Department of Defense & Industry Daily News
Advertisement
Defense program acquisition news, budget data, market briefings
  • Contact
    Editorial
    Advertising
    Feedback & Support
    Subscriptions & Reports
  • Subscribe
    Paid Subscription
    in-depth program analysis & data sets
    Free Email Newsletter
    quick daily updates
    Google+ Twitter RSS
  • Log in
    Forgot your password?
    Not yet a subscriber? Find out what you have been missing.
Archives by date > 2006 > August > 10th

Avio ‘Acquired’ for EUR 2.57B

Aug 10, 2006 13:00 UTC

CORP_Avio_Logo.gif

European private equity firm Cinven has acquired aerospace manufacturer Avio SpA from The Carlyle Group and Finmeccanica for EUR 2.57 billion, significantly surpassing the EUR 1.5-1.6 billion paid by Carlyle and Finmeccanica in September 2003 when they bought the aerospace arm of FiatAvio SpA. Carlyle owned 70% of the company, with Finmeccanica owning the remaining 30%… but Cinven’s release notes Finmeccanica’s “reinvestment” in the company so this may simply be an investment group shuffle.

The transaction is expected to close in October 2006 and is subject to the approval of the relevant competition authorities. So, who is Avio, for those who don’t know?

Continue Reading… »

Up to $336.3M Devoted to Detailed Design of DDG-1000

Aug 10, 2006 07:51 UTC

Advertisement
DD(X)

DDG-1000 concept

The mission of the DDG-1000 Zumwalt Class is to provide naval gunfire support and next-generation AEGIS air defense in near-shore areas where other large ships hesitate to tread, possibly even as the anchor for an action group of stealthy Littoral Combat Ships and submarines. The estimated 12,000t (cruiser sized) Zumwalt Class is also envisioned as a “hidden card” that can use its overall stealth to act as an uncertainty generator for enemy forces. At over $3 billion per ship for construction alone, and only 3-8 ships to be built in the class, it will need to do a lot to justify itself, and avoid fulfilling Secretary of the Navy Donald Winter’s fears for the fleet. A follow-on CG (X) cruiser is currently contemplated, and the success of the DDG-1000 Program will have a significant influence on whether that ever comes to fruition. See all DID coverage related to the DD (X)/ DDG-1000.

General Dynamics subsidiary Bath Iron Works Inc. (BIW) in Bath, Maine recently received a $115.8 million cost-plus-award-fee/ cost-plus-fixed-fee contract for DDG-1000 Zumwalt Class Destroyer detailed design, and procurement of vendor furnished information (VFI) in support of the detailed design. The total value of the detail design effort is actually $336.3 million. This initial award consists of $78.5 million funded at contract award, plus a not-to-exceed (NTE) line item for procurement of “vendor-furnished information” valued at $37.3 million, for a total of $115.8 million. Note that the maximum amount for which the government is liable under the NTE line item prior to definitization is $18.6 million, so the $115.8 million total may not be reached. The remaining detail design efforts are included in a priced option valued at $257.7 million. Work will be performed in Bath, ME and is expected to be complete by December 2008. Per the previous contract announcement, this contract was not competitively procured by the Naval Sea Systems Command in Washington DC (N00024-06-C-2303).

Continue Reading… »

$34.9M to FLIR Systems for Special Ops Laser Markers

Aug 10, 2006 04:27 UTC

GEAR_FLIR_Recon-III_Forward_Observer.jpg

Not an ETS or SOFLAM

FLIR Systems Inc. in N. Billerica, MA received a maximum $34.9 million firm-fixed-price, indefinite-delivery/ indefinite-quantity contract for enhanced targeting sights (ETS) for the AN/PEQ-1 Special Operations Forces Laser Marker (SOFLAM) system. The ETS is a companion sight for the SOFLAM. The system uses a special image intensifier that will “see” the wavelength of a single range finding pulse, as well as the repetitive pulses of precision munitions guidance laser designating a target. The ETS increases the accuracy of the SOFLAM by allowing operators to view the laser spot and target the scene simultaneously.

Work will be performed in North Billerica, MA and is expected to be complete by August 2011. The contract was not competitively procured by the Naval Surface Warfare Systems, Crane Division in Crane IN (N00164-06-D-8582). Note: this Popular Mechanics article covering AFSOCOM may have a SOFLAM system in the main photo.

Continue Reading… »

Up to $54.2M for Time Charter of Dry Cargo Ammo Ship

Aug 10, 2006 03:07 UTC

SHIP_T-AK_USNS_William_H_Pitsenbarger.jpg

USNS W.H. Pitsenbarger

Red River Holdings in Rockville, MD received a $9.9 million firm-fixed priced contract with additional reimbursables for the time charter of MV A1C William H. Pitsenbarger (T-AK 4638), a self-sustaining ship capable of carrying containers laden with ammunition. Work will be performed with the vessel prepositioned at sea in various locations worldwide, mainly in and around Diego Garcia in the Indian Ocean, and is expected to be completed September 2007, (November 2011 with options).

The vessel us already part of Military Sealift Command’s Prepositioning Program, which will continue to operate the vessel during its contract base period, four one-year options and one two-month option. If all options are exercised, it would bring the total award amount to $54.2 million, plus additional reimbursables. This contract was competitively procured with almost 100 proposals solicited via Military Sealift Command’s Web site, and 4 offers received by Military Sealift Command in Washington, DC (N00033-06-C-3301).

Continue Reading… »
Advertisement
White Papers & Events
Advertisement
August 2006
SMTWTFS
« Jul Sep »
 12345
6789101112
13141516171819
20212223242526
2728293031 
Advertisement

© 2004-2023 Defense Industry Daily, LLC | About Us | Images on this site | Privacy Policy

Contact us: Editorial | Advertising | Feedback & Support | Subscriptions & Reports

Follow us: Twitter | Google+

Stay Up-to-Date on Defense Programs Developments with Free Newsletter

DID's daily email newsletter keeps you abreast of contract developments, pictures, and data, put in the context of their underlying political, business, and technical drivers.