12 août 2022 | International, Aérospatial

D.A. Davidson closes $160M in bonds to advance next-gen aerial firefighting platforms - Skies Mag

The bond proceeds will assist Bridger Aerospace with the financing of two airplane hangars and the acquisition of four new SuperScooper firefighting aircraft.

https://skiesmag.com/press-releases/d-a-davidson-closes-160m-in-bonds-to-advance-next-gen-aerial-firefighting-platforms/

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  • Tech maturing too fast for multiyear drone buys, Army’s Bush says

    11 mars 2024 | International, Terrestre

    Tech maturing too fast for multiyear drone buys, Army’s Bush says

    Locking in on the same drone year after year may not make sense amid rapidly changing circumstances, he said.

  • Storm clouds await Pentagon’s request for defense industry cash injection

    28 avril 2020 | International, Aérospatial, Naval, Terrestre, C4ISR

    Storm clouds await Pentagon’s request for defense industry cash injection

    By: Joe Gould WASHINGTON ― Though the Pentagon is hunting for billions of dollars in a future package to combat the coronavirus pandemic, it looks like the next massive relief bill will be swamped in a partisan fight. The Pentagon announced it's seeking the funds to prop up the military's network of suppliers following $3 billion in new “progress payments" to increase cash flow to primary contractors and more vulnerable, smaller subcontractors. The details have yet to be disclosed as the Defense Department works through them with the White House budget office. But last week, Senate Majority Leader Mitch McConnell, R-Ky., said he wants to “push the pause button” on the next aid package and, because Democrats aim to center it on bailouts for states hit hard by the pandemic, “move “cautiously.” “You've seen the talk from both sides about acting, but my goal from the beginning of this, given the extraordinary numbers that we're racking up to the national debt, is that we need to be as cautious as we can be,” McConnell told reporters on April 21. The Senate will reconvene in full on May 4 to work on coronavirus aid legislation, McConnell said Monday. It would mark the first time the chamber has been back in full since late March. The prospects for a speedy compromise looked dim when House Speaker Nancy Pelosi, D-Calif., set herself at odds with McConnell last week, saying, “There will not be a bill without state and local” aid. Senate Minority Leader Chuck Schumer, D-N.Y., and other congressional Democrats have added pressure on McConnell by pillorying the majority leader's suggestion that states declare bankruptcy. “Republican Senators: Raise your hand if you think your state should go bankrupt,” Schumer said in a tweet. McConnell's negotiating stance comes as the Congressional Budget Office projected Friday that the federal budget deficit would quadruple to $3.7 trillion, driven by the coronavirus pandemic and a government spending spree on testing, health care, and aid to businesses and households. According to the report, the 2020 budget deficit will explode after Congress passed and President Donald Trump signed four coronavirus aid bills that promise to pile more than $2 trillion onto the $24.6 trillion national debt in the remaining six months of the current fiscal year. Meanwhile, defense hawks are warm to a defense spending boost. Senate Commerce Committee Chairman Roger Wicker, R-Miss., has voiced support for an additional cash infusion for the defense industry. “The federal government can play a vital role in keeping military suppliers afloat,” Wicker, a senior member of the Senate Armed Services Committee, said in his weekly newsletter to supporters. “Already the Department of Defense has announced it is spending $3 billion to reimburse contractors affected by work delays and breaks in the supply chain. “As Congress considers new relief measures, I will work to include targeted funding to ensure that suppliers get the stable cash flow and contracts they need to endure this crisis. These awards should go toward projects the military has already identified as priorities and should not break the bank." Also last week, Sen. Tom Cotton, R-Ark., introduced legislation last week that calls for $43 billion for military infrastructure and weapons as part of a larger effort to confront China in the Indo-Pacific region. That bill also calls for $11 billion to mitigate pandemic-related cost overruns on weapons programs and $3.3 billion to mitigate COVID-19 impacts to the defense-industrial base. But Cotton's proposal is also loaded with new weapons purchases that would prove a boon to defense firms, albeit at a slower pace than a direct cash infusion. There's an added General Dynamics/Huntington Ingalls Industries-built Virginia-class submarine; more Lockheed Martin-built F-35A jets; Boeing-built F-15EX fighter aircraft; a battery for the Terminal High Altitude Area Defense air defense system; and anti-ship/strike weapons. Cotton's bill follows a $6.1 billion China deterrence package from the influential ranking member of the House Armed Services Committee, Rep. Mac Thornberry, R-Texas. That bill would fund an Indo-Pacific Deterrence Initiative, also favored in principal by HASC Chairman Adam Smith, D-Wash. Observers predicted the added funding might find a way through any deadlock on a stimulus bill. “We don't foresee stand-alone adoption but do think elements of it could be spread across different spending bills,” analyst Roman Schweizer of the Cowen Group said of Cotton's bill in a note to investors. “With Congress in full-bore debt-spending mode, defense proponents might be able to bury this money in larger packages. The American Enterprise Institute's Mackenzie Eaglen proposed in a Defense News on Monday that the next package for the Pentagon should avoid submitting unfunded procurement priorities and also “focus on the health, safety and continuity of all the Pentagon's workforce.” “Democrats want another stimulus, ideally on ‘shovel ready' infrastructure jobs. DoD is absolutely going to need more help in some sort of bill to keep the defense supply chain from going to the unemployed lines, or worse, gobbled up by China,” Eaglen said in an email. “Most of defense stimulus is to prop up jobs and employment so I'd like to be optimistic and think Democrats would be very supportive.” Democratic leaders haven't yet signaled how they're predisposed toward added defense spending in a stimulus package. However, a House Democratic aide said that scenario would invite serious opposition from the progressive wing. Rep. Ro Khanna, D-Calif., a member of HASC and the House Progressive Caucus leadership team, previewed the messaging in this fight in a tweet on April 21 saying: “The Pentagon shouldn't get any more COVID relief money." “A single F-35 could pay for 2,200 ventilators. 1 nuclear warhead could pay for 17 million masks,” Khanna said, adding that the Pentagon budget dwarfs the combined budgets of the Centers for Disease Control and Prevention, the National Institutes of Health, and U.S. contributions to the World Health Organization. In the Senate, Sen. Bernie Sanders, I-Vt., “will strongly oppose no-strings-attached giveaways to the arms industry, as news reports seem to indicate are the Pentagon's likely request of Congress," said his spokesman, Keane Bhatt. "This is the time to put ordinary workers and small businesses first — not prioritize the profits of Lockheed Martin and Raytheon.” https://www.defensenews.com/congress/2020/04/27/storm-clouds-await-pentagons-request-for-defense-industry-cash/

