August 18, 2024 | International, Land
The purchase price agreed for Loc Performance, which will become due upon closing, is based on an enterprise value of USD 950 million.
July 18, 2024 | International, Land
Under this two-year, $15.4 million contract, Parsons will prepare a series of preliminary design packages for the RFAAP manufacturing facility.
June 30, 2020 | International, Land
By: Aaron Mehta WASHINGTON — The Army has awarded GM Defense a $214.3 million contract to produce the service's new Infantry Squad Vehicle. The contract covers the cost of the first 649 vehicles, with work to be completed by June 24, 2028. The service hopes to eventually procure 2,065 of the ISVs. "Winning this Army award is well-deserved recognition for the hard work and dedication of our GM Defense team and their production of a fantastic vehicle. We are confident the GMD ISV will meet and exceed all of our customers' requirements," David Albritton, president of GM Defense, said in a statement. "It's indeed an honor to leverage our parent company's experience as one of the world's largest automotive manufacturers to design, build and deliver the best technologies available to the men and women of the U.S. Armed Forces and our allies." The ISV, designed to carry a nine soldier squad, was specifically put together to be light enough to be sling loaded from a UH-60 Blackhawk and small enough to fit inside a C4-47 Chinook, to provide maximum flexibility for deployment. GM's design is based off the company's 2020 Chevrolet Colorado ZR2 midsize truck and use 90 percent commercial parts, according to the company, including a 186-horsepower, 2.8L Duramax turbo-diesel engine. The attempt to procure a light infantry vehicle goes back to 2015, but nothing truly materialized until Congress forced the Army to launch the competition as part of the fiscal 2018 National Defense Authorization Act. Last August, the Army awarded $1 million contracts to three teams — GM Defense, a team-up of Oshkosh Defense and Flyer Defense LLC, and a SAIC and Polaris team-up — to develop their offerings for the ISV program. https://www.defensenews.com/land/2020/06/29/gm-defense-wins-infantry-squad-vehicle-production-contract/
January 15, 2020 | International, Naval
January 14, 2020 - The German government has announced its intention to select Damen as the main contractor, together with partners Blohm + Voss and Thales, for supplying at least four Multi-Purpose Combat Ship MKS 180 frigates to the German Navy. The Dutch naval shipbuilder is extremely proud of, and satisfied with, the result of the evaluation process announced today by the German Government, though of course awaits parliamentary approval in Germany. The ships will be built at Blohm + Voss shipyard in Hamburg and at other shipyard locations of the North German Lürssen Group. Damen intends to build in this way in order to spend around 80% of the total net investment as added value in Germany. The same applies to the electronic application systems that are supplied by Thales Nederland to its own design. Around 70% of the services will be provided by the German subsidiary of Thales and by other German subcontractors. With the North German shipyard group Lürssen – parent company of Blohm + Voss – and the Damen Shipyards Group, the partnership is based on two stable family businesses that have been successfully active in marine and commercial shipbuilding for more than 140 years. The only naval builder in the Netherlands is pleased with this selection to be main contractor in the German project and the division of work between German and Dutch industry. For the Netherlands, it provides national knowledge and expertise. This offers the Dutch Government the option, in the coming Dutch naval construction projects for frigates and submarines, to have these types of strategic programmes devised, engineered, managed and deployed in their own country. The MKS 180 project contributes to securing the export power and self-creation of both Dutch and German naval construction in the longer term. The project also opens perspectives for the requested European (defence equipment) cooperation. View source version on Damen: https://www.damen.com/en/news/2020/01/damen_and_blohm_voss_selected_for_construction_german_mks180_frigates