JLTV decision may be imminent

October 28, 2008 by Dagpotter · Comment
Filed under: Contract Awards, Department of Defense, U.S. Army, development program, logistics, production program 

The JLTV will be the next generation utility vehicle for the US armed forces. It will supplant the ubiquitous HUMVEE and will incorporate the lessons of the last seven years fighting. The Army had planned to announce that three teams won development contracts which over the next two plus years would lead to a prototype last week. Now the decision has been delayed for at least a few more days. The ultimate contract would be worth tens of billions of dollars as their would be thousands of the vehicles produced. Most of the major US defense contractors are part of one team or another with a variety of smaller companies as this is one of the largest procurement programs in sight.

See this story at WJACTV.com and another at Rueters for more on the program. Defensenews.com is reporting, here, that delays are due to concern about protests.

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Fighting takeover Point Blank wins contract

August 18, 2008 by Dagpotter · Comment
Filed under: Acquisitions, Contract Awards, Florida, Point Blank Solutions, U.S. Navy, production program 

According to the South Florida Business Journal, Point Blank Solutions won a contract to provide tactical vests. The contract could be worth over $20 M. Point Blank Solutions has been supplying body armor to the US Armed Forces for several years. At the same time the company is trying to prevent being bought by a hedge fund. They turned down one offer for the company last year, but now it looks like the shareholders will be allowed to vote on the deal.

For more see the South Florida Business Journal article.

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