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October 17, 2023 | International, Land, C4ISR

Lockheed beats estimates on sustained weapons demand amid geopolitical tensions | Reuters

U.S. defense contractor Lockheed Martin shares are up 2%after reporting better-than-expected third-quarter revenue and profit on Tuesday, as geopolitical tensions fueled sustained demand for its military equipment.

https://www.reuters.com/business/aerospace-defense/lockheed-revenue-rises-sustained-weapons-demand-amid-geopolitical-tensions-2023-10-17/

On the same subject

  • Navy awards $22.2B contract for nine Virginia-class submarines

    December 4, 2019 | International, Naval

    Navy awards $22.2B contract for nine Virginia-class submarines

    The General Dynamics subsidiary Electric Boat has been awarded a 10-year contract for design and construction of the vessels. By Christen McCurdy Dec. 3 (UPI) -- General Dynamics Electric Boat Corp. has been awarded a $22.2 billion contract modification to build nine Virginia-class submarines for the U.S. Navy. The deal covers the nine vessels of Block 5, eight of which contain the Virginia Payload Module, to be designed and built over the next decade, the Department of Defense announced on Monday. The contract also includes an option for spare materials and an additional submarine to include the VPM, which, if exercised, would push the total value of the deal over $24 billion. Virginia-class submarines are built to conduct anti-submarine warfare, anti-surface-ship warfare, strike warfare and special operations support as well as intelligence, surveillance and reconnaissance. To date, the Navy has 18 Virginia-class submarines, with James Geurts, assistant secretary of the Navy for research, development and acquisition, calling the VPM and other Block 5 design changes "a generational leap in submarine capability for the Navy." "This team developed a Block V multi-year contract which provides significant increases in lethality and performance for the fleet to support the National Defense Strategy while also ensuring we are maximizing the use of taxpayer dollars," Geurts said in a press release. "The multi-year contract also provides the stability needed in this critical industrial base to ensure we can continue to maintain our competitive advantage in undersea warfare while also providing a solid foundation for the Columbia program to build upon." This contract continues a teaming arrangement between Gorton, Conn.-based GDEB and Huntington Ingalls in Newport News. Under the modification, Block V submarines will incorporate improved acoustic design changes and increase Tomahawk strike capacity from 12 to 40 missiles per boat. "Our submarine force is fundamental to the power and reach of our integrated naval force," said acting Secretary of the Navy Thomas B. Modly. "Today's announcement affirms our commitment to the future strength of our nation, undersea and around the world." The first Block 5 Virginia-class submarine is expected for delivery to the Navy in fiscal year 202 https://www.upi.com/Defense-News/2019/12/03/Navy-awards-222B-contract-for-nine-Virginia-class-submarines/3281575400735/

  • SANS Institute 35th Anniversary Complimentary Cyber Bundle ($1700 Value) at Network Security 2024

    August 18, 2024 | International, C4ISR, Security

    SANS Institute 35th Anniversary Complimentary Cyber Bundle ($1700 Value) at Network Security 2024

    Experience the excitement of SANS live training under the dazzling lights of Las Vegas! When you attend in-person, unlock all-access offerings from hands-on workshops, to AI villages, CTFs and more that await you.

  • Here’s a progress update on CAE’s big shore training facility being built for the UAE

    February 19, 2019 | International, Aerospace, Naval

    Here’s a progress update on CAE’s big shore training facility being built for the UAE

    By: David B. Larter ABU DHABI – A large shore training facility designed to facilitate training for United Arab Emirates sailors and watch teams is tracking on its 2020 delivery date, while hitting a few snags along the way, according to the Canadian firm CAE. The facility, which was announced as part of $113 million in contacts with the UAE's general headquarters in 2016, is approaching critical design review and will have systems ready to use by the end of this year, said Ian Bell, CAE's vice president for the Middle East and Asia in a media briefing at the International Defense and Exhibition Conference in Abu Dhabi. “The building is making very good progress, but will probably be a little bit late,” Bell said. “Some of our development has been delayed through data availability. We're at the point where we are getting close to critical design review, and we hope to step the first ready-for-use later this year. But the ready-for-training isn't due until May of 2020.” The contract is estimated to bring in about $450 million over 15 years, according to the 2016 contract announcement. The center is designed to give UAE sailors training from the individual watch stander to whole watch teams training to fight the ship as a unit. It is also designed to link with shore stations, command and control centers and ships at sea to provide training on the go. “It's a whole turnkey solution for everything from individual seaman training to a whole flotilla,” Bell said. “It will be integrated with various ships linked to naval helicopters and command and control so they can also feed as players into the system.” The first bridge simulators for the center are installed at CAE Montreal for testing, Bell said. https://www.defensenews.com/digital-show-dailies/idex/2019/02/18/heres-a-progress-update-on-caes-big-shore-training-facility-being-built-for-the-uae/

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