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Palantir Selected to Deliver Prototype for Army’s Ground Station Modernization

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Palantir Technologies Inc. (NYSE:PLTR) announced today the Army (PEO IEW&S) down-selected it to deliver a prototype for the first phase of the Army’s Ground Station modernization in support of the Army’s Tactical Intelligence Targeting Access Node (TITAN) program. The contract value for this phase is $8.5 million, with a potential contract value of approximately $250 million … [Read more...] about Palantir Selected to Deliver Prototype for Army’s Ground Station Modernization

AeroVironment to Acquire Arcturus UAV, Expanding Product Portfolio and Reach into Group 2 and 3 Unmanned Aircraft Systems Segments

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AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems, and Arcturus UAV, Inc., a privately-held leading provider of Group 2 and 3 unmanned aircraft systems (UAS) and services, today announced that they have entered into a definitive agreement under which AeroVironment will acquire Arcturus UAV for a total purchase price of $405 million, including $355 … [Read more...] about AeroVironment to Acquire Arcturus UAV, Expanding Product Portfolio and Reach into Group 2 and 3 Unmanned Aircraft Systems Segments

Saab signs contract on MuMNS for Franco-British Maritime Mine Counter Measures (MMCM) programme

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Saab has received the first order from prime contractor Thales, acting as System Integrator of the end to end solution, for the Multi-Shot Mine Neutralisation System (MuMNS). The order value is approximately 300 MSEK and deliveries of the first systems will take place in 2022. The order received from Thales is part of the Franco-British Maritime Mine Counter Measures (MMCM) … [Read more...] about Saab signs contract on MuMNS for Franco-British Maritime Mine Counter Measures (MMCM) programme

Pentagon and Lockheed Martin Agree to $1.28B F-35 Sustainment Contract

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Continue to Improve Readiness and Support the Warfighter The F-35 Joint Program Office awarded the Lockheed Martin (NYSE: LMT) industry team a $1.28 billion Undefinitized Contract Action (UCA) to support operations and sustainment of the global F-35 fleet through June 30, 2021. "This contract ensures F-35s remain ready to fly and accomplish the warfighter's mission," said … [Read more...] about Pentagon and Lockheed Martin Agree to $1.28B F-35 Sustainment Contract