Procurement & Contracts - currentdefencenews.com

October 24, 2024
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Land Platforms

U.S. Army Grants Raytheon $676 Million in TOW Missile Contracts

Raytheon has delivered more than 700,000 Tube-launched, Optically-tracked, Wire-guided (TOW) weapon systems to the U.S. military and allied forces globally. Since 2003, the TOW missile has been employed in...

October 23, 2024
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Missile and Missile Defense

Australia unveils $4.7 billion purchase plan for US air defense missiles.

Australia announced this week a $4.7 billion acquisition of US-made SM-2 and SM-6 missiles—top-tier air defense interceptors—in a substantial foreign military deal. The two governments concluded the agreement this...

October 23, 2024
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Air Platforms

Lockheed Martin’s Finances Impacted by F-35 Upgrades and Contract Hold-Ups

Lockheed Martin officials, speaking on an earnings call, anticipate closing a deal with the U.S. government for the 18th and 19th F-35 lots by year’s end. However, contract delays...

October 22, 2024
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Land Platforms

India Quietly Adds Fourth Nuclear-Powered Submarine; Former Project Chief Calls First Vessel a “Historic Milestone”

India has secretly launched its fourth indigenously made nuclear-powered ballistic missile submarine, S-4*, capable of carrying nuclear missiles. The first SSBN was launched in 2009 and entered service in...

October 21, 2024
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Unmanned Systems

Turkey Intends to Give Albania a Major Shipment of Kamikaze Drones

Albania will receive a “significant number” of loitering munitions from Turkey, a move that highlights their strengthening alliance. The gesture is not aimed at any adversary. Information about the...

October 21, 2024
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Unmanned Systems

Poland Moves to Strengthen Bayraktar TB2 Drone Operability via New Contract

Poland will enhance the functionality of its 24 Bayraktar TB2 drones by signing a new support and logistics contract with Baykar, the Turkish manufacturer. The NATO Support and Procurement...

October 20, 2024
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Unmanned Systems

India’s ISR Operations Experience a Significant Boost

India’s lack of surveillance during the 1999 Kargil conflict became apparent. Identifying enemy positions was delayed. Notably, an IAF pilot innovated by flying a MiG-21 with a Handycam to...

October 18, 2024
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Naval Platforms

HD Hyundai Heavy Industries launches construction of the last next-generation Aegis destroyer.

HD Hyundai Heavy Industries has begun constructing the third and final next-generation Aegis destroyer, a part of South Korea’s Korean Air and Missile Defense (KAMD) system. The groundbreaking for...

October 18, 2024
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Land Platforms

South Korean Homar-K Chunmoo Multiple Rocket Launchers Arrive in Poland for Artillery Units

Poland’s delivery of four Homar-K launchers comes from a 2022 order for 218 modules. This supports the country’s artillery modernization, developed with international partners. The Polish Armed Forces will...

October 18, 2024
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Land Platforms

Saudi Arabia Pursues Expansion of Local Helicopter Manufacturing Alongside Leonardo

Saudi Arabia is in talks with Leonardo to enhance their partnership by bringing helicopter component production to the kingdom. The agreement would also cover maintenance and repair services, and...