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GenDyn contracted for upgrades to Navy electronic warfare system

GenDyn contracted for upgrades to Navy electronic warfare system

Business
May 4 (UPI) -- General Dynamics has been awarded a contract by the U.S. Navy for services in support of the Surface Electronic Warfare Improvement Program.The deal, announced by the Department of Defense, is valued at more than $ 9.7 million under the terms of a firm-fixed-price, which is a modification to a previous Pentagon award.The contract from Naval Sea Systems Command enables General Dynamics to provide Block 1B3 full-rate production in support of the Surface Electronic Warfare Improvement Program, the Defense Department said.The program is designed to upgrade the AN/SLQ-32(V) electronic warfare system, which will ultimately include "enhanced shipboard electronic warfare for early detection, analysis, threat warning, and protection from anti-ship missiles." The Block 1 upgrades are ...
View: India's banking system requires stronger watchdog

View: India's banking system requires stronger watchdog

Finance
By Ila PatnaikTo many economists, the solution to India’s bad-loan crisis appears as obvious as the problem: Privatize state-owned banks, which have racked up billions more in soured loans and performed much worse than their private-sector counterparts. Yet, unless the government first strengthens its ability to supervise all banks, public and private, selling some of them off will be slim guarantee against another crisis. One can understand the urge to privatize. A long-mooted bankruptcy law finally passed last year allows any single creditor to initiate the bankruptcy process. This has disrupted the earlier cozy system, whereby banks hid the full extent of their soured loans and the Reserve Bank of India, which oversees the sector, looked the other way. As bad loans tumbled out of the cl
Climate change dials down Atlantic Ocean heating system

Climate change dials down Atlantic Ocean heating system

Science
A significant shift in the system of ocean currents that helps keep parts of Europe warm could send temperatures in the UK lower, scientists have found.They say the Atlantic Ocean circulation system is weaker now than it has been for more than 1,000 years - and has changed significantly in the past 150. The study, in the journal Nature, says it may be a response to increased melting ice and is likely to continue.Researchers say that could have an impact on Atlantic ecosystems.Scientists involved in the Atlas project - the largest study of deep Atlantic ecosystems ever undertaken - say the impact will not be of the order played out in the 2004 Hollywood blockbuster The Day After Tomorrow.But they say changes to the conveyor-belt-like system - also known as the Atlantic Meridional Overturnin...
Raytheon awarded contract for AN/ALR-69A radar receiver system

Raytheon awarded contract for AN/ALR-69A radar receiver system

Business
March 30 (UPI) -- The U.S. Air Force has awarded a contract to Raytheon Self Protect Services for work on its AN/ALR‐69A digital Radar Warning Receiver system.The indefinite-quantity contract, worth $ 460 million, includes the design, creation and testing of line replaceable units and shop replaceable units for the system, the Defense Department announced on Thursday.Raytheon, a Massachusetts-based company, submitted the only bid for the contract. It will work on the deal in Goleta, Calif., and Forest, Miss., and will complete work by March 2025.The Defense Department obligated funds at the time of the contract's announcement using fiscal 2016 and 2017 National Guard and Reserve Equipment Account procurement funds and fiscal 2017 research, development, test and evaluation funds.The AN/ALR‐
InDyne to support Solid State Phased Array Radar System

InDyne to support Solid State Phased Array Radar System

Business
March 6 (UPI) -- InDyne Inc., was awarded a contract for services in support of the Solid State Phased Array Radar System.The deal, announced Monday by the Department of Defense, is valued at more than $ 417.7 million under the terms of a firm-fixed-price contract.The agreement between InDyne Inc. and the U.S. Air Force will provide operation and maintenance services for the Air Force's Solid State Phased Array Radar System. The complex system provides continuous coverage and monitoring of potential missile threats, including space.Specifically, the Pentagon says InDyne will provide for "all non-personal services, administrative, financial, and managerial resources necessary on a continuous 24-hours-a-day, 7-days-a-week basis to support the five Solid State Phased Array Radar System instal...