Henley-Putnam University

Currently browsing entries tagged press release

Army to buy more CH-47 aircraft

The Army awarded Boeing a 5 year contract for CH-47F cargo helicopters. The number procured is 181 with 10 options. There will also likely be some FMS sales from this contract. The CH-47F is the latest variant of the helicopter with sophisticated avionics and improved capabilities. 48 have been built to [...]

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USMC buys wireless communications from TeleCommunications Systems

The USMC exercised a contract with TeleCommunications Systems to buy their Wireless Point-to-Point Link (WPPL) system to support deployed forces. The initial contract is worth about $3 M, but the company hopes to grow this through options to a total of $70 M by 2011. The WPPL System provides network and communication wireless [...]

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The UK buys refit on their C-130s

L3 was awarded a contract by the UK’s Ministry of Defence to perform replacement of the outer wings of three C-130 aircraft. The contract is worth over $18 M. The actual work will be done in Canada. Like many European companies expanding in the US market; it also behooves US ones to [...]

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ADG has a good quarter

Allied Defense Group announced their quarterly results. See a press release here. The company had a good second quarter with revenue and EPS up significantly. This was primarily driven by sales of ammunition and the contract to build a plant in Jordan.

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US Army buys more HUMVEES

AM General was awarded a contract to build more HUMVEES for the Army. See a press release here. The contract is worth over $240 M. The HUMVEE is the ubiquitous jeep replacement in the US military. Although the soft skinned version has been replaced in Iraq and Afghanistan by up armored [...]

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DARPA awards net security contract

BBN Technologies won a contract from the DARPA to develop network monitoring software. See a press release here. Under the contract as part of the Scalable Network Monitoring program, BBN Technologies will work to build software that will adjust to the size of the network to monitor for attacks and inspect use. [...]

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Lockheed Martin to train intelligence analysts

Lockheed Martin was awarded a contract from the National Geospatial Intelligence Agency (NGIA) to provide training to its employees and other intelligence analysts across DoD. See a press release here. The contract has a value of $32 M and is an option on an existing contract. Lockheed Martin is responsible for running [...]

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Lockheed Martin expands in Australia

Lockheed Martin has moved to buy a joint venture it had set up in Australia today. See a press release here. RLM Holdings was a company established by Lockheed Martin and the Tenix Group to manage the Jindalee Operational Radar Network (JORN) and provide other defense services. The JORN is a large [...]

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DARPA invest in biotechnology

DARPA awarded CombiMatrix a contract to conduct basic research into their core technologies. See a press release here. The contract is worth up to $250 K. CombiMatrix works with molecules to develop detection systems for things like bio and chemical weapons. The technology also has commercial applications. DoD has put [...]

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ManTech reports well

ManTech is a second tier defense contractor that provides services and support to the US military. For the quarter ending in June ManTech reported income of $21.9 M. See a press release here. This was a substantial improvement over the same quarter in 2007. Much of the increase came from large [...]

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Army buys more FLIR systems for force protection

The US Army awarded FLIR Systems a $30 M contract for more systems to support ground based force protection systems. See a press release here. FLIR Systems has long built sensors for aircraft but recently the US has invested in this technology for the monitoring of perimeters and base security. FLIR Systems [...]

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DoD awards TRICARE omnibus contract

General Dynamics was one 23 companies awarded a possible right to get work under a large ID/IQ contract for planning and support. See a press release here. The contract if all options are exercised could be worth up to $5 B. Like all of these contracts, though, there is no guarantee that [...]

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BRAC money flows to Huntsville

B.L. Harbert International won the contract to build two new building complexes at Redstone Arsenal (RSA) as part of the last round of BRAC moves. See a press release here. BRAC was good to RSA as it moved the headquarters of the US Army Material Command (AMC) and the US Army Security Assistance [...]

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LMT reports earnings

Lockheed Martin continued the string of defense contractors reporting good earnings as the rest of the economy struggles. See a press release here. Lockheed had a 13% increase in profit over the last year with a solid increase in earnings. The company also is starting to sound cautious about the expected downturn [...]

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First MUOS groundstation installed

General Dynamics as part of the Mobile User Objective System (MUOS) satellite base communication network installed the antennas for the first of four groundstations. See a press release here. MUOS will provide a cell phone like communication system through satellites. It will eventually have four ground stations with the first being in [...]

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C-17 FMS buy

Boeing will continue the C-17 production line for a few more years. See a press release here. No details of how many aircraft or contract value were provided. Boeing is on contract for 190 C-17s for the USAF, of which 175 have been delivered. 15 more were just placed on contract [...]

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Navy continues CEC work

Raytheon was awarded a contract today to continue work on Cooperative Engagement Capability (CEC).  See a press release here.  CEC is a natural development of the work the Navy has done with datalinks for the last 50 plus years.  By the Nineties the Navy was able to share the sensor picture from one ship with [...]

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USMC buys more, smaller MRAP vehicles

The USMC purchased 773 MRAP from General Dynamics. See a press release here. The contract is worth over $500 M. These are RG-31 MRAP designed in South Africa and will be sent to Afghanistan. The RG-31 was selected as it is smaller and lighter then other MRAP in the inventory and [...]

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Navy buys M16 rifles

The US Navy, along with the USMC, and acting for FMS customers awarded a contract to Sabre Defence to manufacture M16 rifles. See a press release here. Sabre becomes only the third company to manufacture military specification M16 rifles since its introduction in the early Sixties. The order seems small at under [...]

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US buys batteries

The Defense Logistics Agency (DLA) signed a contract with SAFT for batteries. See the press release here. While SAFT is a French company the batteries will be made in NC at their plant. The contract is for up to 5 years and could be worth $170 M. With the amount of [...]

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Air Force awards omnibus support contract

The US Air Force awarded an omnibus maintenance contract. Northrop Grumman was one of the twelve companies that qualified for the contract. See the press release here. If all parts of the contract are executed the value could be as much as $10 B. Normally how these contracts work the government, [...]

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Army and USMC buy tools

Armstrong Tools announced that they were awarded a contract to provide standardized tool sets to the US Army and Marine Corps. See the press release here. One of the key components of the contract is that it is Berry Amendment friendly. The contract is for over 90,000 kits and is worth over [...]

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DoD invests in automated medical diagnostic equipment

CombiMatrix received a contract from DoD to continue development of hand-held diagnostic equipment for use in the field. See the press release here. The contract is worth over $900 K. DoD as well as other government agencies are evaluating products based on CombiMatrix’s systems to detect bacteriological and chemical systems. This [...]

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Continued conflict good for US defense contractors

CNNMoney has a preview of the upcoming earnings report for a variety of US defense contractors. See this for more. Not surprisingly the outlook is good. The US defense budget remains large and will probably not see any downturn until 2010 at the earliest depending on the US election. Rockwell Collins [...]

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Army buys ammo for Afghanistan

Fresh off all of the problems with the contract let to AEY, the US has moved to a more traditional source for ammo for Afghanistan’s military and police. See the press release here. Allied Defense Group has been awarded a FMS contract to provide ammo. Allied has grown significantly over the last [...]

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