November 17, 2022 | International, C4ISR
Accrete wins contract from Pentagon for AI threat detection software
Argus uses artificial intelligence to read, understand and learn from unstructured data to spot bad actors.
April 27, 2020 | International, Aerospace
Boeing ends deal, angering Brazilian jet maker Embraer
By: The Associated Press
CHICAGO — Boeing announced Saturday it terminated an agreement to join forces with Embraer, prompting an angry response from the Brazilian jet maker, which threatened to seek damages.
The pair had planned to work together on Embraer's commercial aviation business and to develop new markets for its C-390 Millennium aircraft. They had been working toward an agreement for two years.
Boeing said it ended the agreement after Embraer did not meet conditions laid out by the deal, in which Boeing would have held majority ownership. Over the past few months, the companies had “productive but ultimately unsuccessful negotiations” about the unsatisfied conditions, which was “deeply disappointing,” Marc Allen, Boeing's president of Embraer partnership and group operations, said in a news release.
Embraer issued a statement saying it “believes strongly that Boeing has wrongfully terminated” the mutual transaction agreement and “that it has manufactured false claims as a pretext to seek to avoid its commitments to close the transaction and pay Embraer the US$4.2 billion purchase price.”
“We believe Boeing has engaged in a systematic pattern of delay and repeated violations of the MTA (master transaction agreement), because of its unwillingness to complete the transaction in light of its own financial condition and 737 Max and other business and reputational problems,” it added.
“Embraer will pursue all remedies against Boeing for the damages incurred by Embraer as a result of Boeing's wrongful termination and violation of the MTA,” the company said.
The collapse marked the latest mishap for Boeing. The company's best-selling plane, the 737 Max, has been grounded for more than a year after two deadly crashes that led to federal investigations. Those problems, combined with deflated demand for flights due to the pandemic, sharply reduced the company's cash.
https://www.defensenews.com/air/2020/04/26/boeing-ends-deal-angering-brazilian-jet-maker-embraer/
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April 6, 2020 | International, Aerospace
Boeing to get $882M in withheld KC-46 funds back for COVID-19
By: Valerie Insinna WASHINGTON — The U.S. Air Force will release $882 million to Boeing that it had retained due to ongoing technical problems involving the KC-46 tanker, the service announced Thursday. The move is meant to help the company make ends meet during the novel coronavirus pandemic. “This agreement provides Boeing $882M of withheld payments for previous non-compliance in 33 KC-46 deliveries,” the service said in a statement. “This withhold release is in line with Department of the Air Force and Department of Defense policies to maximize cash flow, where prudent, to combat coronavirus impacts on the industry base." When the U.S. Air Force agreed to take delivery of the first KC-46 tanker in January 2019, it made clear to Boeing that it still maintained a significant piece of financial leverage. The service could withhold a maximum of $28 million every time a new KC-46 was delivered — about 20 percent of the total sum due to Boeing. Air Force officials said they would hold back those funds until they saw measurable progress in fixing technical deficiencies, particularly the tanker's troubled Remote Vision System. By January, when Boeing had delivered 30 planes, the service had withheld about $800 million, according to Defense One. The Air Force and Boeing on Thursday announced a final agreement to fix the RVS, the imaging system used by boom operators to see the position of the receiver aircraft and the movements of the boom itself. According to the deal, Boeing will pay for both incremental fixes to current RVS software and hardware, as well as a complete redesign of the system with new cameras, processors and computers. Speaking with reporters about the decision on Thursday, Air Force acquisition executive Will Roper stressed that the service will be able to re-enact the cost penalties if Boeing's performance begins to slip. However, the service wanted to ensure that Boeing has the funding it needs to begin the RVS redesign, which it is calling RVS 2.0. “Have we given up our leverage? No, I think we've used it well," he said. “Part of what we committed to Boeing is to do an expedited review over the next 120 days for the 159 outstanding noncompliances. Boeing asserts that they have addressed those noncompliances, and we are going to review those quickly. We will not instate withholds over the 120 period, but if we put that some of the corrections that have been put in place don't make our requirement, then we will start withholds again.” As the largest maker of commercial planes in the United States, Boeing has been hit particularly hard by the COVID-19 pandemic, which has spurred travel restrictions and called into question commercial airlines' ability to pay for Boeing aircraft already on order. Meanwhile, Boeing announced last week that it would shutter operations for two weeks at its facilities in the Seattle, Washington, area due to the high number of COVID-19 cases in the state. Those production operations include the manufacturing of the KC-46 at Everett and the P-8 submarine-hunting plane in Renton. The Air Force intends to buy 179 tankers over the KC-46 program of record. https://www.defensenews.com/air/2020/04/02/boeing-to-get-882m-in-withheld-kc-46-funds-back-for-covid-19
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July 16, 2020 | International, Aerospace, Naval, Land, C4ISR, Security
House defense spending bill would give the MQ-9 Reaper drone a second life
By: Valerie Insinna WASHINGTON —The House Appropriations Committee is aiming to resuscitate the MQ-9 Reaper program, which the Air Force wants to curtail in fiscal 2021. The committee's version of the FY21 spending bill, which its defense subcommittee will deliberate Wednesday in a closed hearing, would allocate $344 million for 16 MQ-9 Reaper drones. The language is a good sign for the aircraft's manufacturer, General Atomics, which stood to lose hundreds of millions of dollars in sales if the Air Force stopped buying the aircraft. The service in FY20 had planned to buy nine MQ-9s in FY21, 17 in FY22, two in FY23 and three in FY24, but zeroed out all plans to buy additional Reaper drones as part of its FY21 budget request. However, the Reaper isn't home free just yet. The Senate Appropriations Committee has yet to unveil its own version of the legislation, leaving it unclear whether the Senate will concur with the House committee's spending bill. The MQ-9 wasn't the only aircraft program to get a boost from House appropriators. The committee added 12 more F-35s to the budget, for a total of 91 jets and $9.3 billion. The lawmakers are also planning to authorize $965 million for 11 C-130J aircraft — an increase of two planes — and they boosted the number of V-22 Ospreys tilt-rotor aircraft from nine to 11. The bill also beefs up the investment for the UH-60 Black Hawk with an additional $141 million, funding a total of 42 helicopters. The legislation funds three P-8A Poseidon submarine-hunting planes for the Navy Reserve force. Those aircraft were not originally included in the budget. The Navy would get an additional E-2D Advanced Hawkeye, for a total of five planes costing $791 million. The committee also approved $1 billion for nine CH-53K helicopters, two more than the request. Additionally, the legislation would allow U.S. Special Operations Command to begin its Armed Overwatch Program, but the bill summary did not state how much funding would be allotted in FY21. The House committee fully funded most other major military aircraft programs, including money for 50 AH-64 Apache attack helicopters, five CH-47 Chinook Block II cargo helicopters and long-lead funding for additional Chinooks for the Army. The Air Force would get 12 F-15EX fighters, 15 KC-46 tankers and 19 HH-60W combat rescue helicopters. Meanwhile, the Navy's request of 24 F/A-18E/F Super Hornets was also fully funded by the committee. https://www.defensenews.com/air/2020/07/08/house-defense-spending-bill-would-give-the-mq-9-reaper-drone-a-second-life