Contracts for August 31, 2021

On the same subject

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  January 22, 2019 | International, Land

  Rheinmetall and BAE Systems to create a UK based Land Systems Joint Venture

  Rheinmetall and BAE Systems today announced that they have signed an agreement to create a joint UK based military vehicle design, manufacturing and support business. The new Joint Venture will be headquartered at BAE Systems' facility in Telford, England and will sustain over 400 jobs in the UK, as well as preserve key technology and engineering skills. Rheinmetall will purchase a 55% stake in the existing BAE Systems UK based combat vehicles business, with BAE Systems retaining 45%. The establishment of the new Joint Venture is subject to regulatory approvals which are anticipated to be completed in the first half of 2019. Once the approvals have been completed, the Joint Venture will be known as Rheinmetall BAE Systems Land (RBSL). In addition to managing and growing the existing combat vehicle support business, the intent is for the new Joint Venture to play a major role in the delivery of the British Army's new Mechanised Infantry Vehicle (MIV) and other strategic combat vehicles programmes. The combination of Rheinmetall's military vehicles technology and products with the additional capabilities and products brought to the Joint Venture by BAE Systems, such as Trojan, Terrier, Warrior, military bridging and the AS90 self-propelled artillery system will create a European market leader in the military vehicle sector. RBSL will have the potential to create hundreds of additional UK jobs, both in Telford and the wider supply chain. While initially focused on these major UK programmes, RBSL will also form an integral part of Rheinmetall's Vehicle Systems Division and will participate in and contribute to various global military vehicle pursuits and contracts. Jennifer Osbaldestin, Managing Director of BAE Systems Land UK business, said: “We are committed to evolving our combat vehicles business so that we better serve our customers' future interests. Joining forces with Rheinmetall in the UK provides renewed purpose for our vehicles business and allows us to deliver products, services and technology that help land forces excel in their vital roles. We look forward to working together to ensure the Joint Venture is a trusted supplier to the British Army and our international customers.” Ben Hudson, Global Head of Rheinmetall's Vehicle Systems Division, said: “We are excited about the potential the new Joint Venture holds for Rheinmetall, BAE Systems and ultimately our customers. The combined capabilities of our two great companies will offer our customers a comprehensive portfolio of military vehicles and associated technologies both now and into the future. We are proud to invest in the UK and expect to substantially grow the current business and the Telford manufacturing facility over the coming years.” https://www.baesystems.com/en/article/rheinmetall-and-bae-systems-to-create-a-uk-based-land-systems-joint-venture

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  July 8, 2020 | International, Aerospace, Naval

  House Appropriators Add 12 F-35s, Boost Weapons Spending, But…

  "To us, it means that there is going to be much more tension and debate over future modernization programs as flat investment will not enable DoD to recapitalize in a timely and militarily relevant pace," says defense analyst Byron Callan. By COLIN CLARKon July 07, 2020 at 7:38 PM WASHINGTON: House appropriators made their first cut at the annual defense spending bill today, approving spending $3.5 billion below the Trump Administration's request — although lawmakers added a substantial $4.1 billion for several weapons systems, including 12 additional F-35s. Overall, the House Appropriations Committee trimmed $3.5 billion from the Trump Administration's 2021 budget request while still fully paying for a 3% pay raise and force structure increases to all but the Marines, who will lose 2,100 people. The appropriators approval of an increase in F-35 buys makes it unlikely the House Armed Services Committee's skepticism of the Joint Strike Fighter program will prevail. The HASC added no more planes above the administration request for 79 aircraft of all three models and docked at least a score of supporting line items by a total of $561 million. By contrast the SASC added $1.36 billion to buy more Air Force F-35As, Marine F-35Bs, and Navy F-35Cs, plus spare parts. In other bump ups, the HAC funds 11 V-22 aircraft, adding $1.1 billion to buy two more than the request. It also adds three P-8A Poseidon aircraft for the Navy Reserve, three more than the request for an additional $510 million. And echoing the House authorizing committee's support, the HAC added 16 MQ-9 Reaper unmanned aerial vehicles to the Pentagon request, for a cost of $344 million. But making sense of the HAC-D bill is difficult because it's not yet clear what and where they've cut, as veteran defense stock analyst Byron Callan notes. It all gets complicated by the CARES Act and adjustments to contracts that have been made. Overall, Callan says, it looks as if fiscal 2020 — last year — may have been the peak of whatever Trump defense boost there has been. But it's all uncertain. “Absent the pandemic budget impacts, however, the markups so far suggest that FY20 was a peak for DoD investment. This does not mean investment is at the peak and headed fast downhill in FY21 and beyond,” Callan writes. “To us, it means that there is going to be much more tension and debate over future modernization programs as flat investment will not enable DoD to recapitalize in a timely and militarily relevant pace.” https://breakingdefense.com/2020/07/house-appropriators-add-12-f-35s-boost-weapons-spending-but/

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  April 20, 2023 | International, C4ISR

  L3Harris awarded $145 Million contract to modernize US Space domain awareness capabilities

  The $145 million contract from the U.S. Space Force continues the modernization and sustainment of critical space infrastructure enabling the Space Force core competency of Space Domain Awareness