Future Combat Systems

Comtech Receives $20.0 Million Order from Spectra Group to Service Multiple NATO and European Regional Orders for Next Generation Troposcatter Systems

Retrieved on: 
Thursday, November 9, 2023

The order will allow Spectra Group, the appointed regional distributor of Comtech’s Compact Over-the-Horizon Transportable Terminal (COMET), to service multiple orders already received, and several expected follow-on orders from undisclosed customers in the NATO and European regions.

Key Points: 
  • The order will allow Spectra Group, the appointed regional distributor of Comtech’s Compact Over-the-Horizon Transportable Terminal (COMET), to service multiple orders already received, and several expected follow-on orders from undisclosed customers in the NATO and European regions.
  • “Through this order from Spectra Group, Comtech is helping expand network agnostic, secure, and interoperable BLOS communications capabilities for our NATO and EU regional partners,” said Ken Peterman, President and CEO, Comtech.
  • In September 2023, Spectra Group announced the receipt of a $8.0 million order from UK MoD to equip 3 (UK) Division with Comtech’s COMET systems.
  • Spectra Group is now close to receiving additional orders for large quantities of Comtech’s COMET systems from other key NATO and European regional customers.

Quantum-Systems Inc. Accelerates Growth with Opening of Second Manufacturing Facility in U.S.

Retrieved on: 
Tuesday, September 19, 2023

MOORPARK, Calif., Sept. 19, 2023 /PRNewswire/ -- Quantum-Systems Inc., a leader in electric vertical take-off and landing (eVTOL) aerial intelligence solutions, today announced the opening of a second manufacturing facility in Moorpark, CA. The facility will allow the company to increase production capacity to support current and future demands from Defense and Security customers in North America and Latin America.

Key Points: 
  • The 20,000-square-foot facility will provide added flexibility for future expansion and growth opportunities.
  • MOORPARK, Calif., Sept. 19, 2023 /PRNewswire/ -- Quantum-Systems Inc. , a leader in electric vertical take-off and landing (eVTOL) aerial intelligence solutions, today announced the opening of a second manufacturing facility in Moorpark, CA.
  • The facility will allow the company to increase production capacity to support current and future demands from Defense and Security customers in North America and Latin America.
  • Quantum-Systems Inc.'s original location at 11943 Discovery Court will remain as the company's headquarters and secondary manufacturing site.

General Dynamics Reports Fourth-Quarter and Full-Year 2022 Financial Results

Retrieved on: 
Wednesday, January 25, 2023

For the full year, net earnings were $3.4 billion, up 4.1% from 2021, or $12.19 per diluted share, up 5.5% from 2021.

Key Points: 
  • For the full year, net earnings were $3.4 billion, up 4.1% from 2021, or $12.19 per diluted share, up 5.5% from 2021.
  • "We enjoyed a strong fourth quarter, capping a good 2022," said Phebe N. Novakovic, chairman and chief executive officer.
  • For the year, net cash provided by operating activities totaled a record-high $4.6 billion, or 135% of net earnings.
  • In the Aerospace segment, backlog grew in the quarter to $19.5 billion, up 19.8% from the year-ago quarter.

GA-ASI Introduces Gambit

Retrieved on: 
Thursday, March 3, 2022

Gambit is an Autonomous Collaborative Platform (ACP) designed through digital engineering to speed its time to market and lower acquisition cost, and it will deliver an extended and enhanced sensing capability.

Key Points: 
  • Gambit is an Autonomous Collaborative Platform (ACP) designed through digital engineering to speed its time to market and lower acquisition cost, and it will deliver an extended and enhanced sensing capability.
  • Working alongside human-piloted aircraft, Gambit will enable pilots to see deeper into hostile airspace, detect threats first, and provide time and space for critical decisions and actions.
  • Designed as an advanced concept aircraft, Gambit will use AI and autonomy to complete a variety of tasks without being prompted by an operator.
  • "Gambit is part of a broader Family of Systems strategy that began with Predator and Reaper, and continues in support of USAF's future force design concepts."

SAIC Among Awardees for $982 Million U.S. Naval Sea Systems Command Contract

Retrieved on: 
Thursday, May 7, 2020

Science Applications International Corp. (NYSE: SAIC) has been awarded a multiple award, indefinite-delivery, indefinite-quantity contract from the U.S.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC) has been awarded a multiple award, indefinite-delivery, indefinite-quantity contract from the U.S.
  • Naval Sea Systems Command (NAVSEA) with a ceiling value of $982 million to provide products and services within the Unmanned Surface Vehicle (USV) Family of Systems (FOS).
  • The contract carries a five-year period of performance and may extend to 10 years, if all options are exercised.
  • SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.