Business

HII awarded $727.4M contract for Virginia-class sub materials

April 15 (UPI) — General Dynamics has awarded Huntington Ingalls Industries a $727.4 million contract for materials for the U.S. Navy’s Virginia-class submarines. The new funding contract brings the overall value of the contract to $1.04 billion for long-lead-time material to support construction of Block V submarines, HII announced Friday. The Newport News Shipbuilding division in Virginia will perform the ...

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U.S. Defense officials lay out plans for Space Force

April 12 (UPI) — Top Defense Department officials have detailed plans to develop the Space Force, including a massive network of satellites, recognizing that the “status quo is not sufficient” to confront adversaries in outer space. Acting Defense Secretary Patrick M. Shanahan on Thursday appeared before the Senate Armed Services Committee with Marine Corps Gen. Joe Dunford, chairman of the ...

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GAO: Cost for president’s new 23-helicopter fleet drops $234M

April 12 (UPI) — The cost to replace the U.S. president’s aging helicopter fleet is some $234 million less than budgeted in 2014, the Government Accountability Office said. As of last May, the total acquisition costs for the Sikorsky VH-92A presidential helicopter program were estimated at $4.95 billion, which is a 4.5 percent decline from the $5.18 billion estimated in ...

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Saab awarded $18M to supply Australian Army with M4 weapons system

April 12 (UPI) — Saab was awarded an $18 million contract supply the Australia’s Army with its latest version of the portable bazooka-type weapons system. In 2020, Saab plans to send to Australia the Carl-Gustaf M4 rocket launcher weaponSwedish company announced Thursday. The order originally was placed last September. “We are happy to see that the Australian Army keeps investing ...

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NATO to use THAAD in Romania this summer

April 11 (UPI) — The United States will temporarily deploy its THAAD anti-missile protection system in Romania this summer, U.S. European Command said Thursday. The land-based THAAD system, which stands for Terminal High Altitude Area Defense, will be used by NATO for its Ballistic Missile Defense systems while the international alliance’s existing Aegis Ashore Missile Defense System goes through maintenance ...

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