Aerovironment awarded $45 million option for switchblade tactical missile systems under U.S Army lethal miniature aerial missile systems contract

On the same subject

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  October 4, 2018 | International, Aerospace

  Boeing Wins $63M Navy Deal for F/A & E/A-18 Aircraft Support

  By Zacks Equity Research, Zacks.com The Boeing Company BA recently won a $62.7-million contract for providing inspections, Inner Wing Panel (IWP) modifications, and repairs for the F/A-18 E/F and EA-18G aircraft. Such designated efforts are expected to restore aircraft and IWP service life projections to new design specifications. Work related to the deal will be majorly carried out in Jacksonville, FL; St. Louis, MI; and Lemoore, CA. The entire task related to the deal is expected to get completed in September 2019. The deal was awarded by the Naval Air Systems Command, Patuxent River, Maryland. A Brief Note on F/A-18 and E/A-18 Boeing's F/A-18 Block III Super Hornet is a twin-engine, supersonic, all weather multirole fighter jet. The U.S. Navy's tactical and air superiority aircraft is capable of performing virtually every mission in the tactical spectrum, including air superiority, day/night strike with precision-guided weapons, fighter escort, close air support, suppression of enemy air defenses, maritime strike, reconnaissance, forward air control and tanker missions. Whereas, the EA-18G Growler is the most advanced airborne electronic attack (AEA) platform, which operates from either an aircraft carrier or from land-bases. What's Favoring Boeing? Boeing, being one of the major players in the defense business, stands out among its peers by virtue of its broadly diversified programs, strong order bookings and solid backlog. Furthermore, the company's expertise lies in programs related to wide variety of aircraft components, repairs and modification works. Considering Boeing's combat-proven aerospace programs and associated services along with the rapidly growing need for military aircraft in light of the enhancing geopolitical uncertainties worldwide, the company witnesses a solid inflow of orders from Pentagon. These contract wins, in turn, boost top-line growth for the company's defense business segment. Evidently, in second-quarter 2018, revenues at the Boeing Defense, Space & Security (BDS) segment, which manufactures military jets like F/A-18, EA-18 Growler and its related components, increased 9% year over year to $5.59 billion. In line with this, we may expect the latest contract win to help this unit deliver similar top-line performance, in coming quarters. Meanwhile, toward the end of June 2018, the U.S. Senate approved the fiscal 2019 defense budget that provisions for major war fighting investments worth $21.7 billion for aircraft. Boeing, being the largest aircraft manufacturer in the United States, will surely be a significant beneficiary from the budget, which further includes an investment plan of $2 billion for procuring 24 F/A-18E/F aircraft. Such inclusions reflect solid growth prospects for the BDS segment, which, in turn, are likely to boost Boeing's profit margin. Price Movement Boeing's stock has gained 53.4% in the past 12 months compared with the industry 's growth of 25.1%. The outperformance was primarily led by the robust worldwide demand for its commercial aircraft and military jets. Full article: https://www.nasdaq.com/article/boeing-wins-63m-navy-deal-for-fa-ea-18-aircraft-support-cm1032450

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  December 6, 2021 | International, Aerospace

  Egyptian defense expo highlights homemade tech to counter small drones

  The Arab Organization for Industrialization and Benha Electronics each showed off their locally made systems.

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  December 9, 2019 | International, Aerospace

  Germany in talks with Lockheed Martin over ‘fragile’ missile defense program

  By: Sebastian Sprenger COLOGNE, Germany – German defense officials are negotiating with contractors Lockheed Martin and MBDA Deutschland about a bid proposal for a next-generation antimissile program that the government believes is missing crucial components, according to a new defense ministry report. Information about the status of the high-profile TLVS program, short for Taktisches Luftverteidigungssystem, is included in the latest, unclassified portion of a biannual assessment by the defense ministry on the progress of key military acquisition programs. The document constitutes the defense ministry's first public evaluation of the U.S.-German industry consortium's second and final bid, submitted in June. “The analysis of the second offer shows that the proposal still falls short of the government's requirements because key elements and services were not included, some of which had been previously agreed,” the document states. Additionally, some performance requirements, which are left unexplained in the report, were not addressed in the industry bid, it adds. Talks with the companies are ongoing to clarify outstanding issues by the end of 2019, the defense ministry wrote. Overall, the government considers the program to be “fragile” based on a high degree of technological and managerial complexity. That is compared to a more upbeat assessment in the previous report, dated June, which found “significant progress” had been made over the previous six months. The defense ministry did not respond to a request for comment on what elements the Lockheed Martin-MBDA proposal was lacking. A Lockheed spokesman referred questions to the German government, writing in an email, “It is a matter for the German MoD to comment on the content of its latest project report and position relating to TLVS.” The report offers an explanation for why defense officials have been unable to articulate a time table for submitting the multibillion-dollar program to the German parliament for consideration. For one, the government must first wait for a foreign military sales process to play out with the United States over access to key performance data of the Lockheed-made PAC-3 MSE interceptor, the primary missile of the TLVS system. Germany launched the petition for the requisite goods and services in April 2019. In addition, officials are unable to formulate a path for integrating a secondary interceptor into the system, the IRIS-T SL, to be made by Germany's Diehl Defence, officials wrote. That is because the most recent Lockheed-MBDA proposal lacks the detailed interface documentation that would be needed to integrate such an interceptor into TLVS. Without that information, however, officials are unable to solicit a bid from Diehl, according to the report. German officials consider the ability to use IRIS-T missile a must-have for TLVS because those missiles are domestically made and because they are cheaper. Amid the runaway program complexity giving officials headaches, the government still appears to believe in the promise of the TLVS system as a replacement of the country's fleet of Patriot batteries. If it can be made to work, the military expects a “technological advantage” that will position the country as a NATO leader in missile defense, the report states. Officials will make decisions about the way ahead after ongoing talks with industry come to an end, it adds. https://www.defensenews.com/global/europe/2019/12/06/germany-in-talks-with-lockheed-martin-over-fragile-missile-defense-program