August 14, 2020 | International, Aerospace
COLOGNE, Germany – The Hungarian and U.S. governments have announced a $1 billion deal to equip the European country with new air-defense weaponry.
The sale includes the Raytheon-made Advanced Medium-Range Air-to-Air Missile-Extended Range missile, of which Hungary requested some 60 copies in May through the U.S. Foreign Military Sales program. According to the Defense Security Cooperation Agency, that portion of the deal is worth $230 million.
Another transaction type, called a Direct Commercial Sale, accounts for the rest of the money, according to a statement posted on the website of the U.S. Embassy in Budapest. Such sales are negotiated privately between customer countries and American defense contractors, meaning the U.S. government has little involvement besides approving an export license.
Exactly what the DCS portion of the deal entails is unclear, though the embassy statement and Hungarian media note that all the equipment would go toward replacing the country's Soviet-era gear with the NASAMS short- and medium-range air-defense system made by Norway's Kongsberg. Raytheon's AMRAAM-ER missiles are the interceptors in that configuration.
U.S. Ambassador David Cornstein, a New York businessman and admirer of Hungarian Prime Minister Victor Orban's policies, and Hungarian Defense Minister Tibor Benkő lauded the weapons deal Wednesday.
“We commend the Hungarian government's strong commitment to continue modernizing Hungary's military through the acquisition of the world's most advanced mid-range air defense system, which will enhance Hungary's ability to provide collective and self-defense,” the statement reads.
EU member Hungary, with its far-right government, is under pressure from other members of the bloc for what they say is a steady slide toward anti-democratic rule.
The country has been on a military spending spree lately, with Germany's Krauss-Maffei Wegmann in line to supply dozens of Leopard-2 tanks.
June 6, 2024 | International, Aerospace
The accelerator program targets small and medium-sized enterprises (SMEs) and startups, fostering the development of dual-use and defense applications.
June 7, 2019 | International, Aerospace
NEW YORK--(BUSINESS WIRE)--Jun. 6, 2019-- L3 Technologies (NYSE:LLL) announced today that it has been competitively awarded the $499 million U.S. Air Force C-130H Avionics Modernization Program Increment 2 (AMP INC 2). Under the contract, L3 will design, produce and certify a state-of-the-art modernization solution for a fleet of 176 Air National Guard and Air Force Reserve C-130H aircraft to improve aircraft availability, reliability and sustainability while significantly reducing life-cycle costs. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190606005185/en/ L3's avionics and Communications, Navigation, Surveillance/Air Traffic Management (CNS/ATM) upgrade solutions are fully certified for airworthiness and CNS/ATM compliance, and are flying today with U.S. and international customers. (Photo: Business Wire) “L3 is committed to delivering innovative, cost-effective solutions to ensure mission readiness in support of the U.S. Air Force's modernization strategy,” said Christopher E. Kubasik, L3's Chairman, Chief Executive Officer and President. “We are focused on providing an agile and low-risk approach to modernizing the Air Force's diverse fleet of C-130s, enabling these assets to operate well into the future.” Modernization solutions will include integration of a commercial off-the-shelf avionics suite, as well as L3's training integration and services. Development, initial- and full-rate production will take place at L3's facility in Waco, Texas, on multiple C-130H variants, including the C-130H1, C-130H2, C-130H2.5, C-130H3 and LC-130H. “L3's aircraft modernization and modification capabilities are world-class,” said Jeff Miller, L3's Senior Vice President and President of its ISR Systems segment, which includes the Waco facility where work on the AMP will be centered. “Our skilled workforce and our unique 1.25-million-square-foot facility in Waco will provide differentiated capabilities for C-130H fleet longevity.” L3 has more than 65 years of experience as an aircraft systems integrator, including modernizing avionics for C-130 aircraft in the U.S. Air Force fleet and for international allies. The company's tailored C-130 solutions feature a modern cockpit and open-architecture solutions that integrate avionics from leading providers, and are fully certified for airworthiness and Communications, Navigation, Surveillance/Air Traffic Management (CNS/ATM) compliance. L3's aircraft modernization and modification facilities are capable of retrofit, modernization and production for both fixed- and rotary-wing aircraft, delivering a broad range of aerospace modification and integration solutions to keep international military, head-of-state, government and commercial customers safe and mission-ready. L3 supports aircraft of all types, sizes and missions, with industry-leading capability to provide complex aircraft conversions; maritime, ISR, command and control, and airborne systems missionization; depot fleet maintenance and modification; and highly customized design, integration and certification of mission subsystems and interiors. With headquarters in New York City and approximately 31,000 employees worldwide, L3 develops advanced defense technologies and commercial solutions in pilot training, aviation security, night vision and EO/IR, weapons, maritime systems and space. The company reported 2018 sales of $10.2 billion. To learn more about L3, please visit the company's website at www.L3T.com. L3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L3 is routinely posted on the company's website and is readily accessible. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-Looking Statements included in the company's recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements. https://www.l3t.com/press-release/l3-modernize-avionics-us-air-force-c-130hs
February 15, 2024 | International, Naval
U.S. Pacific Fleet head Adm. Samuel Paparo announced the new unit at the West 2024 conference in San Diego.