This event, held under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, is the leading global event for the defense industry and will showcase the future of defense through advanced technologies. The event is aligned with the Kingdom’s vision for enhancing the strategic autonomy of the nation and achieving localization of more than … [Read more...] about The World Defense Show is returning for its second edition from February 4-8, 2024 in Riyadh, Saudi Arabia
News
Lockheed Martin’s VISTA X-62A, a training aircraft, was flown by an AI agent for more than 17 hours
Lockheed Martin's VISTA X-62A, a training aircraft, was flown by an artificial intelligence (AI) agent for more than 17 hours recently, marking the first time AI engaged on a tactical aircraft. The X-62A VISTA is a one-of-a-kind training airplane developed by Lockheed Martin and Calspan Corporation for the U.S. Air Force Test Pilot School. The recent upgrades by the U.S. Air … [Read more...] about Lockheed Martin’s VISTA X-62A, a training aircraft, was flown by an AI agent for more than 17 hours
Amentum Awarded $487M Contract for Modernized Logistics Solutions for US Military Equipment
Amentum has been awarded a $487 million contract by the US Army to provide remote maintenance and distribution center services, including modernized logistics and sustainment solutions and field engineering, for a wide range of military equipment and systems. Under the program, Amentum will use predictive analytics and technology to provide multi-level sustainment solutions in … [Read more...] about Amentum Awarded $487M Contract for Modernized Logistics Solutions for US Military Equipment
Lumen Technologies has won a $223 million contract from DISA
Lumen Technologies has won a $223 million contract from the U.S. Defense Information Systems Agency to provide secure, mission-critical communications services to the U.S. Department of Defense. Lumen will supply the agency with hybrid-cloud voice and audio-conferencing services to support the Department of Defense's mission both domestically and overseas. The company is … [Read more...] about Lumen Technologies has won a $223 million contract from DISA
AMTAC Suppressors Launches Rebrand and Introduces New Over-Barrel Suppressor Series
SALT LAKE CITY, January 17, 2023 - AMTAC, one of the most respected firearm suppressor manufacturers in the world, today announced a new brand identity that reflects the innovation and strength of its products and tunes into one’s “Inner Warrior.” AMTAC’s new look and feel is inspired by Polynesian symbology and traditions. The company is also announcing a new over-barrel CQC … [Read more...] about AMTAC Suppressors Launches Rebrand and Introduces New Over-Barrel Suppressor Series
Elbit Systems Awarded a $180 Million Contract From the Israeli MOD to Provide a new Mission Training Center for its F-16 Fleet
HAIFA, Israel, Jan. 10, 2023 - Elbit Systems Ltd. (NASDAQ:ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded a contract in an amount of approximately $180 million from the Israeli Ministry of Defense (IMoD) to provide, operate and maintain the new Mission Training Center (MTC) for the Israeli Air Force's (IAF) F-16 fleet. The contract will … [Read more...] about Elbit Systems Awarded a $180 Million Contract From the Israeli MOD to Provide a new Mission Training Center for its F-16 Fleet
Fairbanks Morse Defense Launches First High-Speed Engine
BELOIT, Wis., January 09, 2023 - Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, is expanding its naval defense capabilities by offering the nForcer FM 175D engine, the defense contractor's first engine designed for high-speed applications. With more power density than competing high-speed engines in the maritime defense marketplace, the … [Read more...] about Fairbanks Morse Defense Launches First High-Speed Engine
L3Harris Receives VAMPIRE Contract for Ukrainian Security Defense Efforts
Highlights: Rugged system to provide life-saving defense against enemy unmanned aerial systems Specifically tailored for DoD’s Ukraine security assistance package Investments made in procurement, testing and certification to speed production MELBOURNE, Fla. - L3Harris Technologies (NYSE:LHX) announced today receiving a $40 million Department of Defense contract to … [Read more...] about L3Harris Receives VAMPIRE Contract for Ukrainian Security Defense Efforts
Germany Becomes Latest Country to Join the F-35 Lightning II Global Team
F-35 continues to be the choice of air forces across Europe FORT WORTH, Texas, Dec. 14, 2022 - The German Ministry of Defense announced today it is procuring 35 Lockheed Martin 5th Generation F-35 Lightning II aircraft. "Congratulations to Germany on procuring the F-35A. Germany is the ninth foreign military sales country to join the program," said Lt. Gen. Michael … [Read more...] about Germany Becomes Latest Country to Join the F-35 Lightning II Global Team
Does recession impact defense industry?
Yes, recessions can impact the defense industry. Like any other industry, the defense industry is subject to economic forces and can be affected by a downturn in the economy. During a recession, governments may have less money to spend on defense, leading to reduced demand for defense products and services. This can have a negative impact on the defense industry and the … [Read more...] about Does recession impact defense industry?