Textron to Sell Unit to Raise Cash
February 28, 2009 by Matthew Potter · Comment
Filed under: Acquisitions, Business Line, Events, Federal Budget Process, Military Aviation, Woodward Governor, commercial aviation, production program
Filed under: Acquisitions, Business Line, Events, Federal Budget Process, Military Aviation, Woodward Governor, commercial aviation, production program
Textron Incorporated has been struggling of late due to downturns in the business jet market and the cancellation of the RH-70 Armed Reconnaissance Helicopter (ARH) contract that its component, Bell, was developing. Earlier this month Forbes reported that the company was looking at possibly selling portions of itself to keep cash flow going. At that time the discussion was about its finance business, but now CNNMoney.com writes that Textron agreed to sell its aircraft control and fuel management development and manufacturing group, HR Textron. This group will be purchased by Woodward Governor for about $365 million. This is to help that company expand its business in the airframes systems market. As there continue to be changes in the defense budget there will be more fallout among the defense industry. The Nineties saw significant mergers and contractions and that is certainly possible in the future as the U.S. military purchases less-and-less big ticket systems.
U.S. Company Awards International Satellite Communication Contract
The Australian newspaper The Age reports that the U.S company PCI gave NewSat a contract to provide communications between military units and support contractors in Afghanistan with bases in the U.S. To add to the international flare NewSat will use satellites operated by SES New Skies, a Dutch company. Just as satellites have [...]Contracts for February 27, 2009
February 27, 2009 by admin · Comment
Filed under: Contract Awards, Department of Defense, Syndicated Industry News
Contracts valued at $5 million or more are announced each business day at 5 p.m.
Filed under: Contract Awards, Department of Defense, Syndicated Industry News
China’s navy to protect nation’s trade all around the world
By ANDREI CHANGHONG KONG, Feb. 27 (UPI) -- In the future, wherever Chinese merchant ships go, that area may be taken as China's national interest frontier and the trace of the "Chinese Aegis" class DDG may appear. Moreover, this theory gives the People's Republic of China a more convincing rationale for building its own aircraft carriers.
U.S. military must adapt to far less financing
By PAOLO LIEBL VON SCHIRACHUPI Outside View Commentator
WASHINGTON, Feb. 27 (UPI) -- Almost lost within the avalanche of news about more and more rescues: the banks, the auto sector, homeowners and ... well ... everybody else (followed ominously by deeper and deeper Wall Street dives) was the announcement that the Obama administration has decided to send additional U.S. troops to Afghanistan: 17,000, to be exact. Now, this falls short of the 30,000 additional troops requested by military commanders on the ground, but it is a nice installment. And it should not come as a surprise, as Barack Obama repeatedly indicated during his campaign that Afghanistan was and is the place on which we should focus, while stating that the Bush administration had squandered resources in the misguided Iraq campaign.
KBR Reports Strong Earnings for 2008
KBR was one of the top ten contractors by revenue for 2008 as we wrote about here. It reported its 2008 earnings this week. The Houston Chronicle writes that revenue was up almost $3 billion to $11.6 billion. The company’s net income rose only $17 million, though, partly due to a [...]Army orders additional Danner combat boots
PORTLAND, Ore., Feb. 27 (UPI) -- The U.S. Army has awarded a follow-on contract to LaCrosse Footwear Inc. for the company to deliver additional combat boots.
Air Force contracts for Hercules support
INDIANAPOLIS, Feb. 27 (UPI) -- The U.S. Air Force has contracted Rolls-Royce to provide engine-support services for transport aircraft being delivered to the Royal Norwegian Air Force.
Russia busts gang stealing arms for China
By MARTIN SIEFFUPI Senior News Analyst
WASHINGTON, Feb. 27 (UPI) -- The continuing deadlock over new arms deals between Russia and China has led to a remarkable development: Russian security services are investigating a suspected plot to steal Russian weapons and sell them to Beijing.
BAE delivers two M-ATVs for evaluation
ARLINGTON, Va., Feb. 27 (UPI) -- BAE Systems announced it has submitted two new mine-resistant ambush-protected vehicles for evaluation in response to a solicitation from the U.S. military.
Coast Guard awards icebreaker deal
SEATTLE, Feb. 27 (UPI) -- The U.S. Coast Guard has awarded Todd Pacific Shipyards Corp. a follow-on contract to continue maintenance on Polar Class icebreakers.
