The American defense manufacturing companies appear to be benefitting from US led air-strikes in Iraq and Syria against Islamic State. Bloomberg in September just before airstrikes in Syria reported defense firms Lockheed Martin, Northrop, Raytheon and General Dynamics Corporation are all set to trade at record prices
Raytheon has received a contract award from Rafael Advanced Defense Systems Ltd. valued at $149
The Japanese Maritime Self-Defense Force (JMSDF) has reportedly begun sea trials of its largest helicopter carrier, the JS Izumo on September 29. Izumo and another unnamed ship will replace the JMSDFs two Shirane-class destroyers JS Shirane and JS Kurama respectively
Raytheon won a $251 million contract to supply Tomahawk Block IV tactical cruise missiles to U.S
Raytheon is partnering with TELDAT to develop and produce advanced militarized routers for the Patriot Air and Missile Defense system. TELDAT engineers and technicians will design, integrate and qualify this key communications networking technology for Patriot
Arms deals that come with hefty price tags are being cancelled in growing numbers with governments preferring to procure weapons for lower costs or develop them indigenously. Earlier this year, India cancelled a $650 million deal with BAE Systems for the procurement of M-777 howitzers
The US Navy will outfit the USS Ponce, an amphibious vessel with a Laser Weapon System (LaWS) and will begin sea testing in the Persian Gulf later this year heralding an era of practical laser weapons which may ultimately replace short range cannons and missiles. After it completes testing it should be capable of shooting down drones or disabling small attack boats at an energy cost of just $1 per shot
Under a $117 million contract awarded to Raytheon, Raytheon Missile Systems has begun production of the TALON Laser Guided Rocket. In 2013, the Armed Forces General Headquarters of the United Arab Emirates awarded Tawazun a contract to procure the TALON Laser Guided Rocket
The UK defence establishment could be significantly impacted if Scottish voters vote “yes” on the Sept. 18 referendum over independence from the UK
Raytheon has won a $109 million engineering-services contract to ensure readiness of the Patriot air missile and defense system from the U.S Army Aviation and Missile Command Wednesday