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January 15, 2019 | International, Aerospace, Naval, Land, C4ISR, Security

Japan Details 2019-23 Defense Plan Costs

SYDNEY—Nine Northrop Grumman E-2D Hawkeye airborne early warning aircraft that Japan plans to buy over the coming five fiscal years will cost an average of ¥26.2 billion ($242 million) each, the defense ministry estimates.

The figure compares with the $223 million that the U.S. Navy paid for each of five E-2Ds ordered in fiscal 2018.

Four Boeing KC-46A Pegasus tankers will cost an average of ¥24.9 billion ($229 million) each, the ministry said in a document summarizing the expense of equipment included in an acquisition plan for fiscal 2019-23. The U.S. Air Force is paying a unit price of $201 million for Pegasus tankers in fiscal 2019.

Full article: http://aviationweek.com/defense/japan-details-2019-23-defense-plan-costs

On the same subject

  • BAE Systems wins $30M in naval IT contracts

    November 13, 2020 | International, Naval

    BAE Systems wins $30M in naval IT contracts

    Andrew Eversden WASHINGTON — BAE Systems was awarded two task order contracts to provide and integrate an information warfare platform aboard five U.S. Navy vessels, the company announced Nov. 11. Under the two task orders, worth more than $30 million, BAE will integrate the platforms into the Navy's Consolidated Afloat Network Enterprise Services — the Navy's tactical afloat network. "These two task orders permit us to continue our high-quality, high volume production and integration service, assembling and delivering CANES to the Navy safely and affordably,” Mark Keeler, vice president and general manager of BAE Systems' Integrated Defense Solutions business, said in a statement. “CANES takes advantage of commercial-off-the-shelf insertion, which brings operational agility to the warfighter and savings to the U.S. Navy.” Under the first task order, BAE will produce two fully integrated CANES racks for two Blue Ridge-class command ships, according to the release. That work is expected to be completed by February 2022. The company will provide the same services for two Arleigh Burke-class destroyers and a Virginia-class submarine under the second task order, expected to be completed by March 2022. Work will be performed at the BAE Systems facility in Summerville, South Carolina. Naval Information Warfare Systems Command in San Diego, California, awarded the contracts. BAE Systems also announced earlier this week that it won a five-year, $94 million indefinite delivery, indefinite quantity contract to deliver engineering, test and evaluation support for sensors, in addition to communication, control, and weapons systems for manned and unmanned air platforms. The contract was awarded by the Naval Air Warfare Center Aircraft Division. "We are bringing new advanced technologies such as artificial intelligence and autonomy to the Airborne Systems Integration Division,” Keeler said in a news release. “Our state-of-the-art digital engineering capabilities, and extensive experience in integrating airborne systems are further strengthening the warfighter's ability to meet mission requirements and ensuring combat readiness in the field.” https://www.c4isrnet.com/battlefield-tech/it-networks/2020/11/12/bae-systems-wins-several-naval-it-contracts/

  • SAIC to buy rival government services contractor Engility for $1.5 billion

    September 11, 2018 | International, C4ISR

    SAIC to buy rival government services contractor Engility for $1.5 billion

    WASHINGTON (Reuters) - Science Applications International Corp (SAIC) (SAIC.N) said on Monday it will acquire Engility Holdings Inc (EGL.N) for $1.5 billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor. The acquisition is the latest example of how increased defense spending under President Donald Trump and the Republican-led Congress is driving contractors to pursue mergers so they have more scale to bid on bigger projects, spanning everything from outdated computer systems to space exploration. Engility shareholders will receive $40.44 in SAIC stock for each of their shares, an 11.5 percent premium to Engility's closing price of $36.24 on Friday, the companies said. SAIC will assume $900 million in Engility debt, giving the deal a total value of about $2.5 billion. On completion of the deal early next year, SAIC's board will expand to 11 seats from nine, and SAIC shareholders will own about 72 percent of the combined company. Engility, based in Chantilly, Virginia, provides skilled personnel to the U.S. departments of defense, homeland security and justice, among others. The acquisition will boost SAIC's offerings to its space customers and expand its customer base in the intelligence community, SAIC Chief Executive Tony Moraco said in an interview. The increased U.S. defense budget and a two-year budget deal reached earlier this year that lifted caps on defense spending also emboldened SAIC to pursue the deal, Moraco added. Full article: https://www.reuters.com/article/us-engilityholdings-m-a-saic/saic-to-buy-rival-government-services-contractor-engility-for-1-5-billion-idUSKCN1LQ1CG

  • Iridium's first-quarter results surpass expectations

    May 2, 2022 | International, Aerospace

    Iridium's first-quarter results surpass expectations

    The satellite phone company posted revenue of $168.2 million in the period.

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