Rapid Fire 2011-04-27: Tactical Cryptologic SystemsApr 26, 2011 22:46 UTC by Defense Industry Daily staff
- The Pentagon is launching a preferred supplier program. Companies who receive high marks in the Defense Department’s performance-tracking system may see better performance payments and other rewards. The Pentagon will also encourage more use of contract provisions that provide companies a share of any savings they produce on existing programs, under its broader “Better Buying Power Initiative.” If they have not yet taken an in-depth look at Chrysler’s 1990s supplier initiatives, they ought to.
- Lockheed Martin’s net income fell slightly to $530 million for the first quarter of 2011, despite a 3% increase in sales.
- India is reportedly getting close to awarding $1 billion contract for intermediate trainers. Of course, “close” is a relative term when we’re talking about India. The contenders include turboprops like Embraer’s EMB-314 Super Tucano, Pilatus’ PC-7 Mk.II, KAI’s KT-1, and the side-by-side Grob 120TP; and Alenia Aermacchi’s M-311 jet.
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