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Defense Daily, Friday, November 2, 2018, Vol. 280, Issue 25

AM General Invests In Company Developing Mobile Artillery Systems

Humvee maker AM General on Thursday said it has made a strategic investment in Mandus Group to accelerate efforts to develop a lightweight self-propelled howitzer system that is integrated on the bed of a modified Humvee.Terms of the investment were not disclosed. AM General said that the investment deepens its relationship with Mandus Group, expanding…

Army Tests Future Command Post Mission System At Last NIE Exercise

FT BLISS, Texas--The Army is handing over its future command post mission system to soldiers this week at its last Network Integration Evaluation, with the goal of using immediate soldier feedback to finalize requirements ahead of a 2019 fielding decision.Soldiers participating in the NIE at Ft. Bliss in Texas and White Sands Missile Range in…

Inhofe Bill Would Provide $25 Billion For Trump's Border Wall

Sen. Jim Inhofe (R-Okla.) on Thursday introduced legislation that would fully fund the $25 billion President Trump is seeking to erect new and replacement wall and barrier structures along the U.S. southern border with Mexico.To offset the $25 billion in proposed funding, Inhofe’s WALL Act would increase minimum fines levied on illegal border crossers, require…

Soldiers Testing Army’s Two Options For New Vehicle Command System At NIE

FT BLISS, Texas--Army officials gathering at this week’s tactical network exercise here will evaluate the two possible options for the service’s future vehicle-mounted mission command system, with the goal of informing critical design choices ahead of a fiscal year 2019 production decision.Soldiers participating at the Network Integration Evaluation will run through live and virtual operations…

Study of Nuclear, Sea-Launched Cruise Missile To Begin in FY 2020

The Department of Energy and the Pentagon could be studying a new nuclear-armed, sea-launched cruise missile by this time next year, the Energy Department’s semiautonomous National Nuclear Security Administration (NNSA) said this week in an annual report on its nuclear-weapon programs.The Trump administration called on DoE to research the weapon in the Nuclear Posture Review…

CACI Opens New Fiscal Year With Strong Results

CACI International [CACI] on Wednesday afternoon reported a strong first quarter with higher earnings and sales and the company raised its earnings guidance for the rest of the year.Net income soared 88 percent to a record $78.8 million, $3.10 earnings per share (EPS), from $42 million ($1.67 EPS) a year ago, topping consensus estimates by…

Defense Sectors Largely Contributing to House GOP Leaders

With the 2018 midterm elections just days away, national polls continue to weigh the possibility that Democrats may take the House, which would lead to a considerable shakeup of leadership, including the Armed Services and Appropriations Committees.But campaign fund information compiled by the Center for Responsive Politics shows that as of Oct. 17, defense companies…

Harris Delivers Sixth GPS III Payload to Lockheed Martin

Harris Corp. [HRS] has delivered its sixth advanced navigation payload to Lockheed Martin [LMT] as part of the Air Force’s GPS III satellite program, the company said Nov. 1.The latest payload is the third GPS III system that Lockheed Martin has received from Harris in the last 12 months, the company said in a release.…

Lockheed Martin Wins $366 Million South Korea Aegis Contract

The Naval Sea Systems Command (NAVSEA) awarded Lockheed Martin [LMT] a $366 million contract to build and integrate DDG Aegis Weapon System baseline K2 into South Korea ships.Under the Oct. 31 Foreign Military Sales (FMS) contract, the company will provide for combat system installation, staging and integrated logistics support required to install, test and deliver…

Romania Buys Three More Patriots

The Romanian government signed an agreement with the U.S. Army to purchase three more Raytheon [RTN] Patriot air and missile defense systems, the company said Thursday.Romania previously brought its first system under contract in May, procured through the Defense Department’s foreign military sales (FMS) program. It is repeating the process here, transferring funds to the…