U.S. Army awards BAE Systems $797 million contract to begin full rate production of Armored Multi-Purpose Vehicle

On the same subject

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  June 4, 2024 | International, Aerospace

  Proposed House spending bill would add more F-35s

  The defense appropriations bill would take a different approach than the proposed NDAA, which would cut F-35 purchases.

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  February 17, 2021 | International, Land

  State Department approves possible $197M missile sale to Egypt

  By Christen McCurdy Feb. 16 (UPI) -- The State Department approved a possible $197 million deal Tuesday to sell RIM‑116C Rolling Airframe Missiles Block 2 tactical missiles to Egypt. According to the Defense Security Cooperation Agency, Egypt's government has asked to buy up to 168 of the missiles. Its bid also includes shipping and storage containers, operator manuals and technical documentation as well as engineering, technical and logistical and support services. The proposed sale will support U.S. foreign policy and national security by "helping to improve the security of a Major Non-NATO Ally country that continues to be an important strategic partner in the Middle East," according to the DSCA's announcement. "The proposed sale will support the Egyptian Navy's Fast Missile Craft ships and provide significantly enhanced area defense capabilities over Egypt's coastal areas and approaches to the Suez Canal," the DSCA said. "Egypt will have no difficulty absorbing this equipment into its armed forces since Egypt already operates previously procured RAM Block 1A missiles," the agency said. Developed and produced cooperatively with Germany, the RIM-116 Rolling Airframe Missile is a lightweight, quick-reaction, fire-and-forget missile built to destroy anti-ship cruise missiles and asymmetric air and surface threats. Raytheon Missiles & Defense will be the primary contractor on this sale if it goes through. At the end of December, the State Department approved a potential $104 million sale of a Large Aircraft Infrared Countermeasures System to Egypt. https://www.upi.com/Defense-News/2021/02/16/State-Department-approves-possible-197M-missile-sale-to-Egypt/3421613515782/

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  August 31, 2023 | International, Aerospace

  Turkey seeks partners for TF-X fighter program amid fiscal uncertainty

  The Turkish economy is experiencing high inflation, and the country’s external debt reached nearly $476 billion in March.