General Dynamics' revenue rise on defense, but profits hit by bizjet deliveries

On the same subject

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  May 5, 2020 | International, Aerospace

  Northrop, Raytheon team on next-gen interceptor bid

  By: Aaron Mehta WASHINGTON — Northrop Grumman and Raytheon Technologies are teaming up to fight for the right to build America's next missile interceptor, the companies announced Monday. The two companies hope to be one of two teams to be downselected by the Missile Defense Agency later this year, as the Pentagon seeks a replacement for the Redesigned Kill Vehicle program, which was cancelled last August after department officials decided the program was too technically challenged to continue. On April 24, the Pentagon formally issued a request for proposals for the new competition, known as the Next Generation Interceptor. The MDA requested $664.1 million in fiscal year 2021 for the NGI program, as part of a $4.9 billion five-year budget plan. “We have the right team, technology and expertise in place to meet our customer's needs for enhanced capabilities, from the identification of a ballistic missile launched by an adversary, all the way to its elimination,” Blake Larson, corporate vice president and president Northrop Grumman Space Systems, said in a statement. “The joining of true experts — with mastery from threat detection to interception — creates a team capable of developing a revolutionary solution that is designed to defeat emerging threats,” added Wes Kremer, president of Raytheon Missiles & Defense. The two companies have a depth of knowledge of the current missile defense architecture, with the press release claiming one or the other company currently provides “the interceptor booster, kill vehicle, ground systems, fire control and engagement coordination” systems for the Ground-Based Midcourse Defense system. In addition, while the RKV program was led by Boeing, Raytheon was the company actually building the kill vehicle as a sub-contractor. Raytheon Technologies, formed via a merger of Raytheon and United Technologies, began trading on the stock market at the start of April. https://www.defensenews.com/space/2020/05/04/northrop-raytheon-team-on-next-gen-interceptor-bid

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  August 17, 2020 | International, Land

  After months of haggling, Lockheed moves on German air defense bid

  By: Sebastian Sprenger COLOGNE, Germany — Lockheed Martin and MBDA Deutschland have submitted another bid for Germany's next-generation air defense system, following negotiations throughout the summer that some observers said nearly tanked the project. The “updated proposal,” as the companies called it in a joint statement Friday, presumably will find smooth sailing in the Defence Ministry's upcoming analysis. That is because government officials and company executives already went through extensive discussions in the past few months to iron out sticking points left unresolved in previous bids and re-bids. “In the last months we made progress in further detailing the Integrated Master Schedule, relevant specifications as well as performance simulations to de-risk the future contract,” Thomas Gottschild, managing director at MBDA Deutschland, said in the statement. But there are no guarantees, especially when it comes to the famously circuitous Taktisches Luftverteidigungssystem, or TLVS. The program grew out of the now-defunct Medium Extended Air Defense System, which the Pentagon helped fund. Germany wants the weapon to replace its fleet of Patriot batteries. The German Defence Ministry did not immediately respond to a request for comment. The government in Berlin is under the gun to deliver military programs on time and on budget, especially now that the ministry wants to keep up defense spending despite the economic blow of the coronavirus pandemic. As a result, officials want to place greater financial liability on the contractors in case things go awry. That approach is infused throughout the TLVS contractual categories of “risk” and “terms and conditions,” industry officials previously said, though details are under strict wraps. Executives previously argued the proposed risk distribution is unsuitable for a development-heavy program like TLVS, making Lockheed especially wary of pursuing the deal after all. At the same time, the American defense giant finally needs to sell the program to a government customer if it wants the advertised revolution in missile defense equipment to actually happen. The envisioned weapon will feature a 360-degree sensing and shooting capability, which means operators no longer need to anticipate from which direction aerial threats will likely approach, as was the case with the sectored Patriot system. “TLVS will transform Germany's defense capabilities and set an important precedent in how neighboring nations address persistent global threats for years to come,” Lockheed and MBDA claimed in their joint statement. The German parliament, currently in recess, will have to approve the government's acquisition plan for TLVS — that is, if the industry consortium's newest submission makes the ministry's cut. https://www.defensenews.com/industry/2020/08/14/after-months-of-haggling-lockheed-moves-on-german-air-defense-bid/

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  March 7, 2024 | International, Land

  State of Canadian Armed Forces' combat readiness growing worse, government report warns | CBC News

  Only 58 per cent of the Canadian Armed Forces would be able to respond if called upon in a crisis by NATO allies right now — and almost half of the military's equipment is considered "unavailable and unserviceable" — says a recent internal Department of National Defence presentation obtained by CBC News.