January 30, 2024 | International, Naval
A group of lawmakers is asking the White House to create a maritime policy coordinator and invest in the U.S. shipbuilding and shipping industries.
November 2, 2023 | International, Aerospace
Canada's Bombardier reported third-quarter results on Thursday that beat analysts' estimates, helped by robust demand for its pricier business jets and aftermarket services, sending shares up 9% in morning trade.
July 17, 2020 | International, Aerospace
July 16, 2020 - Saab has received an order for Carl-Gustaf® ammunition and AT4 systems from the U.S. Army. The order value is approximately USD 100 million (930 MSEK) and deliveries will take place in 2021. The order was placed within an indefinite delivery and quantity agreement signed in 2019, enabling the customer to place orders for Carl-Gustaf ammunition and AT4 systems during a five-year period to a value of up to USD 445 million. The AT4 systems and the Carl-Gustaf munitions in this order will be operated by the U.S. Army, Marine Corps, and Special Forces Command. “The Saab family of shoulder-fired munitions provides the U.S. Armed Forces with effective capabilities against a wide area of targets. With these systems, soldiers and Marines gain reliable, easy-to-use technology optimized for complex environments and engagements,” says Erik Smith, President and CEO of Saab in the U.S. Since 1987, Saab has delivered more than 600,000 AT4s, both directly and under license, to the U.S. Armed Forces. The Carl-Gustaf system has been a program of record in the U.S. since 2013 and in 2018 the U.S. Army announced it would acquire the latest version of the system – the Carl-Gustaf M4 (designated M3E1 in the U.S.) with a reduced weight of less than 15 pounds (7 kilos). The order was booked in Q2 2020. For further information, please contact: Saab Press Centre, +46 (0)734 180 018, presscentre@saabgroup.com www.saabgroup.com Twitter: @Saab Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers' changing needs. View source version on Saab: https://saabgroup.com/media/news-press/news/2020-07/saab-receives-carl-gustaf-order-from-u.-s.-army/
May 6, 2022 | International, Aerospace, Naval, Land, C4ISR, Security
The Pentagon acknowledges the impacts a record 40-year-high inflationary spiral has had on its defense contract negotiations, in a letter submitted to congressional Republicans who criticized the FY23 budget request for underestimating the inflation rate.