BAE to deliver escape windows to Army
MINNEAPOLIS, Feb. 27 (UPI) -- The U.S. Army has contracted British company BAE Systems to provide Humvees with its emergency escape window kits.
BAE NLOS cannon has successful test
MINNEAPOLIS, Feb. 27 (UPI) -- BAE Systems announced the advancement of its XM1203 Non-Line-of-Sight Cannon prototype with a successful test at a U.S. Army installation.
Army awards deal for NightHunter 3 systems
CARLSBAD, Calif., Feb. 27 (UPI) -- The U.S. Army has contracted Xenonics Holdings Inc. for the delivery of its advanced night-vision technologies.
Canadian Contractors Propose Alternate Conflict Resolution Then Just Court
Last week the Canadian government charged seven companies and fourteen individuals with bid rigging. They all face criminal investigation and charges. Now the Ottowa Business Journal writes that some government contractors are proposing the use of arbitrators and conflict resolution in such cases rather then just use of criminal statutes. The Canadian [...]Joint Cargo Aircraft Loses Boeing
February 27, 2009 by Matthew Potter · Comment
Filed under: Boeing, Business Line, Companies, Contract Awards, Countries, Events, Finemeccanica, Italy, L-3, Military Aviation, Restructuring, Services, U.S. Air Force, U.S. Army, commercial aviation, production program
Filed under: Boeing, Business Line, Companies, Contract Awards, Countries, Events, Finemeccanica, Italy, L-3, Military Aviation, Restructuring, Services, U.S. Air Force, U.S. Army, commercial aviation, production program
The U.S. Army and Air Force plan to purchase about seventy-eight Joint Cargo Aircraft (JCA). This is a light transport to supplement the C-130 primarily used for short haul missions in theater. The C-27J was selected to be the aircraft for the mission. This is a jet built by Finmeccanica in a joint venture with L-3 Communications. The team had been in discussions with Boeing to build an assembly plant for the originally European aircraft in the U.S. Now Bloomberg is reporting that Boeing is dropping out of the program due to the current world economic downturn. The plan is still to build a plant and assemble the aircraft in the U.S. but a new partner will have to be found or L-3 will have to spearhead the work. The JCA has had its issues mainly due to the Army and Air Force having different priorities for the aircraft but it had settled down with Low Rate Initial Production starting.
Obama Releases Top Line for Defense Budget
The Defense budget is built from the bottom up with several levels of review and shaping. The services prepare their budgets in the Spring with each Chief of Staff prioritizing spending and ultimately coming to a top line for the service. These are submitted to the Secretary of Defense and his staff in [...]Contracts for February 26, 2009
February 26, 2009 by admin · Comment
Filed under: Contract Awards, Department of Defense, Syndicated Industry News
Contracts valued at $5 million or more are announced each business day at 5 p.m.
Filed under: Contract Awards, Department of Defense, Syndicated Industry News
BAE contracted for B-kit armor upgrades
SEALY, Texas, Feb. 26 (UPI) -- The U.S. Army has awarded BAE Systems a follow-on contract for the delivery of additional tactical-vehicle armor kits to strengthen protections for troops.
Army orders recapitalized Oshkosh vehicles
OSHKOSH, Wis., Feb. 26 (UPI) -- The U.S. Army has contracted Oshkosh Corp. for new and recapitalized tankers, wreckers and cargo vehicles, along with trailer systems.
Navistar Defense releases MRAP variants
WARRENVILLE, Ill., Feb. 26 (UPI) -- U.S. company Navistar Defense announced the launch of its next-generation mine-resistant ambush-protected wrecker vehicle.
Valley Forge deal paves way for contracts
COVINGTON, Ky., Feb. 26 (UPI) -- U.S. company Valley Forge Composite Technologies said a deal has been signed authorizing the delivery of its screening technology to a Middle Eastern country.
UAE orders C-130J Super Hercules
MARIETTA, Ga., Feb. 26 (UPI) -- The United Arab Emirates has contracted Lockheed Martin to support the country's tactical-airlift fleet-modernization initiative.
LM unveils fourth JLTV prototype
OWEGO, N.Y., Feb. 26 (UPI) -- U.S. company Lockheed Martin on Wednesday unveiled a new variant of its Infantry Carrier Category B model.
Elbit launches new dismountable computer
FORT WORTH, Texas, Feb. 26 (UPI) -- Israel-based Elbit Systems announced the release of is new ruggedized computer platform designed to support a modern digital battlefield.
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