  • Global partners invest $314 million in Patriot Integrated Air and Missile Defense System

    26 février 2020 | International, Aérospatial

    Global partners invest $314 million in Patriot Integrated Air and Missile Defense System

    Tewksbury, Mass., February 25, 2020 /PRNewswire/ -- Raytheon Company [NYSE: RTN] is enhancing the combat-proven Patriot(TM) Air and Missile Defense System under a $314 million task order for engineering services from the U.S. Army, awarded on January 30. The task order is funded by the 17 nations that rely on Patriot for integrated air and missile defense. This is the third of five annual, indefinite delivery/indefinite quantity task order awards with a total contract ceiling of more than $2.3 billion. "These modernization efforts ensure Patriot continues to outpace the advancing and proliferating threat, and will be ready when needed," said Tom Laliberty, vice president of Integrated Air and Missile Defense at Raytheon's Integrated Defense Systems business. "The 17-nation Patriot partnership shares the cost and reaps the benefit of continued investment in the system." Under the task order, Raytheon is providing comprehensive engineering services including systems, software and hardware development, integration and test services, configuration management and logistics support. Additionally, many of the project results will be incorporated into Patriot Post Deployment Build 8.1, a series of software and hardware capabilities, including: 1. New cutting edge methods to search, detect, track, discriminate, engage, and defeat a wide range of evolving threats including tactical ballistic missiles, cruise missiles, and military aircraft. 2. Integrating Warfighter Machine Interface into Patriot. WMI provides a total view of that battlespace, with 3-D visuals, easy-to-read status pages and search functions. As part of the contract, Raytheon is also: -- Enhancing the resilience of Patriot against evolving cyber threats -- Developing solutions that enhance readiness and reduce life cycle costs by making the system more reliable. -- Replacing obsolete parts of Patriot's communications system, enabling Patriot to reliably operate until the U.S. Army's new Integrated Air and Missile Defense command and control system comes on-line. Raytheon's Global Patriot Solutions is the most advanced, tactical air and missile defense system in the world, providing protection against a full range of advanced threats, including aircraft, tactical ballistic missiles, cruise missiles and unmanned aerial vehicles. About Raytheon Raytheon Company, with 2019 sales of $29 billion and 70,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 98 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I(®) products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter. Note to Editors The 17 Patriot Nations are: -- United States of America -- The Netherlands -- Germany -- Japan -- Israel -- Kingdom of Saudi Arabia -- Kuwait -- Taiwan -- Greece -- Spain -- Republic of Korea -- United Arab Emirates -- Qatar -- Romania -- Sweden -- Poland -- The Kingdom of Bahrain Media Contact Mike Nachshen +1.520.269.5697 idspr@raytheon.com View original content to download multimedia:http://www.prnewswire.com/news-releases/global-partners-invest-314-million-in-patriot-integrated-air-and-missile-defense-system-301010687.html SOURCE Raytheon Company

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