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November 21, 2022 | International, Aerospace, Naval, Land, C4ISR

NATO allies may lift target to spend 2% of output on defence - Stoltenberg

NATO allies may decide to aim to spend more on defence than their current target of 2% of national output when they meet for their next summit in Vilnius in July 2023, the chief of the alliance said on Monday.

https://www.reuters.com/business/aerospace-defense/nato-allies-may-lift-target-spend-2-output-defence-stoltenberg-2022-11-21/

On the same subject

  • L3Harris Technologies awarded $233 Million in contracts to support key Australia Defence Forces modernization initiatives

    January 27, 2021 | International, Land, C4ISR

    L3Harris Technologies awarded $233 Million in contracts to support key Australia Defence Forces modernization initiatives

    Rochester, N.Y. January 26, 2021 — The Australian Defence Force has awarded L3Harris Technologies (NYSE: LHX) contracts totaling $233 million (USD) to deliver secure communications and advanced night vision goggle technology to support the country's key modernization initiatives. L3Harris was awarded a three-year, $115 million follow-on FFP contract under the Direct Commercial Sale (DCS) arrangements for the Australian Defence Force's Delphic - Cryptographic Modernization program. L3Harris will deliver tactical radios, waveforms and ancillaries that support emerging cryptographic modernization standards. The company also was awarded a $118 million contract to provide advanced night vision goggle technology to enhance Army soldiers' ability to locate and engage threats – improving their situational awareness, mobility and safety. The award follows L3Harris' successful delivery of night vision technology for Tranche 1 of the Land 53 program in 2020. L3Harris will deliver its Fused Night Vision System (FNVS), which incorporates the latest in night vision capabilities – fusing image intensification technology with thermal imagery to provide soldiers with enhanced situational awareness, targeting and identification capability in all battlefield conditions and light levels. When combined with the L3Harris battery pack, the FNVS delivers critical battlefield information directly to the soldier's eye. Both contracts include full in-country support and repair capabilities in Australia. “These key modernization programs extend L3Harris' long-term partnership with the Australian Defence Force, supporting mission needs for advanced secure communications and night vision capabilities, and will also leverage our expanded technical support capability in Australia,” said Dana Mehnert, President, Communication Systems, L3Harris. About L3Harris Technologies L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. www.L3Harris.com Forward-Looking Statements This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the value or expected value of orders, contracts or programs, about system or technology capabilities are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. View source version on L3Harris Technologies: https://www.l3harris.com/newsroom/press-release/2021/01/l3harris-technologies-awarded-233-million-contracts-support-key

  • U.S. Army awards $339 million contract for M109A7 Self-Propelled Howitzers and M992A3 carrier, ammunition, tracked vehicles

    March 27, 2020 | International, Land

    U.S. Army awards $339 million contract for M109A7 Self-Propelled Howitzers and M992A3 carrier, ammunition, tracked vehicles

    March 24, 2020 The U.S. Army has awarded BAE Systems a $339 million contract modification for the production of 48 vehicle sets of M109A7 Self-propelled Howitzer (SPH) and its companion, the M992A3 Carrier, Ammunition, Tracked (CAT) vehicle, and includes post-delivery support and spare parts. The M109A7 SPH and M992A3 CAT vehicle set is a vital program enhancement for increased combat capability and sustainment of the Army's Armored Brigade Combat Teams (ABCTs). The program offers enhanced indirect-fire artillery capabilities to the ABCTs with new technologies for power generation and survivability. The new M109A7 addresses long-term readiness and modernization needs of the M109 self-propelled howitzer family through a critical redesign and production plan that leverages today's most advanced technology. Its state-of-the-art “digital backbone” and power generation capability provides a more robust, survivable, and responsive indirect fire support capability for ABCT Soldiers. The M109A7 is a significant upgrade over the M109A6 as it enhances reliability, maintainability, performance, responsiveness, lethality, and crew survivability. The initial contract was awarded in 2017 for low-rate production. This most recent order brings the total number of M109A7 and M992A3 vehicle sets to 204, with a total contract value of $1.5 billion. The award follows the Army's decision, announced in February, to commence full-rate production of the vehicle. View source version on BAE Systems: https://www.baesystems.com/en/article/u-s--army-awards--339-million-contract-for-m109a7-self-propelled-howitzers-and-m992a3-carrier--ammunition--tracked-vehicles

  • Northrop Grumman awarded $958M contract for radar system

    June 13, 2019 | International, Other Defence

    Northrop Grumman awarded $958M contract for radar system

    By: Kelsey Reichmann The Marine Corps awarded Northrop Grumman a $958 million contract for an advanced radar system that will aid in air defense. The system, the Gallium Nitride-based (GaN) AN/TPS-80 Ground/Air Task-Oriented Radar known as G/ATOR, is a multi-mission radar that provides real time, 360-degree situational awareness to identify and track missiles, manned and unmanned aircraft vehicles, rockets, mortars, and artillery fire. The Corps first received the system in July 2018. This contract will provide an additional 30 units. “G/ATOR is a crucial capability that protects our warfighters and defends against today's threat environment and the threat environment of the future,” Christine Harbison, vice president, land and avionics C4ISR, Northrop Grumman, said in a press release. “We are excited to reach the full-rate production decision and continue providing advanced multi-mission functionality that meets our customer's mission needs, protects the warfighter in a rapidly changing threat environment, and has significant margin for capability growth.” The G/ATOR is expected to eliminate five systems, which will in turn reduce training, logistics and maintenance costs. The need for this system stems from the shift in necessary air defense as ballistic missile threats are rising. https://www.c4isrnet.com/battlefield-tech/2019/06/12/northrop-grumman-awarded-958m-contract-for-radar-system/

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