WASHINGTON --- A new Defense Department acquisition policy is designed to reduce delays and cost overruns that often plague the acquisition process, a senior defense official said today.>> John Young, undersecretary of defense for acquisition, technology and logistics, and a major force behind the new first major revision to the departments acquisition policy in more than five years, approved the policy Dec
>The South Korean Navy has commissioned Yung Yi, the second of three Type 214 submarines on order from Hyundai Heavy Industries. (ThyssenKrupp photo)On 28th November 2008 the Korean shipyard Hyundai Heavy Industries Ltd
McDonnell Douglas Corp., a wholly owned subsidiary of The Boeing Co
The Honorable John Young, Under Secretary of Defense for Acquisition, Technology and Logistics USD (AT&L) approved a major revision to the DoD Acquisition System (DoD Instruction 5000.02) today
KIRKUDBRIGHT, Scotland --- British troops could get a major increase in firepower thanks to a revolutionary gun system and advanced turret destined for their armoured fighting vehicles.>> Senior officials from the UK Ministry of Defence (MOD) and its French equivalent, the DGA, saw the system in action on a Warrior vehicle at the Kirkcudbright range in Scotland
MUNICH, Germany --- MTU Maintenance in November has been awarded nine contracts worth about 500 million euros and came on strong in a hotly contested market. "The deals we made again demonstrate that amid a difficult economic environment, MTU remains competitive and well positioned," commented Egon Behle, CEO of MTU Aero Engines
Aero Vodochody, the largest aviation manufacturer in the Czech Republic, submitted its tender offer regarding the purchase of PZL-Swidnik and thus has entered the next stage of PZL-Swidnik privatization process.>> According to the submitted offer, Aero wants to ensure PZL-Swidnik an equal position in the CEE aviation holding and plans to fully engage R&D potential of the Swidniks plant
SO JOS DOS CAMPOS, Brazil --- Embraer signed a firm order with Globalia, owned by Juan Jos Hidalgo, President of JJH Capital and Air Europa, for an additional six EMBRAER 195 jets, to be operated by Air Europa, a subsidiary of Globalia. The deal is valued at US$ 237 million, at list price, based on January 2008 economic conditions, and converts the purchase rights originally announced in February 2008
Greg Combet, Parliamentary Secretary for Defence Procurement, today announced that Defence has agreed to enter into a long-term agreement with Chemring Australia Pty Ltd for the in-country manufacture of pyrotechnics and air-expendable stores such as flares and chaff, deployed from military aircraft.>> Through the long-term contract arrangement, valued at approximately $160 million over 10 years, Chemring will invest approximately $18 million in plant and equipment at its facility in Lara, Victoria, to deliver leading edge technology tailored to meet the stringent requirements of Defence, Mr Combet said
ANKARA --- Thales announced today that the Turkish Navys future CN235 maritime patrol aircraft made its first flight this week.>> Modified by Thales and industrial partners TAI, Havelsan, Aselsan and Milsoft, the aircraft features the AMASCOS system (Airborne MAritime Situation and COntrol System) to provide Turkish naval forces with advanced anti-surface and anti-submarine warfare capabilities