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Defense contractor CACI International Inc (CACI.N) has emerged as the top contender for Lockheed Martin Corp's (LMT.N) government information technology (IT) business, as the interest of rival bidders fades, people familiar with the matter said. Leidos Holdings Inc (LDOS.N) and Engility Holdings Inc (EGL.N), which were also considering offers, feel…

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Metals company Alcoa Inc said on Thursday it has signed two long-term supply contracts with plane manufacturer Boeing Co worth more than $2.5 billion that will be part of its value-added business once the company splits in the second half of 2016. One of the contracts is for fasteners and…

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The U.S. Army TACOM Lifecycle Management Command has awarded General Dynamics Land Systems a $92.2 million contract to upgrade M1A2 System Enhancement Package (SEP) v2 Abrams tanks to the M1A2 SEP Version 3 (v3) configuration. General Dynamics is working closely with the Army to improve the survivability, maintainability, fuel efficiency,…

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Lockheed Martin has received a $302.2 million contract from the U.S. Air Force for continued production of the Joint Air-to-Surface Standoff Missile (JASSM®) and its Extended Range (ER) version. The Lot 14 contract includes 146 baseline JASSMs for U.S. and international partners, 140 JASSM-ER missiles for the U.S., as well…

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The Obama administration formally notified Congress on Wednesday of a $1.83-billion arms sale package for Taiwan, including two frigates, anti-tank missiles, amphibious assault vehicles and other equipment, drawing an angry response from China. The authorization, which Reuters on Monday reported was imminent, came a year after Congress passed legislation approving…

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Airbus Group (AIR.PA) has shortlisted Carlyle (CG.O) and KKR (KKR.N) for the defence electronics unit it is selling, after the two U.S. buyout groups put in significantly higher offers than rivals, three people familiar with the matter said. German defence group Rheinmetall (RHMG.DE) as well as a consortium comprising peer…

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The U.S. Government Accountability Office on Tuesday dismissed Lockheed Martin Corp's (LMT.N) protest of a $6.75 billion Army contract for next-generation Humvees to Oshkosh Corp (OSK.N) after Lockheed said it would take the issue to federal court. Lockheed said it was considering all its options after the GAO refused to…

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The Secretary of State for Defence, the Rt Hon Michael Fallon MP has today announced a £13.5m contract to BAE Systems for 60 new Pacific 24 Rigid Inflatable Boats (RIBs) during a visit to Portsmouth Naval Base. This next generation Pacific 24 Mark-4 will be deployed on Royal Navy ships…

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Differences between India and Russia on a key project to jointly develop a military transport aircraft (MTA) are widening, with a high level intervention likely during Prime Minister Narendra Modi's visit to Moscow later this month to get things back on track. Officials in both countries have shared with ET…

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The U.S. Army Tank-automotive and Armaments Command (TACOM) Life Cycle Management Command (LCMC) has directed Oshkosh Defense, LLC, an Oshkosh Corporation (NYSE: OSK) company, to resume work on the Joint Light Tactical Vehicle (JLTV) production contract. The JLTV program fills a critical capability gap for the U.S. Army and Marine…