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August 24, 2022 | International, Land

BAE Systems wins US Army deal for Cold Weather All-Terrain Vehicle

BAE Systems will build the Army's new Cold-Weather All-Terrain Vehicle, meant to replace aging vehicles as the service beefs up its Arctic focus.

https://www.defensenews.com/land/2022/08/23/bae-systems-wins-us-army-deal-for-cold-weather-all-terrain-vehicle/

On the same subject

  • Next-gen Combat Aircraft Development Gains Momentum

    January 23, 2019 | International, Aerospace

    Next-gen Combat Aircraft Development Gains Momentum

    Graham Warwick | Aviation Week & Space Technology The UK launched its £2 billion ($2.5 billion) Future Combat Air System Technology Initiative in 2018. Team Tempest—the UK Defense Ministry, Royal Air Force, BAE Systems, MBDA, Rolls-Royce and Leonardo—is also in talks with Sweden and Saab about joining the program. The team was to present its strategic outline business case at the end of 2018. The FCAS main-gate procurement decision is set for 2025 and service entry targeted for 2035. http://aviationweek.com/defense/next-gen-combat-aircraft-development-gains-momentum

  • New US Space Force jammers aim to disrupt China’s SATCOM signals

    December 19, 2024 | International, Aerospace

    New US Space Force jammers aim to disrupt China’s SATCOM signals

    The Remote Modular Terminals, which disrupt adversary satellites by "yelling in their ear," as one official put it, are cleared for initial fielding,

  • Financial pressures on Boeing’s commercial biz results in another $155M charge for the KC-46 tanker

    July 30, 2020 | International, Aerospace

    Financial pressures on Boeing’s commercial biz results in another $155M charge for the KC-46 tanker

    By: Valerie Insinna WASHINGTON — Boeing must pay another $151 million out of its own pocket for the KC-46 program, but this time the charge isn't associated with technical problems that have plagued the tanker's development. While Boeing announced its second-quarter earnings Wednesday, it said the KC-46 charge was “primarily driven by additional fixed-cost allocation resulting from lower commercial airplane production volume due to COVID-19.” In short, because Boeing's commercial plane production has slowed down, it's costing more to produce the KC-46, a derivative of the Boeing 767 airliner that is manufactured on the 767 production line in Everett, Washington, and converted into a military tanker. Greg Smith, Boeing's chief financial officer, said with the ramp down of production on some commercial airliners, certain fixed costs have been transferred to other programs. “That's essentially what took place with tanker,” he told reporters during a media roundtable. “It was notable on tanker because of the margin that we're booking on, and therefore turned it into a reach-forward loss. There was impact on some of the other [commercial derivative] programs, but it was not really material at all.” Boeing is locked into paying any costs associated with the KC-46 that exceed the $4.9 billion firm fixed-price ceiling on its 2011 contract with the U.S. Air Force. The latest charge means Boeing will have spent more than $4.7 billion in company funds on the KC-46 program — almost equivalent to the Air Force's own investment in the program. But Smith pointed to the lack of performance-related losses for the KC-46 this quarter as a sign that the program is progressing. “We've still got a lot of work to do, but [we're] making good progress,” he said. Despite the tanker charge, Boeing's earnings for its defense and space sector were a bright spot for the company, which continues to grapple with financial distress caused by the coronavirus pandemic's impact on the travel industry and the ongoing grounding of the 737 Max. Boeing Defense, Space & Security logged $7 billion in new orders this quarter, including an award for three additional MQ-25 tanker drones for the U.S. Navy and 24 AH-64E Apache helicopters for Morocco. During a call with investors, Boeing CEO Dave Calhoun said the defense market remains healthy and that recent contracts “underscore the strength of our offerings.” https://www.defensenews.com/industry/2020/07/29/financial-pressures-on-boeings-commercial-biz-results-in-another-155m-charge-for-the-kc-46-tanker/

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