Filed under: Australia, Business Line, Companies, Countries, Elbit Systems, Events, Israel, Press Releases
On September 8th we ran a press release from Point Trading discussing a contract dispute they have with Elbit Systems of Israel. Elbit Systems contracted us and asked to run the following comment about the issue:
“Point Trading breached its commitment to ITL (which has since been acquired by Elbit Systems), and to this day has not paid its undeniable debt of over USD 1 million to ITL. Elbit Systems received the statement of claim and is studying it, though it appears from an initial review of the claim that it does not raise any issue that has not been discussed previously.”
Ultralife Corporation Receives $1.3 Million Order for its BA 5390 Military Batteries from Defense Logistics Agency
NEWARK, N.Y.–(BUSINESS WIRE)–Ultralife Corporation (NASDAQ: ULBI) has received an order valued at $1.3 million from the Defense Logistics Agency (DLA) for its BA-5390 battery. This order represents the first release under the 5-year Indefinite Quantity Contract that commenced on September 14, 2010. DLA has estimated the demand value for the base year at $5.3 million and has estimated the total award not to exceed $42.1 million. Deliveries under this order are anticipated to occur in the first
Ultralife Corporation Receives Award for its BA 5390 Military Batteries from Defense Logistics Agency
NEWARK, N.Y.–(BUSINESS WIRE)–Ultralife Corporation (NASDAQ: ULBI) has received an Indefinite Quantity Contract to source its BA 5390 batteries to the Defense Logistics Agency (DLA). The award consists of one base year, commencing on September 14, 2010, with four option years to be exercised in one-year increments at the discretion of the Government. DLA has estimated annual demand value for the base year at $5.3 million and has estimated the total award not to exceed $42.1 million. “We are ple
LADSON, S.C.–(BUSINESS WIRE)–Force Protection, Inc. received a modification to existing contract M67854-07-D-5031 with an approximate value of $64.1 million for seat survivability upgrade kits for 1,946 MRAP Cougar vehicles.
SPRINGFIELD, Va.–(BUSINESS WIRE)–Versar, Inc. has been awarded a new $17.1 million contract from the US Army Corps of Engineers known as Task Force SAFE to perform electrical inspections and repairs of facilities.
EMRISE Awarded $1.1 Million Contract for Power Systems for New Ground-Based, Military Defensive Aid System
EATONTOWN, N.J.–(BUSINESS WIRE)–EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced that it has been awarded a contract valued at approximately $1.1 million to design, develop and manufacture custom power systems for a military application in a new ground-based defensive aid system. The contract was awarded to the Company’s U.K.-based subsidiaries by a major international, military systems
Filed under: Alabama, Arotech, Business Line, Companies, Countries, Earnings, Events, Israel, logistics, Michigan, production program, States
Arotech Corporation of Michigan reported their recent quarterly earnings. The company still performed at a loss but compared to the same quarter last year saw strong improvement. The company almost halved its loss from $1.9 million to $1 million on revenues that were up almost $3.5 million.
One of the prime reasons for this growth in revenues was the sale of armored trucks, the David, to Israel. The company also makes simulators and armored plate for the military market as well as some commercial products. It’s subsidiary, MDT Armor Corp, makes the David in Alabama.
Israel like the U.S. and its allies in Afghanistan and Iraq faces a significant mine and Improvised Explosive Device (IED) threat. The provision of a armored truck makes sense as they must move supplies and troops by road along dangerous borders with the Gaza Strip or West Bank. The David is considered an “ultra light armored personnel carrier” that can defeat small arms and grenades as well as lighter IED attacks. The market for these kinds of vehicles is fairly significant as they can be used for internal security missions as well as light combat duty.
Unfortunately there are many parts of the world where military and police face these kind of threats from terrorist and insurgent groups. The David is one of several kinds of vehicles that would be useful in these kind of situations to move small groups of troops or supplies.
Filed under: BRS, Business Line, Companies, Contract Awards, Events, logistics, production program, Services, U.S. Army
The U.S. Army awarded Ballistic Recovery Systems (BRS) a contract to manufacture twelve hundred cargo parachutes. The $4.1 million contract has an option to for a further fifteen hundred which would make the contract value over $9 million. MSNBC has the press release from the company. BRS has invested recently in staff to help it win such contracts. A few weeks ago they won one from the Air Force. This contract will also allow them to increase the staff at their manufacturing plant in North Carolina. The Army still has the ability to deliver the troops of the 82nd Airborne Division and supporting supplies and equipment by parachute and seems like it will continue to invest in this capability.
ARLINGTON, Va.–(BUSINESS WIRE)–New armored vehicle contracts for BAE Systems in Finland and Norway have taken land sales to Nordic countries above $215 million in the past two months, underpinning the strength of the company’s export portfolio. The company has won a contract to supply 16 RG32M mine-hardened patrol vehicles to the Finland Defence Force, worth more than €6 million ($8.1 million). In addition, it has also received a $7.2 million amendment to an existing contract to enhance the pr
ARLINGTON, Va.–(BUSINESS WIRE)–ICx wins two DTRA awards valued at up to $9.1 million — the Hazard Mitigation Material and Equipment Restoration (HaMMER) and Rapid Area Sensitive Site Reconnaissance (RASR) programs.