Rafael inks news deal to put Trophy system on UK’s Challenger 3 tanks

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  July 21, 2020 | International, Aerospace

  Lockheed Martin awarded USD15 billion for future C-130J work

  by Gareth Jennings Lockheed Martin has been awarded USD15 billion to support all remaining C-130J Hercules work through to 16 July 2030. The indefinite delivery/indefinite quantity (IDIQ) contract, which was announced by the US Department of Defense (DoD) on 17 July, covers domestic and Foreign Military Sales (FMS) work related to the four-engined airlifter built at the company's Marietta facility in Georgia. “This contract provides flexibility to accommodate the broad enterprise of activities associated with the C-130J programme,” the DoD said, noting that it specifically covers development, integration, retrofit, and production activities for all C-130J variants. The DoD added that fiscal year (FY) 2018 and 2019 aircraft procurement funds in the amount of USD3.3 million were being obligated at the time of award. This award follows a similar IDIQ agreement for USD10 billion signed with Lockheed Martin in August 2016. At that time, the DoD said the contract covered the production of an estimated 100 C-130Js for the United States and FMS customers. It would appear from the overlap in scope and timelines between the two awards that this latest contract is an extension and an expansion of the earlier one. https://www.janes.com/defence-news/news-detail/lockheed-martin-awarded-usd15-billion-for-future-c-130j-work

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  January 21, 2024 | International, Aerospace

  Air Force’s next nuclear missile at risk after costs spike

  The LGM-35A Sentinel nuclear missile has seen its costs increase at least 37%, triggering a review that could see the program restructured or canceled.

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  August 1, 2018 | International, Naval

  France confirms Fincantieri-STX shipyard deal, cautious on defense merger

  ROME (Reuters) - The French government continues to support Italian shipbuilder Fincantieri's (FCT.MI) takeover of STX France, finance minister Bruno Le Maire said on Wednesday, but cautioned against hastening a related defense naval merger. Speaking in Rome after a meeting with the Italian government, he told journalists France had not changed its position on the deal, quelling concerns the takeover could be hampered by tenser relations between Paris and Italy's new anti-establishment government. However, he warned against hastening a merger between Fincantieri and French military shipyards operator Naval Group which has been seen as a possible follow-up to the takeover of STX. “It would not be wise” to discuss a defense merger now, Le Maire told reporters, stressing that this was not part of the deal reached in 2017. Under the terms of that agreement between France and Italy, Fincantieri bought a 50 percent share in STX, but it took effective control of the French shipyards thanks to a 12-year loan of a 1 percent stake by the French state, which is subject to review clauses. Relations between France and Italy have soured in recent weeks over spats on migrants and after the Italian government raised doubts on the TAV French-Italian rail link project which would connect Lyon and Turin. Le Maire said after his meeting on Wednesday with Italian Deputy Prime Minister Luigi Di Maio that Paris was still waiting for Italy's position on the project. https://www.reuters.com/article/us-stx-m-a-fincantieri-lemaire/frances-le-maire-confirms-backing-to-fincantieri-stx-shipyard-deal-idUSKBN1KM4E8