Deadlines for B-21 Raider and ARCYBER

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  June 19, 2019 | International, Other Defence

  Engility, an SAIC Subsidiary, Selected for $106 Million Defense Intelligence Agency Contract

  RESTON, Va.--(BUSINESS WIRE)--The Defense Intelligence Agency's National Media Exploitation Center awarded Engility Corp, a subsidiary of Science Applications International Corp. (NYSE: SAIC), a single-award, indefinite-delivery, indefinite-quantity contract worth potentially $106 million. As part of the new contract, SAIC will continue to provide media management and analysis work, and will expand these services to include all of the DIA Science and Technology Directorate. “Partnering with the DIA is a privilege we take seriously,” said Michael LaRouche, executive vice president and general manager of SAIC's National Security Customer Group. “Expanding our services to the entire Science and Technology Directorate offers our team of intelligence and data analytics experts a great opportunity to bring value and technological innovation to even more missions.” The IDIQ carries a potential 10-year period of performance. The contract supports NMEC's training, document and media management, program support, and related intelligence operations. The team assists NMEC with document and media exploitation processes like data acquisition, ingest, processing, reporting, and timely dissemination to ensure the chain of command is immediately informed of any changes or developments based on media gathered by the U.S. military and intelligence community. The contract award comes on the heels of SAIC's $2.5 billion acquisition of Engility, completed in January 2019, as part of its strategy to expand its intelligence community portfolio. About SAIC SAIC® is a premier technology integrator solving our nation's most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions. We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom. Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management's Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC's website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC's expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others. https://www.businesswire.com/news/home/20190619005487/en

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  October 1, 2023 | International, Naval, Security

  Specialists to arrive in Ukraine to plan air defence production, presidential aide says | Reuters

  Specialists will arrive in Ukraine in the near future to draw up plans to establish production of military equipment including air defences, the Ukrainian president's chief of staff told reporters on Friday.

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  November 13, 2020 | International, Aerospace

  South Korea’s KAI looks to enter military transport market

  By: Brian Kim SEOUL — Korea Aerospace Industries is considering adding military transport planes to its product line with the goal of partnering with foreign aircraft manufacturers, Defense News has learned. This would be an “unexplored business field” for the South Korean company, according to a source with KAI, who spoke on condition of anonymity. “For KAI, the transport aircraft market is an unexplored field, which has high potential for localization,” the source said. “The technology intensity of transport aircraft is lower than that of fighter jets, while the market of maintenance, repair and overhaul of transport planes remains profitable.” Founded in 1999, KAI has developed a successful portfolio of indigenous aerospace products including trainer jets, helicopters, fighter aircraft and satellites. The development of an indigenous fighter aircraft, codenamed KF-X, is underway with a goal of unveiling a prototype in the first half of 2021. KAI's internal analysis of the domestic transport aircraft market suggested about 100 transport aircraft would be in demand over the next three decades given the life span of aircraft flown by the military, the source told Defense News. In addition, the company believes there will be a chance to sell about 100 airlift planes overseas, the source explained. “To keep up with the demand for addressing increasing nonmilitary threats, such as national disaster, infectious disease and humanitarian aid, the needs for military transport airplanes are likely to grow,” the source added. The South Korean military operates about 60 transport aircraft built by foreign firms. The Air Force operates C-130s and CN-235s, mainly for airlift operations, while the Navy has P-3Cs and P-8As for maritime patrol missions. The oldest planes among the P-3C fleet were adopted 25 years ago. In line with efforts to take back wartime control of its forces from the U.S. military, South Korean military authorities want to acquire more aerial assets for independent intelligence, reconnaissance and surveillance missions. KAI expects it will be able to build its own transport aircraft in seven years with an investment of about $2.7 billion, according to the source. Following the development of a military version, the company envisages it could modify it into a commercial plane with a seat capacity of 100. To that end, KAI is eyeing international partnerships, the source said, specifically European company Airbus Defence and Space, Ukraine's Antonov, and Brazil's Embraer. https://www.defensenews.com/industry/2020/11/12/south-koreas-kai-looks-to-enter-military-transport-market/