Pentagon seeks reauthorization, expansion of small business funding

On the same subject

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  November 13, 2020 | International, Aerospace

  South Korea’s KAI looks to enter military transport market

  By: Brian Kim SEOUL — Korea Aerospace Industries is considering adding military transport planes to its product line with the goal of partnering with foreign aircraft manufacturers, Defense News has learned. This would be an “unexplored business field” for the South Korean company, according to a source with KAI, who spoke on condition of anonymity. “For KAI, the transport aircraft market is an unexplored field, which has high potential for localization,” the source said. “The technology intensity of transport aircraft is lower than that of fighter jets, while the market of maintenance, repair and overhaul of transport planes remains profitable.” Founded in 1999, KAI has developed a successful portfolio of indigenous aerospace products including trainer jets, helicopters, fighter aircraft and satellites. The development of an indigenous fighter aircraft, codenamed KF-X, is underway with a goal of unveiling a prototype in the first half of 2021. KAI's internal analysis of the domestic transport aircraft market suggested about 100 transport aircraft would be in demand over the next three decades given the life span of aircraft flown by the military, the source told Defense News. In addition, the company believes there will be a chance to sell about 100 airlift planes overseas, the source explained. “To keep up with the demand for addressing increasing nonmilitary threats, such as national disaster, infectious disease and humanitarian aid, the needs for military transport airplanes are likely to grow,” the source added. The South Korean military operates about 60 transport aircraft built by foreign firms. The Air Force operates C-130s and CN-235s, mainly for airlift operations, while the Navy has P-3Cs and P-8As for maritime patrol missions. The oldest planes among the P-3C fleet were adopted 25 years ago. In line with efforts to take back wartime control of its forces from the U.S. military, South Korean military authorities want to acquire more aerial assets for independent intelligence, reconnaissance and surveillance missions. KAI expects it will be able to build its own transport aircraft in seven years with an investment of about $2.7 billion, according to the source. Following the development of a military version, the company envisages it could modify it into a commercial plane with a seat capacity of 100. To that end, KAI is eyeing international partnerships, the source said, specifically European company Airbus Defence and Space, Ukraine's Antonov, and Brazil's Embraer. https://www.defensenews.com/industry/2020/11/12/south-koreas-kai-looks-to-enter-military-transport-market/

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  June 26, 2019 | International, Other Defence

  AECOM wins contract with U.S. Department of State to provide Diplomatic Platform Support Services

  GERMANTOWN, Md.--(BUSINESS WIRE)--AECOM (NYSE:ACM), a premier, fully integrated global infrastructure firm, has been awarded a Multiple Award, Indefinite Delivery Indefinite Quantity contract by the U.S. Department of State for Diplomatic Platform Support Services. The contract ceiling is $6 billion over a five-year period and provides an opportunity for AECOM to expand its proven global logistical and operations and maintenance capabilities. “This is a significant program of work with the Department of State and expands our market share in providing logistical and mission support for many branches of the U.S. Government,” said John Vollmer, AECOM's president of its Management Services group. “We have made significant investments in asset management solutions which are paying dividends in our growth in this market.” The contract requires Program Management, Procurement of Critical Items, Life Support Services, Logistics Services, Operation and Maintenance Services, and Construction and Renovation Projects for U.S. Department of State facilities, and other U.S. Government facilities overseas, with a focus on high-threat contingency environments. “We look forward to the opportunity to deliver these key services to the Department of State, partnering with them to provide world-class support for the conduct of U.S. foreign policy,” said Dr. Karl Spinnenweber, AECOM's executive vice president and general manager of its Mission Readiness business. For over 100 years, AECOM and its legacy companies have worked with governments around the world, providing cost-effective and innovative solutions to help them achieve mission success. AECOM leverages its global defense, civilian and commercial expertise to deliver services across the entire life cycle for clients' most challenging projects – from concept design, development, construction, acquisition, management and operation to testing, training, sustainment and supply chain management. About AECOM AECOM is built to deliver a better world. We design, build, finance and operate critical infrastructure assets for governments, businesses and organizations. As a fully integrated firm, we connect knowledge and experience across our global network of experts to help clients solve their most complex challenges. From high-performance buildings and infrastructure, to resilient communities and environments, to stable and secure nations, our work is transformative, differentiated and vital. A Fortune 500 firm, AECOM had revenue of approximately $20.2 billion during fiscal year 2018. See how we deliver what others can only imagine at aecom.com and @AECOM. Forward-Looking Statements: All statements in this press release other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including the future term, price, performance and financial impact of the Department of State support service agreement as well as other future business and economic conditions. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important risk factors that could cause actual results to differ materially from our forward-looking statements are set forth in AECOM's periodic report on Form 10-Q for the quarter ended March 31, 2019, and other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statements. https://www.businesswire.com/news/home/20190626005114/en

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  December 18, 2023 | International, Land

  German brigade to be combat ready in Lithuania, on Russian border, in 2027