« Archive »

Defense Daily, Tuesday, December 18, 2018, Vol. 250, Issue 51

BAE, GD Nab Army Awards To Prototype New Light Tank

BAE Systems and General Dynamics [GD] have each been selected by the Army to build 12 prototypes for the Army’s new light tank for its infantry brigades.The two companies beat out a bid by Science Applications International Corp. [SAIC] to move on in the Mobile Protected Firepower (MPF) program.BAE Systems' vehicle model for the MPF…

DoD's Lord Wants a Rewrite of Section 5000 Acquisition Rules in 2019

The Pentagon’s top acquisition leader has an ambitious goal for 2019: to rewrite the department’s list of major procurement system rules known as Section 5000.02.The goal is to allow program managers and contracting officers to have more “creative compliance” when it comes to developing their contracts to build a speedier, more flexible process, Ellen Lord,…

Boeing, Embraer Agree On Joint Ventures For KC-390, Commercial Aviation

Boeing [BA] and Brazil’s Embraer [ERJ] have finalized agreements on joint ventures for the KC-390 multi-mission medium airlift aircraft and commercial aviation, with the deals expected to close by the end of 2019.Embraer will have a controlling interest, 51 percent, in the joint venture for the KC-390 that will be focused on development, manufacture and…

Canada To Incur Billions In Losses If Saudi LAV Deal Is Terminated, GD Says

The Canadian government is considering terminating an armored vehicle deal with Saudi Arabia, and manufacturer General Dynamics [GD] on Monday said the decision could cost the country billions in losses. Prime Minister Justin Trudeau announced Sunday he is looking into ending the potentially $13 billion deal to deliver General Dynamics Land Systems-Canada’s (GDLS-C) LAV fighting…

Boeing Boosts Dividend, Share Repurchase Authorization

Boeing [BA] on Monday said is raising its dividend payment by 20 percent and increased its share repurchase program by $2 billion.The new quarterly dividend payment will be $2.055 per share, payable on March 1, 2019.The new share repurchase authorization is $20 billion and it replaces an $18 billion program authorized last December. Under the…

IG Says DoD Not Properly Protecting Technical Missile Defense Info

A Defense Department Inspector General (IG) report released Dec. 14 said officials are not consistently implementing security controls to protect ballistic missile defense system (BMDS) technical information.The IG found officials at unspecified agencies “did not consistently implement security controls and processes to protect BMDS technical information.”The report,  Security Controls at DoD Facilities for Protecting Ballistic Missile…

Alexander, Top Senate Appropriator for Civilian Nuke-Weapon Agency, to Retire

Sen. Lamar Alexander (R-Tenn.), who this year secured full construction funding for a crucial defense-uranium plant in his home state, on Monday announced he will leave the Senate after 2020.Alexander chairs the crucial Senate Appropriations energy and water subcommittee, in which capacity he is the gatekeeper for upper chamber funding of the Department of Energy’s…

Leonardo Says Cyber Attacks On Assets Up 110 Percent From 2016 Through 2018

Leonardo's Computer Emergency Response Team (CERT) convened cyber security experts on Dec. 13 in Rome for a Cyber Shield exercise, as the company said that cyber attacks on company assets were up 110 percent between 2016 and this year. Leonardo said that the "exponential" growth in such attacks has put a premium on "expert-level training" to…

Lockheed Martin, Universal Synaptics Partner to Address Fighter Jet Faults

Lockheed Martin [LMT] will be the systems integrator of two Universal Synaptics automated test equipment solutions across key Defense Department programs under a new intermittent fault detection technology licensing agreement.The Universal Synaptics automated test equipment (ATE) Lockheed Martin will be responsible for are the Isolation System 2.0 (IFDIS2) and the Voyager Intermittent Fault Detector (VIFD),…