Belgium Contracts 322 Joint Light Tactical Vehicles (JLTV) from Oshkosh Defense

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  December 17, 2020 | International, Land

  Oshkosh agrees to buy Pratt Miller for $115M

  By: Jen Judson WASHINGTON — Joint Light Tactical Vehicle-maker Oshkosh Defense announced it has agreed to buy engineering company Pratt Miller, which brings with it artificial intelligence, autonomy and robotics expertise. Oshkosh said in a Dec. 15 news release that it has entered into a definitive agreement to acquire Pratt Miller in a cash-free, debt-free purchase price of $115 million. The New Hudson, Michigan-based Pratt Miller will keep its name, team, facilities and branding, according to the statement. The engineering company was founded in 1989 and is becoming known for its robotics capabilities. The firm recently won a U.S. Army contract in a partnership with QinetiQ to provide prototypes of the light variant of its Robotic Combat Vehicle for evaluation. Pratt Miller also won a contract to develop a design to integrate a new weapon system onto a Stryker combat vehicle under the Stryker Medium Caliber Weapons System lethality program. It is partnered with Rafael in the competition in which government testing of offerings is ongoing. The Israeli government recently expressed enthusiastic interest in mating Oshkosh vehicles with Rafael's Iron Dome missile defense system. In addition, Pratt Miller was one of six companies chosen by Army Futures Command to work on ways to improve the currently cumbersome, taxing and sometimes risky munitions resupply system for field artillery units operating M109 Paladin howitzers. “Pratt Miller has made significant advances in dynamic growth areas such as artificial intelligence, robotics, autonomous and connected systems and electrification,” which puts Oshkosh more into the robotics game than ever before. “We believe combining Pratt Miller's engineering expertise with Oshkosh's innovation and operational strengths will enable us to better serve customers and position our Company for growth,” John Pfeifer, Oshkosh Corporation president and chief operating officer, said in the statement. “Pratt Miller's motorsports heritage has created a culture of speed and agility that has defined our success,” added Matt Carroll, the company's CEO. “Oshkosh is an ideal partner for us to apply that mindset to some of the most significant challenges facing customers today. Together, we expect to grow our decade-long partnership and expand our pipeline of new business opportunities. We look forward to learning from one another and continuing to innovate to bring market-leading products to our customers.” The buy, which is subject to customary closing conditions, should be complete in the first quarter of calendar year 2021, the statement noted. The acquisition also could give Oshkosh more leverage in competitions like JLTV re-compete effort which has recently kicked off and the Optionally Manned Fighting Vehicle program to replace the Bradley Infantry Fighting Vehicle. A request for proposals for the OMFV program is expected to drop by the end of the week. https://www.defensenews.com/land/2020/12/15/oshkosh-buys-pratt-miller-for-115m/

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  November 7, 2022 | International, Aerospace

  BAE Systems Australia to expand F-35 precinct

  The Deed, valued at more than $100 million, will enable BAE Systems to meet projected service and maintenance demand for the Royal Australian Air Force’s F-35 Lightning II fleet

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  August 3, 2018 | International, Naval

  Coast Guard Commandant Schultz Optimistic Congress Will Fund New Heavy Icebreaker Program

  By: Ben Werner WASHINGTON, D.C. – Fiscal Year 2019 money for a Coast Guard heavy polar icebreaker is frozen on Capitol Hill, but the service's commandant is optimistic the project will ultimately be funded. The Senate's Fiscal Year 2019 Department of Homeland Security appropriations bill includes $750 million for the heavy icebreaker but the House version zeroed-out the heavy icebreaker money for the year to make additional funds available for building a barrier along the U.S. southern border. The department's border wall budget request was for $1.6 billion, but House appropriators recommended spending $5 billion on border security infrastructure, according to the Homeland Security Funding bill approved last week by the House appropriations committee. However, there is still time to make the case for restoring polar icebreaker funding, Adm. Karl Schultz, the new Coast Guard commandant, said on Wednesday at a Maritime Security dialogue hosted by the U.S. Naval Institute at the Center for Strategic and International Studies. “The Senate marked up their version of the project and the $750 million (for a heavy icebreaker) was still in. That bill has to be conferenced,” Schultz said, referring to the process where members of both the Senate and House iron out differences in their appropriations bills before each chamber votes on the new unified version. The process is long and because of some of the contentiousness surrounding funding for Department of Homeland Security programs, Schultz said there's a strong chance a final bill will not be considered until after the fall midterm elections. Along with overseeing the Coast Guard, DHS is in charge of several agencies governing immigration, customs and border control. Building a heavy polar icebreaker has strong support inside the Trump administration, Schultz said. His superiors – both the secretary of Homeland Security and President Trump – support the project. Trump even mentioned the project during his remarks at the June 1 change of command when Schultz took charge of the Coast Guard. Full article: https://news.usni.org/2018/08/01/35453