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Tag: parts

Canadian Commercial to provide spare parts for U.S. Navy surface ship sonars

Canadian Commercial to provide spare parts for U.S. Navy surface ship sonars

Business
Nov. 8 (UPI) -- Canadian Commercial has been awarded a $ 10 million contract by the U.S. Navy for the refurbishment and manufacturing of the TR-343 sonar transducer tube assemblies for repair purposes. The TR-343 transducer is used in the AN/SQS-53C hull-mounted sonar array for the AN/SQQ-89(V) sonar weapons system. Manufacturing of the tube assemblies is expected to run through November 2023 under the Navy contract. The AN/SQQ-89(V) Surface Ship ASW Combat system is an integrated undersea warfare suite designed to detect, track, provide targeting data and engage enemy submarines, mines, and other underwater systems. It collects data from a variety of sonar systems such as towed-arrays, sonobuoys and other active and passive systems into one sensor picture, allowing better situational awa...
Boeing, U.S. ink contract for P-8 aircraft spare parts

Boeing, U.S. ink contract for P-8 aircraft spare parts

Business
Aug. 3 (UPI) -- The U.S. Defense Department has awarded a $ 13.3 million Defense Logistics Agency contract to Boeing for a P-8 aircraft spare parts. The deal is part of a five-year ordering agreement between the agency and Boeing, which will carry out the work in Missouri and supply the parts before a March 16, 2020, completion date, according to a Defense Department announcement Thursday. Boeing bills its P-8 as aircraft "designed for long-range anti-submarine warfare; anti-surface warfare; and intelligence, surveillance and reconnaissance missions." The P-8, measuring nearly 130 feet in length, is a military variation of Boeing's seminal 737 commercial aircraft. Let's block ads! (Why?) Business News - UPI.com
Tax planning has two parts: Are you taking care of both?

Tax planning has two parts: Are you taking care of both?

Finance
"Tax planning should be seen as part of financial planning and not be addressed in isolation," said, Gaurav Monga, CFP, while speaking at the ET Wealth Investment Workshop in Delhi yesterday. Explaining further, he said: "Tax planning should be mapped to your overall financial goals and objectives. Also, planning to save your taxes should be an annual exercise whether you earn your income from salary or business." According to Monga, tax planning has two parts: a) Reducing your tax liability on the different types of income earned by you such as salary, interest and so on. b) Reducing your tax liability by investing in tax saving instruments which directly reduces the tax payable on your income. While investing to save tax, most of us make investments which are not suitable for meeting...
EU firms advised not to use British parts ahead of Brexit

EU firms advised not to use British parts ahead of Brexit

Business
European governments are advising businesses not to use British parts in goods for export ahead of Brexit, Sky News has established.  In its advice rolled out to all Dutch businesses, the Dutch government has told its exporters that "if a large part of your product consists of parts from the UK" domestic exporters may lose free trade access under existing deals.The advice says: "Brexit will have consequences for exports outside the EU."After Brexit, parts made in the UK no longer count towards this minimum production in the European Union." Image: The Dutch Brexit Impact Scan says exporters may lose free trade access if they use UK parts This is a reference to what are known as "rules of origin" and "local content" under internati...
Navy awards Lockheed $481M for F-35 spare parts

Navy awards Lockheed $481M for F-35 spare parts

Business
March 16 (UPI) -- Lockheed Martin has secured an additional $ 481 million from the U.S. Navy's Naval Air Systems Command for the procurement of spare parts in support of F-35 Lightning II production efforts, the second contract the company has been awarded this week related to the F-35.The new cost-plus-fixed fee delivery order, announced Thursday by the Department of Defense, amends a previously issued basic ordering agreement for the F-35 for the Air Force, Marine Corps, Navy, non-DoD participants and foreign military sales customers.The work, which is expected to be completed by June 2022, will be performed in Fort Worth, Texas, El Segundo, Calif., Orlando, Fla.,Nashua, N.H., Baltimore, Md., Warton, Britain, and Nagoya, Japan.The Naval Air Systems Command, Patuxent River, Maryland, is t...