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FedBid Announces Record $1.15 Billion Worth of Reverse Auction Purchases by Government Agencies in FY2010

December 7, 2010 by · Comment
Filed under: Syndicated Industry News 

VIENNA, Va.–(BUSINESS WIRE)–FedBid, Inc. announced that government buyers purchased a record $1.15 billion dollars worth of products and simple services through the FedBid online marketplace in FY10, over a 30% jump from FY09.



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Morocco Completes F-16 Order

Two years ago the North African nation of Morocco selected the F-16 Fighting Falcon to be the basis of their new fighter force. They awarded an initial contract in 2008 for the twenty-four aircraft to Lockheed Martin. Now they announced the rest of the money will be paid. The total contract is worth over a billion dollars with the bulk, $840 million, executed this week.

The F-16 serves with many NATO and other U.S. allies as well as Egypt and Israel. Lockheed Martin continues to sell and build the aircraft for overseas sales despite the plans of the U.S. and many other countries to replace or at least supplement it with the F-35 JSF.

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New Military Contracts Limit Losses For Oshkosh

November 6, 2009 by · Comment
Filed under: BNET 

Oshkosh reported losses of over a billion dollars for Fiscal Year 2009 due to charges and debt reduction. Recent wins of military production…

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Russia Invests In Sukhoi Aircraft

The Russian Federation signed a contract worth over $2.5 billion dollars to purchase sixty-four advanced Sukhoi aircraft. The contract will purchase forty-eight SU-35S, twelve SU-27M and four SU-30M2 aircraft. The contract was so important that Prime Minister Validimir Putin himself announced it.

This is the largest public contract since the fall of the Soviet Union and will lay the foundation for the modern Russian Air Force. In order to complete the deal by 2015 the Russian government is granting Sukhoi money as well as providing financing to begin the production.

Sukhoi has had some success in selling these aircraft to foriegn countries and like every other major defense contractor hopes to do more of such business.

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BAE Systems To Provide Night Vision Enhancement Systems To U.S. Army

BAE Systems following up on an announcement last week said that they were awarded two separate contracts by the U.S. Army to provide night vision systems and laser modules. The two contracts together are worth over $2 billion dollars. A formal press conference will be held today at their Lexington, MA plant.

The first contract is worth almost two billion itself and is for 338 Driver’s Vision Enhancers (DVE). These are installed on a variety of vehicles in use by the U.S. military to improve driving at night. The second contract is for 1,990 Laser Target Locator Modules (LTLM). These are used to point out targets. Both contracts will last five years.

The DVE contract illustrates that modern electronics are very expensive. Installing one of these on a truck adds tens of thousands of dollars to the cost of that system. It does though add significant capability through improving the ability to drive in reduced visibility.

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Army Pushes Back on FCS

Due to its complexity, cost and risk the Future Combat System (FCS) program is required to have an annual report to Congress submitted by the GAO. This was done recently. The FCS is the largest and probably most complex program under development right now by the U.S. military. It is being managed and integrated by Boeing and SAIC. The GAO continues its negative view of FCS and the Temple Daily Telegram reports that the Army acquisition folks countered that with calls to reporters. FCS is a system of systems which will used wheeled armored vehicles, unmanned ground and aerial vehicles all linked by a variety of data links and systems. Its goal is to increase the speed, accuracy and response of the Army. Parts of it have been developed and deployed where they can in Afghanistan and Iraq. The current Stryker vehicle units are the interim step from the M1/M2 based units to the FCS. As it is the largest program in the Army consuming a few billion dollars a year and has risk it is obviously the place that Congress and the Obama administration is looking for cuts. Until the FY10 budget is released there will be this back-and-forth between the Army and other parts of the government as that service tries to preserve as much of the program as they can.

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UAE to Buy AMRAAM from Raytheon

Raytheon announced that they had signed a contract with the UAE to provide advanced AIM-120 AMRAAM air-to-air missiles for the nation’s F-16 fleet. Reuters reports that the contract is for over two hundred of the missiles. No contract value was given but it is substantial as the AMRAAM is a fairly expensive system. Deliveries are expected to begin in the 2011 time frame. Over the last five years the UAE has invested heavily in upgrading the capabilities of their armed forces. Most recently they have invested over three billion dollars into missile and air defense capability with the purchase of PATRIOT and THAAD systems from the U.S.

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