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 > 2008 > December > 11th

Iraq: Looking for LAVs in All the Right Places

Dec 11, 2008 16:13 UTC

LAV-25 Desert Squad

USMC LAV-25

In July 2008, Iraq submitted a slew of official requests to buy over $10 billion worth of American defense equipment, in order to equip its forces with tanks, armored cars, weapons, and even key infrastructure. In December 2008, additional requests reached the formal notification stage, while some of their July 2008 requests have been clarified or modified.

The volume of these announcements, and their content, strongly suggests an Iraqi military that is making significant strides in organization and responsibilities, and is beginning to order the equipment to match. Gen. David Petraeus’ December 2008 presentation in Washington [Transcript | Slideshow] regarding the less recognized aspects of “the surge,” and the current situation in Iraq, would appear to back that up. Time will tell.

One of the requests that was modified by the December announcements was Iraq’s request for LAVs, similar to the amphibious vehicles used by the US Marine Corps…

Continue Reading… »

Wells-Fargo’s New Customer: Dutch MvD

Dec 11, 2008 13:33 UTC

Advertisement
Wells Fargo coach

Wells Fargo bank originally made its name in the 1850s, running secure rapid delivery services during the California gold rush. The combination of banking services and their famous red-and-gold stagecoaches proved appealing and successful. Their branches remain a familiar site in California and throughout the American West.

The firm’s latest customer also seeks to combine those 2 services, albeit from a slightly greater distance. The Netherlands currently pays about EUR 200 million to the US government for services like helicopter and fighter pilot training, and the amount is currently booked in one lump sum. If the ministry could pay these costs over time as they were incurred, the additional interest earned while holding on to their money could be significant. To do that, they need a commercial banking agreement in the USA.

Hence a pair of recent agreements. One involves the Dutch MvD and finance ministries, and the USA’s Defense Security Cooperation Agency, which processes all foreign military sales requests. The other is with Wells Fargo Bank, who is still in the business of banking and rapid delivery – with a twist. NIS News.

Advertisement
White Papers & Events
Advertisement
December 2008
SMTWTFS
« Nov Jan »
 123456
78910111213
14151617181920
21222324252627
28293031 
Advertisement

© 2004-2022 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.