Back to news

August 24, 2023 | International, Aerospace

US Navy awards Sikorsky $2.7 billion for 35 CH-53K helicopters

The contract covers 12 lot 7 and 15 lot 8 aircraft for the U.S. Marine Corps, as well as eight aircraft for the Israeli Air Force.

https://www.defensenews.com/air/2023/08/24/us-navy-awards-sikorsky-27-billion-for-35-ch-53k-helicopters/

On the same subject

  • U.S. Defense Industry Could Change In Blink Of An Eye

    November 29, 2021 | International, Aerospace, C4ISR

    U.S. Defense Industry Could Change In Blink Of An Eye

  • SAIC awarded a $325 million Department of Homeland Security SETA III multiple award IDIQ contract

    January 29, 2020 | International, C4ISR, Security

    SAIC awarded a $325 million Department of Homeland Security SETA III multiple award IDIQ contract

    Reston, Va., January 27, 2020 – Science Applications International Corp. (NYSE: SAIC) has been awarded a multiple award indefinite-delivery, indefinite- quantity contract worth a ceiling value of $325 million with the Department of Homeland Security for Systems Engineering and Technical Assistance (SETA) support to the Science and Technology Directorate. “SAIC understands the importance of our homeland security mission, and the leading-edge services and solutions we bring to it,” said Bob Genter, SAIC senior vice president and general manager of the Federal Civilian Customer Group. “We look forward to collaborating with the Science and Technology Directorate of DHS to engineer systems that keep our Nation secure and safe.” SETA III provides professional, scientific and technical services to DHS's Science and Technology Directorate. SAIC will provide technical assistance for mission-critical engineering and technology tasks including: Technology scouting Program planning Project justification and defense Vulnerability and risk assessment and mitigation Budgets and performance Project execution Transition and commercialization Program evaluation and analysis SAIC is one of five awardees of the DHS SETA III contract and will compete for task orders to support the Science and Technology Directorate's mission to meet the research and development needs of the DHS components. The contract has a five-year period of performance and SAIC will help DHS with researching and organizing scientific, engineering, and technological resources and leveraging these existing resources into technological tools to help protect the homeland. About SAIC SAIC® is a premier technology integrator solving our nation's most complex modernization and readiness challenges. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes high-end solutions in engineering, IT, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions. We are 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom. Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management's Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC's website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC's expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others. SAIC Media Contact: Lauren Presti 703-676-8982 lauren.a.presti@saic.com View source version on SAIC: https://investors.saic.com/press-releases/press-release-details/2020/SAIC-Awarded-a-325-Million-Department-of-Homeland-Security-SETA-III-multiple-award-IDIQ-Contract/default.aspx

  • Year two post merger, L3Harris looks toward $1B more in divestitures

    June 12, 2020 | International, C4ISR

    Year two post merger, L3Harris looks toward $1B more in divestitures

    By: Jill Aitoro WASHINGTON — One year post merger, L3Harris is a third of the way to its goal of shedding roughly $1.5 billion of the company, with COVID-19 slowing progress, said its two top executives in an interview with Defense News. About $500 million in business has been divested since June 2019, when Harris and L3 Technologies combined into a single, $17 billion company. That total came by way of three deals that shed the EOTech business, the night vision business, and the security detection and automation businesses. “Out of the gates, we were really running at this,” said CEO Bill Brown, who noted in previous interviews the audacious goal for divestitures of 8-10 percent of total revenue. “We continue to make progress on others, but obviously with the COVID crisis and the financial impacts of that, it's moved some opportunities to the right.” The sale of the security detection and automation businesses to Leidos for about $1 billion will ultimately be one of if not the biggest divestiture for the company, said Brown, who declined to point to any specific portions of business as currently up for sale or likely to be shed. Thus far divestitures have been driven either by overlap created by the merger — which subsequently raised the alarm bells of regulators — or by a desire to focus the portfolio even more to become what Brown described as a “powerhouse C4ISR company.” Brown stopped short of stating any intention to exit the commercial or federal business altogether — even as the former took a significant hit from pandemic fallout: Commercial revenues are expected to be down around 35 percent organically for the year. Also likely to suffer from the COVID-19 pandemic is international business. Foreign sales, which account for 20 percent of total revenue, will likely remain flat, versus the increase in low to mid-single digits previously expected. “We identify that as an area where we think we can outperform,” Chris Kubasik, L3Harris chief operating officer, said during the interview. “Clearly the global pandemic applies some pressure, especially in the Middle East with the prices of oil and all the countries having their own bailouts or stimulus plans. Just like the U.S., I think the situation is going to call into question how those countries deal with defense going forward. It's going to be one of these areas that we need to monitor, and are probably going to have to take market share to grow.” An inability to travel has, however, opened doors to new ways of doing business around the world. Kubasik pointed to a particular deal with a customer in a Far East country that was negotiated via Skype. “Nobody's really closed for business,” he said. “We've just got to be creative and do it differently. You feel pretty good when you do a one- or two-hour Zoom [video conference], where in the old days it would have taken four days by the time you flew to the country, cleared customs, got a good night's rest, held a meeting, met again and flew back.” For L3Harris, year two post merger will focus on the remaining $1 billion in divestitures and see a continuation of company integration. In the longer term, those efforts will set the company up nicely for additional acquisitions, which Kubasik called “a clear expectation” for spurring growth. And C4ISR is the area that will likely be the focus of potential buys. “The value of those capabilities and technologies will be even greater in the future in a near-peer competition,” Brown said. “It's not the platforms, but what the platforms do and how they interoperate that requires networks and new ways of communicating, which is in the sweet spot of the company. So I would imagine that anything we would do through acquisition would happen in that broad C4ISR domain.” But for now, he added, the company is focusing on “the basic fundamentals." "And if we do that really well, then we build credibility to go and do another acquisition, another merger over time. The key is earning the right to do that — building the credibility and the muscle to go down that path, and that's what we're doing today.” https://www.defensenews.com/industry/2020/06/11/year-two-post-merger-l3harris-looks-toward-1b-more-in-divestitures/

All news