WASHINGTON, Oct 15- Indal Technologies, a unit of Curtiss-Wright Corp, has agreed to pay $3.5 million to resolve allegations that it knowingly sold defective military equipment to the U.S. Navy, the U.S. Justice Department said on Monday. Indal Technologies allegedly substituted a less-expensive type of steel used in helicopter landing systems for U.S. Navy...
CNBC's Morgan Brennan reports on the merger between L3 and Harris to create a $34 billion military giant.
BERLIN, Oct 11- U.S. weapons maker Lockheed Martin Corp and German peer Rheinmetall AG said on Thursday they will make a joint bid to supply the German navy with MH-60R Seahawk helicopters built by Lockheed's Sikorsky unit. The two firms are also cooperating on a bid to supply new heavy-lift helicopters to the German air force, as announced in February, for a...
BOGOTA, Sept 27- Colombia is looking into possibly buying a new system of anti-aircraft missiles as part of a bid to modernize its aerial defense, military sources said on Thursday. Three armed forces sources told Reuters that manufacturers from the United States, France and Israel were in the running to provide the system, which could cost more than $300 million.
WASHINGTON, Sept 20- The United States on Thursday imposed sanctions on a Chinese military agency and its director for buying defense equipment from Russia in breach of a sweeping U.S. sanctions bill enacted in 2017.. The U.S. State Department said it would immediately impose sanctions on China's Equipment Development Department, which oversees defense...
U.S. State Department officials said it would immediately impose sanctions against China's Equipment Development Department, which oversees defense technology, for engaging in "significant transactions" with Rosoboronexport, Russia's main arms exporter.
"The Air Force is too small for what the nation is asking us to do," Wilson told a small group of reporters ahead of a speech on Monday that will lay out her arguments. The Air Force analysis did not include a price tag and Wilson declined to speculate on costs. The Air Force estimate is likely to set the stage for greater debate about military spending priorities,...
CNBC's Leslie Picker reports on the iShares U.S. Aero and Defense ETF.
WASHINGTON, Aug 30- Boeing Co has been awarded a $805 million contract for design, delivery and support of four unmanned drones based on aircraft carriers that will be used to refuel aircraft for the U.S. Navy, the Pentagon said in a statement on Thursday. The Navy published a request for proposals in 2017 that sought a drone that could refuel, and extend the combat...
WASHINGTON, Aug 14- Lockheed Martin Corp has been awarded a U.S. Air Force contract worth up to $2.9 billion for three missile warning satellites, the Air Force said on Tuesday. Lockheed's Next-Generation Overhead Persistent Infrared Satellites will provide improved missile warning capabilities that are more survivable against emerging threats than the...
The move comes at a time when defense spending in the United States is increasing. The U.S. Senate passed a $716 billion defense policy bill on Wednesday, backing U.S. L3's new business, which is estimated to generate $4.7 billion in 2018 sales and will be called Intelligence, Surveillance& Reconnaissance Systems, will be headed by Jeffrey Miller, senior vice...
FARNBOROUGH, England, July 17- General Atomics Aeronautical Systems Inc said on Tuesday it had been selected by the Dutch Ministry of Defence to provide unmanned aircraft to the Royal Netherlands Air Force. The deal for the drones was first approved as a Foreign Military Sale by the U.S. State Department in 2015, when it was valued at $339 million.
FARNBOROUGH, England, July 17- Belgium is being offered a possible role in future European combat jet developments if it picks the Eurofighter Typhoon over the U.S.-built F-35, in a fierce contest to rearm the country's air force, a senior official with Britain's BAE Systems said. The sweetener comes as four nations behind the Eurofighter- Britain, Germany, Italy...
FARNBOROUGH, July 16- The U.S. State Department is negotiating a potential deal to sell Turkey the Raytheon Co Patriot missile defense system as an alternative to the Russian-made S-400 system Turkey has agreed to purchase, an official said on Monday. Assistant Secretary of Defense Kevin Fahey, the Pentagon's most senior official weapons buyer at the show, told...
Alessandro Profumo speaks about how Brexit could have an impact on his business.
John Harris speaks about the current business climate in the defense sector.
Kathy Warden, who currently acts as company president and COO of the global security company, has been selected by the board to step up as CEO in January.
*Military drone market expected to reach $9.4 bln by 2025. REHOVOT, Israel, July 12- Israeli defence firm Elbit Systems on Thursday unveiled a 1.6 tonne unmanned aircraft vehicle designed to fly in airspace currently reserved for piloted civilian planes as a race heats up to deploy military drones outside combat zones. "We are getting a lot of interest from other...
TOKYO, July 6- Northrop Grumman Corp is eyeing a Japanese jet fighter project that could pit it against Lockheed Martin Corp, three sources said, almost three decades after it lost a similar competition to build an advanced stealth jet for the U.S. Air Force. Northrop Grumman has provided Japan with a menu of technologies it could contribute to the...
*Japan military planners still see N. Korea as threat. TOKYO, July 3- Japan has selected Lockheed Martin Corp's advanced radar for its multibillion-dollar missile defense system, a Japanese defense ministry official with direct knowledge told Reuters on Tuesday on condition of anonymity. Japan plans to buy two Aegis Ashore batteries to be deployed in 2023 in an...
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