November 7, 2023 | International, Land
Taser maker Axon raises full year revenue outlook | Reuters
Taser maker Axon Enterprise on Tuesday raised its full-year revenue forecast on strong demand for its software products and newly launched TASER 10.
July 25, 2024 | International, Land
This involves a total value ranged in a low three-digit million-euro range, which will be booked as incoming order at the start of the third quarter of 2024
November 7, 2023 | International, Land
Taser maker Axon Enterprise on Tuesday raised its full-year revenue forecast on strong demand for its software products and newly launched TASER 10.
June 12, 2020 | International, Aerospace
Nathan Strout An early version of the Senate's annual defense bill would provide additional funding for space-based sensors capable of detecting and tracking hypersonic weapons, according to a summary released June 11. However, details on the proposal are scant. Congress has become increasingly concerned over the threat posed by hypersonic weapons under development by China and Russia. Too dim to be reliably picked up by current space-based sensors and able to maneuver around terrestrial sensors, hypersonic weapons make much of the current missile warning system obsolete, as it was designed for ballistic missile threats. To counter this threat, the Defense Department has proposed a solution: a proliferated constellation of satellites operating in low Earth orbit. Once a hypersonic threat is detected, the constellation tracks it while passing custody from satellite to satellite as the weapon moves around the globe. This Hypersonic and Ballistic Tracking Space Sensor, or HBTSS, will be part of the new National Defense Space Architecture, a proliferated constellation that will eventually be made up of hundreds of small satellites operating primarily in low Earth orbit. The Space Development Agency is overseeing this effort and plans to begin placing its first satellites on orbit in fiscal 2022. The Missile Defense Agency listed HBTSS as an unfunded priority during the prior budget cycle, and ultimately Congress did allocate $108 million to the agency for the program in FY20. Now the Senate Armed Services Committee says it will provide additional funding for the program for FY21, but it has yet to say by how much. The summary also does not note where the funding for HBTSS will go. Determining which agency would be in charge of HBTSS was a source of friction between the Pentagon and Congress in 2019, with the latter pushing for MDA to take primary responsibility for the effort, while the White House claimed it was too early to put one agency in charge. Ultimately, legislation passed by Congress in December directed MDA to be the lead agency for the development and deployment of HBTSS. However, the Missile Defense Agency's proposed FY21 budget transfers HBTSS funding responsibility to the Space Development Agency. At the same time, MDA awarded four $20 million contracts to companies to develop HBTSS prototypes in October. The four companies selected were Northrop Grumman, Leidos, Harris Corporation and Raytheon. The SDA recently issued a request for proposals for wide field of view satellites that references medium field of view satellites which are expected to be launched in 2023. According to SDA Director Derek Tournear, those will be the first space components of MDA's HBTSS. Still, it's unclear whether Congress will endorse moving HBTSS funding responsibility to SDA in FY21. When faced with criticism over that move from legislators at a March hearing, MDA Director Vice Adm. Jon Hill assured them that his agency would remain in charge of sensor development for HBTSS, with SDA providing money to MDA for the effort. Hill said the decision to move the funding was made by Under Secretary of Defense for Research and Engineering Michael Griffin SDA is asking for $137 million for space technology development in FY21, which includes funding for space sensor technology. The agency expects to begin placing payloads on orbit in FY22. The budget request does not specifically break out funding for HBTSS. MDA has also asked for $207 million for hypersonic defense. That funding will help the agency develop a regional glide phase weapon system and maturing technologies for future hypersonic defense architectures. It does not include funding specifically for HBTSS, as that has transitioned to SDA. CORRECTION: This story has been corrected to show that the medium field of view satellites are not part of the SDA's wide field of view solicitation. https://www.c4isrnet.com/battlefield-tech/space/2020/06/11/senate-bill-promises-more-funding-for-space-based-hypersonic-defense-but-mum-on-details/
April 29, 2020 | International, Naval
WASHINGTON (Reuters) - The U.S. Navy has paid defense contractors $600 million it had withheld to ensure contract performance, hoping the funds would shore up finances for suppliers ravaged by the coronavirus-driven economic downturn, a Navy official said on Tuesday. The move, which follows a similar action taken by the Air Force that released billions of dollars in payments, is aimed at replacing revenue vital Pentagon suppliers have lost in their non-military businesses as the spreading coronavirus has halted business activity nationwide. “We were immediately able to infuse about $600 million of funds that we had on withholds,” James Geurts, the assistant secretary of the Navy for research, development and acquisition, told reporters on a conference call. A Navy spokesperson said “for example, with the ship repair industry, withholds were reduced to one percent.” The Navy was unable to say whether a portion of the $600 million was withheld due to poor contractor performance. The Department of Defense has also accelerated contract awards as it leverages its portion of the more than $700 billion annual defense budget to help keep suppliers afloat. Geurts wrote a memo on March 24 to his staff directing them to release or reduce the withholds. It did not discuss rectifying the root causes. Government waste watch-dogs criticized the move. “This current emergency shouldn't be an excuse to avoid accountability for poor performance that predated this outbreak,” said Mandy Smithberger, of the Project On Government Oversight in Washington. Earlier this month, Geurts said he had authorized “hundreds of millions” of dollars to be paid out to top suppliers like General Dynamics (GD.N) and Huntington Ingalls Industries (HII.N) which could flow to the supply chain. Representatives from Huntington Ingalls and General Dynamics said the Navy was not withholding money from them for poor performance. While the Navy did not name any companies that received payments, industry sources have said the biggest contractors have been filtering coronavirus-related funds to their suppliers and subcontractors who, because of their smaller size, are on much shakier financial footing. The Navy's multi-layered supply chain is comprised of companies building out President Donald Trump's vision for a 350 ship here Navy. The funding will help pay salaries and ensure hard-to-replace workers are not lost to other industries or early retirement. Geurts has said the Navy is pushing money into the defense industrial base by speeding up contract payments, hastening contract awards and releasing funds withheld for poor past performance. The U.S. Air Force said it would release $882 million in payments to Boeing (BA.N) that were held back due to flaws in the KC-46 air refueling tanker. https://www.reuters.com/article/us-usa-navy-procurement/u-s-navy-pays-contractors-600-million-held-back-to-ensure-performance-idUSKCN22A33L