December 12, 2023 | International, Aerospace
L3Harris says Viper Shield electronic warfare tool for F-16s nears goal
The Viper Shield suite will be fitted aboard Lockheed Martin F-16 Block 70/72 jets sold to foreign militaries.
March 31, 2020 | International, Aerospace, Naval, Land, C4ISR, Security
Small defense businesses see cash issues during coronavirus outbreak
By: Aaron Mehta
WASHINGTON — More than 60 percent of small companies in the defense supply chain are seeing disrupted cash flow, according to a new survey put forth from the National Defense Industrial Association.
“This survey shows how the defense lifeline runs through small business,” Hawk Carlisle, NDIA's president and CEO, said in a statement. “These companies must survive if the defense industrial base is to remain the best in the world on other side of COVID-19.”
COVID-19 is a newly discovered coronavirus — a family of viruses, some of which cause disease in people and animals, named for crownlike spikes on their surfaces.
As of Friday, 458 small businesses had responded to the survey, which will remain open through April 10. Fifty-five percent of respondents have less than $5 million in annual revenue, and 70 percent have less than 50 employees.
Sixty-two percent of the respondents have seen disrupted cash flow as a result of the economic downturn. Primarily, those have come as cuts to billable hours or delayed payments from prime contractors because of shutdowns or telework. A lack of telework options is also an issue for contractors.
Notably, 54 percent of respondents say they cannot work on a contract because they are currently under a shelter-in-place order.
And optimistically, 69 percent do not expect cost overruns on fixed-price contracts as a result of the coronavirus-related disruptions. Those that do expect such overruns predict them to be in the 10-20 percent range.
The results of the survey were delivered Friday to Ellen Lord, the undersecretary of defense for acquisition and sustainment. Speaking to reporters on Wednesday, Lord said she is closely watching the lower tier of the supply chain for weak spots that may appear.
Last week, the Defense Department announced new measures to increase progress payments out to both small and large companies to ensure they are able to keep work moving on schedule.
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October 2, 2019 | International, C4ISR
INVISIO Awarded Five-Year Framework Agreement for up to SEK 290 Million From the U.S. Department of Defense
STOCKHOLM, October 1, 2019 /PRNewswire/ - INVISIO has been awarded a five-year IDIQ (Indefinite Delivery, Indefinite Quantity) contract from the U.S. Department of Defense for communication and hearing protection systems. The framework agreement is for up to SEK 290 million over the time period, but no volumes are guaranteed. The Department of Defense has awarded INVISIO a five-year framework agreement for the supply of advanced communications and hearing protection systems to American troops. The maximum order value of the agreement over the five-year time period is USD 30 million, equivalent to approximately SEK 290 million. This is the second time the Department of Defense has awarded INVISIO a long-term contract. The new contract replaces the first one received in 2017 which expired earlier this year. The INVISIO systems provide enhanced communication capabilities in noisy environments while protecting the users hearing, which gives operational benefits and increased tactical advantages including improved situational awareness for the users. "We are very proud of receiving a new long-term contract with the U.S. Department of Defense. This contract and the size of it, together with our other U.S.-engagements confirms our market leading position", says Lars Højgard Hansen, CEO, INVISIO Communications. For more information, please contact: Lars Højgard Hansen CEO INVISIO Communications Mobile: +45-53-72-7722 | E-mail: lhh@invisio.com Michael Peterson Director IR & Corporate Communication INVISIO Communications Mobile: +45-53-72-7733 | E-mail: mpn@invisio.com This information is information that INVISIO Communications AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the CEO, on October 1, 2019, at 08:30 CEST. About INVISIO Communications AB (publ) INVISIO develops and sells advanced communication systems with hearing protection that enable professionals in noisy and mission critical environments to communicate and operate effectively. The company combines insights in acoustics and human hearing with broad engineering know-how in software, materials technology and integration. Sales are primarily via a global network of partners and resellers, as well as from the headquarters in Copenhagen and the sales offices in the USA, France and Italy. INVISIO's registered office is in Stockholm, Sweden, and the company's share is listed on Nasdaq Stockholm (IVSO). Read more on the company's website, www.invisio.com. This information was brought to you by Cision http://news.cision.com https://news.cision.com/invisio-communications-ab/r/invisio-awarded-five-year-framework-agreement-for-up-to-sek-290-million-from-the-u-s--department-of-,c2921729
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December 9, 2020 | International, Land
Rafael offers its next-gen combat vehicle suite to South Korea
by Yaakov Lappin Israel's Rafael Advanced Defense Systems has offered South Korea its Next-Generation Combat Vehicle Suite (NGCV-S) as the Republic of Korea Army (RoKA) prepares to upgrade its K1A2 main battle tanks (MBTs) and procure some 600 Hyundai-made armoured personnel carriers (APCs) as part of its Tiger 4.0 modernisation programme. Rafael has submitted requests for information from South Korea on both the MBT and APC programmes Udi N, head of marketing at Rafael's land manoeuvre systems directorate, told Janes that the NGCV-S offers several capabilities for armoured vehicles to boost their lethality, survivability, and ability to engage multiple targets simultaneously. He said the suite includes the company's Armor Shield P passive add-on armour and the Trophy active protection system (APS), the latter of which is used on US Army MBTs as well as on the Israeli military's Namer heavy APCs. Other offers as part of the suite include reactive armour kits and the Samson medium-calibre remote weapon station (RWS). The station is designed to mount a 30 mm or 40 mm gun and co-axial 7.62 mm machine gun that be integrated with Rafael's Spike missile launcher as well as the fifth-generation Spike anti-tank guided electro-optical missile for mid- and long-range attacks. “Combining the Spike missile system with the Samson Integrated 30 mm RWS and its combat management systems transforms the remote-controlled weapon station and the vehicle into a versatile fighting machine – able to simultaneously neutralise targets at multiple ranges, with the pinpoint accuracy required in the urban arena as well as in GPS-denied zones,” said Rafael in a statement. https://www.janes.com/defence-news/news-detail/rafael-offers-its-next-gen-combat-vehicle-suite-to-south-korea