Kuwait wants to spend over $1.4 billion on Patriot upgrades

On the same subject

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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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  December 1, 2020 | International, C4ISR

  Raytheon and C3.ai announce alliance on artificial intelligence solutions

  Andrew Eversden WASHINGTON — Raytheon's intelligence and space business is partnering with C3.ai, a software company known for its predictive maintenance business with the U.S. Air Force, the companies announced Monday. The alliance between C3.ai and Raytheon Intelligence and Space aims to speed up artificial intelligence adoption across the U.S. military. The partnership will pair Raytheon's expertise in the defense and aerospace sector with C3.ai's artificial intelligence development and applications. “The military and intelligence community have access to more data now than any time in history, but it's more than they're able to make quick use of,” said David Appel, vice president of defense and civil solutions for space and C2 systems under Raytheon Intelligence and Space. “Artificial intelligence can be used to help them make sense of that data, which will allow them to make smarter decisions faster on the battlefield. And that's just one of the benefits.” In recent years, C3.ai has positioned itself as a trusted partner of the Air Force, providing predictive maintenance capabilities for the service's E-3, C-5 Galaxy, F-15, F-16, F-18 and F-35 aircraft. The Pentagon's Silicon Valley arm that helped bridge C3.ai into the Pentagon, the Defense Innovation Unit, estimated that the program could save the service $15 billion annually in maintenance funds if it was scaled to the Defense Department's entire aircraft fleet. In January, DIU awarded a five-year, $95 million contract to C3.ai for predictive maintenance. The alliance between the two companies will also focus on helping the intelligence community. “Raytheon and C3.ai are driven by similar purposes: Anticipating and solving our customers' most difficult problems,” said Thomas Siebel, CEO of C3.ai. “Together, we offer an end-to-end enterprise AI platform and mission-tailored applications that will dramatically reduce cost and risk, accelerate adoption and deployment of AI solutions, and scale the impact of AI across any organization.” In September, the Air Force's rapid sustainment office selected C3.ai's C3 AI Suite platform and C3 AI Readiness product to support predictive maintenance across the service's enterprise. “Raytheon and C3.ai represent key partners for the U.S. Air Force, and specifically the Rapid Sustainment Office, in realizing the vision of harnessing AI to transform the military into a digital organization,” said Nathan Parker, deputy program executive officer for the Air Force Rapid Sustainment Office. “Fulfilling this vision of broad implementation requires identifying applicable use cases for AI across the Air Force, rapidly piloting solutions, and scaling successes across our enterprise to accelerate the transformation.” Also on Monday, C3.ai announced that it will be launching an initial public offering. It expects shares to be valued between $31-$34. https://www.c4isrnet.com/artificial-intelligence/2020/11/30/raytheon-and-c3ai-announce-alliance-on-artificial-intelligence-solutions/

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  August 27, 2019 | International, Land

  Rowan University Project Will Develop Composite Materials Used to Protect Soldiers

  By Kimberly Hoodin Rowan University will lead a $14.5 million Department of Defense/Army Research Lab project to create new composite materials – and ways to process those materials – that will help modernize the Army and improve the safety of soldiers in the field. The project, titled “Advancing Structural Materials for Army Modernization Priorities via Direct-Write Approaches,” will be led by researchers from Rowan University teamed with PPG, Drexel University, Northeastern University and the University of Massachusetts Amherst to create new advanced composite and plastic materials and ways to process them. The project is driven by a cooperative agreement with the U.S. Army Combat Capabilities Development Command Army Research Laboratory. The team will work on developing innovative materials by using “cold-spray” advanced manufacturing technologies. The work will focus on polymers, starting with polystyrene, then move on to more advanced composite materials and systems, as designated by the Army. “The high particle velocity of cold spray enables rapid cure and adhesion of polymers. This should result in the fast and efficient production of high-performance composite parts or repair of parts,” said John La Scala, associate chief the ARL's Materials and Manufacturing Sciences Division and cooperative agreement manager for the research program. “Additionally, this novel manufacturing methodology is a layer-by-layer production of composites, which should reduce void and flaw content. This should improve strength and durability significantly, thereby opening the potential of using this manufacturing technique to prepare composites for extreme conditions, while replacing the current expensive manufacturing methods with a much more economical methodology.” Researchers hope to develop materials to be used for making military equipment stronger and lighter, soldiers more agile and vehicles more durable. Longer-term, the team sees the potential for use of the materials in the fields of civil aviation, automotive, health care and space exploration. “We will work to make materials more quickly, to make them better and easier to repair offsite and, importantly, onsite in the field,” Dr. Joe Stanzione, associate professor of chemical engineering at Rowan University said. “That includes everything from parts for tanks and jeeps, to usable tools, and helmets.” http://compositesmanufacturingmagazine.com/2019/08/rowan-university-project-will-develop-composite-materials-used-to-protect-soldiers/