RQ-7, Iraq(click to view larger) Textron subsidiary AAI Corporation recently announced that Italy's Ministry of Defense Directorate of General Aeronautical Armament will buy 4 RQ-7B Shadow 200 systems for the Italian Army, under a EUR 51 million (about $64 million)...
* Alternate QDR: "We cannot reverse the decline of shipbuilding, buy enough naval aircraft, recapitalize Army equipment, buy the F-35 requirement, purchase a new aerial tanker, increase deep strike capability, and recapitalize the bomber fleet just by saving $10-15...
DDG-51 modernization(click to view full) BAE Systems recently announced that they will modernize 11 DDG-51 Arleigh Burke Class guided missile destroyers that are home ported in Norfolk, VA, under a potential $365 million contract with the U.S. Navy. The contract...
* Slash and Burn: First review of UK military spending in more than a decade could lead to a 25% across the board cut. Meanwhile, the cost of replacing their nuclear deterrent is causing havoc with planning. * WikiLeaks suspect transferred from detention in Kuwait to...
* Incredible Shrinking Budgets: Facing tightening defense budgets at home, European defense firms are looking to expand into service and support work and overseas markets. * Profits Take Off: Britain's BAE Systems and France's Thales both posted substantial profit...
* Free Fall: Boeing reports a 21% drop in second-quarter profits, but still beats dismal Wall Street estimates. Boeing release * Sideways: European lawmakers and defense experts are calling on the European Commission to investigate allegation of corruption in awarding...
* Beat the Street: Lockheed Martin, L-3 Communications surprise Wall Street by posting stronger than expected second quarter revenues and profits. Lockheed Martin release | L-3 release [PDF] * Show Me the Money?: US DoD is unable to account for 95% of the $9.1 billion...
* Keeping the Edge: US should ensure Israel maintains its qualitative edge in armaments when it approves arms sales to Israel's Arab neighbors - such as F-15s to Saudi Arabia - the Israeli defense minister tells the Washington Post during his US visit. * On Target:...
In July 2010, Odyssey International in Lancaster, PA received a $7 million firm-fixed-price contract for an addition to the existing Criminal Investigation Division lab at Fort Gillem, GA. Work will be performed in Fort Gillem, GA, with an estimated completed date of...