Oshkosh Defense sales rose by $23.8 million in the first quarter of 2024, marking a 4.6% increase from the same quarter last year, company executives reported today.
Thursday, April 25, 2024
Thursday, April 25, 2024
Key Issues Optical clocks Prototype funding SPAFORGEN
Oshkosh Defense sales rose by $23.8 million in the first quarter of 2024, marking a 4.6% increase from the same quarter last year, company executives reported today.
The Air Force sought to pursue several simultaneous multiyear procurement strategies for its munitions sets in the fiscal year 2024 budget, but Congress has excluded the AIM-120 Advanced Medium Range Air-to-Air Missile from the plan, Inside Defense has learned.
HII's Newport News Shipbuilding today announced it has delivered the Virginia-class submarine New Jersey (SSN-796) to the Navy, a milestone that demonstrates "forward momentum" for the struggling submarine industrial base, according to advocates in Congress.
Textron's helicopter sales increased by $106 million in the first quarter of 2024, company executives reported during a quarterly earnings call today.
DENVER -- Two months after the Army announced it would be cancelling the Future Attack Reconnaissance Aircraft program as part of a larger aviation rebalance, Sikorsky is putting the engine in its prototype aircraft to use in preparation for modernizing the Black Hawk instead.
The two senior officials in charge of Pentagon acquisition and technology said today that they are working on several promising projects for countering drones and low-cost missiles, including everything from acoustic detection systems to directed-energy lasers and high-powered microwaves.
Oshkosh Defense sales rose by $23.8 million in the first quarter of 2024, marking a 4.6% increase from the same quarter last year, company executives reported today.
HII's Newport News Shipbuilding today announced it has delivered the Virginia-class submarine New Jersey (SSN-796) to the Navy, a milestone that demonstrates "forward momentum" for the struggling submarine industrial base, according to advocates in Congress.
Vector Atomic, a small quantum precision company, told Inside Defense it will receive approximately $11 million in “APFIT” funding to help increase manufacturing of optical clocks that do not rely on vital materials from countries such as China and Russia, adding that the Defense Innovation Unit successfully integrated related Vector Atomic technology into an atomic gyroscope. (UPDATED)
The Defense Department announced the second tranche of projects selected to receive funding in fiscal year 2024 from the Accelerate the Procurement and Fielding of Innovative Technologies, known as APFIT.
The Navy plans to establish a new unmanned surface vessel squadron -- a new organization that will focus on tactics, techniques and procedures and the concept of operations for small USVs, according to a Navy official.
The Pentagon plans to pump an additional $1.7 billion -- a 75% increase over last year's plan between fiscal years 2025 and 2028 -- into the secretive shop that prototypes new and surprising ways of using existing technology to bolster conventional deterrence against China and Russia.
