four Boeing-developed (NYSE: BA) P-8 Poseidon maritime surveillance aircraft as North Korea continues test firings of its submarine-launched ballistic missiles, ExecutiveBiz reported Wednesday. The country seeks an anti-submarine aircraft equipped with wide surveillance coverage and high speeds to help detect enemy submarines as they surface,  JoongAng Ilbo …

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Boeing Delivers Training System for South Korean AH-64E Apache Operators

TYSONS CORNER, VA, Aug. 24, 2016 — Boeing (NYSE: BA) has provided an Apache Longbow Crew Trainer to South Korea as part of a $1.6 billion contract to supply 36 attack helicopters and support services to the country’s army, ExecutiveBiz reported Tuesday. The Longbow Crew Trainer employs flight simulation technology and seeks to help air crews of …

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General Atomics Tests Missile Tracking Function on Predator B

TYSONS CORNER, VA, Aug. 17, 2016 — General Atomics has conducted a ballistic missile tracking test using a Predator B/MQ-9 Reaper remotely piloted aircraft equipped with Raytheon‘s (NYSE: RTN) Multi-spectral Targeting Systems-B electro-optical infrared turret system, ExecutiveBiz reported Tuesday. The test was held during the U.S. Navy‘s biennial Pacific Dragon maritime exercise in Hawaii with the Japanese …

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Fortinet to Share Threat Intell With South Korea’s Web Security Agency

TYSONS CORNER, VA, Aug. 11, 2016 — Fortinet (Nasdaq: FTNT) has partnered with South Korea’s internet and security authority on a two-way cyber threat information-sharing and analysis effort to address web security incidents in the country, ExecutiveBiz reported Wednesday. The cyber partnership aims to help South Korea bolster its cyber resilience …

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