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German covettes to receive OTO 76/62 Super Rapid naval gun system

German covettes to receive OTO 76/62 Super Rapid naval gun system

Business
Nov. 1 (UPI) -- Leonardo announced a deal on Thursday to mount its new defense gun system on new German naval ships. The new deal calls on Leonardo to provide seven OTO 76/62 Super Rapid systems to equip the new K130 corvettes of the German Navy. "The signing of the contract strengthens the historical collaboration with the country and with the Agency," the company said in a press release. "Leonardo has indeed provided the first naval artillery systems, in particular the 76/62 Compact, starting from the 70s; the most recent supplies include the 127/64 Vulcano naval guns and the Hitrole 12.7 turrets currently on board the F125 Frigate." Leonardo's OTO 76/62 is powered by a control console that can be incorporated into any type and class of ship, even smaller units. The system's medium-cali...
Raytheon, Lockheed receive contract for Javelin missile upgrades

Raytheon, Lockheed receive contract for Javelin missile upgrades

Business
Aug. 24 (UPI) -- Raytheon and Lockheed Martin's Javelin joint venture company has received a $ 14 million contract modification for Javelin Weapon System modernization. Work on the contract, announced Thursday by the Department of Defense, will be performed in Tucson, Ariz., with an estimated completion date of September 2020. Army fiscal 2017 and 2018 research, development, test and evaluation funds in the amount of $ 14.3 million were obligated at award. The FGM-148 Javelin is a man-portable anti-tank missile used by the U.S. and many allied countries. The missile has a "fire-and-forget" infrared guidance system that requires no course corrections from the operator after launch. The Javelin can target moving vehicles, fixed fortifications, troops in the open and low-flying helicopters. ...
Choosing how and when to receive pension benefits

Choosing how and when to receive pension benefits

Finance
Pensions were common when it was typical to work for a company for 20 or 30 years and then retire with a gold watch and a full package of retirement benefits. When speaking about retirement savings, there was the “three-legged stool” of retirement income: personal savings, Social Security benefits and a pension. In this retirement-saving strategy, pension and Social Security benefits provided a guaranteed monthly income for the rest of the retiree’s life. Times have changed quite a bit over the last couple of decades. Driven mostly by employers’ desire to reduce their long-term liability exposure, pens...
Buffalo Bills QB Josh Allen to receive first-team reps at minicamp

Buffalo Bills QB Josh Allen to receive first-team reps at minicamp

Sports
Buffalo Bills rookie quarterback Josh Allen will receive his first opportunity to work with the projected starting unit this week, Bills head coach Sean McDermott said on Tuesday. Allen, who was selected by the Bills with the seventh overall pick of the 2018 NFL Draft, will spend most of his time with the third-team group. McDermott noted that the 6-foot-5, 237-pound Allen will get occasional snaps with the starters, however. "He's worked hard ... this has been part of the plan from the start. But give Josh credit, he's earned it," McDermott said, per Sal Capaccio of WGR 550. Quarterbacks Nathan Peterman and A.J. McCarron have taken the starting reps thus far this offseason for the Bills. McCarron, signed as a free agent in March after being a backup with the Cincinnati Bengals, is t...
Israel to receive F-35 air vehicle deliveries

Israel to receive F-35 air vehicle deliveries

Business
Feb. 16 (UPI) -- Lockheed Martin has been awarded a contract for procurement of initial air vehicle spares for F-35 air vehicle deliveries in support of the government of Israel.The deal, announced Friday by the Department of Defense, is valued at $ 13.9 million, the Pentagon said in a press release.The agreement between the Navy and Lockheed Martin taps the company to provide initial air vehicle spares to include endurance spares packages for Israel.Work on the contract will occur in multiple locations within the United States and foreign countries and is expected to be completed in December 2021.The total amount of the contract will be obligated to Lockheed Martin at time of award, which will not expire at the end of the current fiscal year, according to the Pentagon.Let's block ads! (Wh...