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Tag: partners

Lockheed nabs $70.2M for Aegis development for Navy, foreign partners

Lockheed nabs $70.2M for Aegis development for Navy, foreign partners

Business
June 9 (UPI) -- Lockheed Martin was awarded a $ 70.2 million contract to support Aegis development for the Navy, as well as the governments of Japan, South Korea and Norway, the Pentagon announced Tuesday. The contract funds Aegis weapon system upgrades to the U.S.S. Ticonderoga and U.S.S. Arleigh Burke, as well as Aegis ballistic missile defense and foreign military sales requirements. Advertisement It also supports continued technical engineering, configuration management, associated equipment/supplies, quality assurance, information assurance and other operations and maintenance efforts required for the Aegis development and test sites. The Aegis combat system is capable of simultaneous operations against multi-mission threats: anti-air, anti-surface and anti-submarine warfare. It was ...
Boeing nabs $3.1B in cruise missile deals for Saudi Arabia, other partners

Boeing nabs $3.1B in cruise missile deals for Saudi Arabia, other partners

Business
May 14 (UPI) -- The Navy awarded Boeing with a combined $ 3.1 billion in contracts this week for cruise missile weapon systems for foreign partners, including Saudi Arabia. "We are pleased to continue our long legacy of partnering with the Navy to build weapons that defend America and its international partners," Cindy Gruensfelder, vice president, Boeing Weapons, said in a press statement. The first of the two contracts -- a $ 1.9 billion deal for work on the Stand-off Land Attack Missile-Expanded Response, or SLAM-ER -- will support a redesign of the missiles, as well as production and delivery of 650 SLAM-ERs to Saudi Arabia through the Pentagon's Foreign Military Sales Program. The second is a $ 657 million contract modification that procures and delivers 467 Harpoon full rate produc...
Space Force, global partners to receive ‘Kobayashi Maru’ space tracking system

Space Force, global partners to receive ‘Kobayashi Maru’ space tracking system

Business
May 11 (UPI) -- The U.S. Space Force announced the development of a software package to track and monitor objects in space. The branch's Space Command and Control Program Office called the operational platform -- named Kobayashi Maru, for a training exercise depicted in a "Star Trek" episode -- a "breakthrough" of particular use to a five-nation coalition of space observers. The United States, Britain, Australia, New Zealand and Canada comprise the FVEY, or "Five Eyes" Alliance, which provides joint cooperation in signals intelligence, human intelligence and other forms of military intelligence to its members. Each government's intelligence community is involved in mutual collaboration. The United States' involvement includes the Central Intelligence Agency, the Defense Intelligence Agen...
Lockheed awarded $14.9M for work on F-35s for Navy, Air Force, partners

Lockheed awarded $14.9M for work on F-35s for Navy, Air Force, partners

Business
April 10 (UPI) -- Lockheed Martin was awarded a $ 14.9 million contract modification Friday for work on the F-35 for the the Navy, Air Force and some non-Pentagon participants, according to the Department of Defense. The deal modifies a contract originally awarded in 2018 and funds repair capability for the hydraulic power generation system under low rate initial production Lot 11 F-35s. In November Lockheed was awarded $ 184.5 million to establish organic depot level repair capabilities for the F-35 aircraft under a previously awarded low-rate initial production Lot 11 contract. Work on the contract will primarily be performed in Fort Worth, Texas, and Wolverhampton, Britain. Let's block ads! (Why?) Business News - UPI.com
RBI wants audit firm partners under lens to stay off banks

RBI wants audit firm partners under lens to stay off banks

Finance
Mumbai: Audit firm partners who are in the midst of any disciplinary proceedings will be barred from signing the balance sheet of any bank or even engage in the audit process. This is the latest directive to banks from the Reserve Bank of India (RBI) which over the last one year has placed significant responsibility on statutory auditors of commercial banks. Thus, even chartered accountant firms which face no ban either from the RBI or the court could be forced to pull out some of their senior partners from playing a role in any bank audit. “Even if one thinks such advice from the regulator carries an element of regulatory paranoia, it could well be part of an exercise to ensure that bank numbers do not throw up nasty surprises.. but, we don’t know how much all this would achieve,” a perso...