Avascent in War on the Rocks, Hosting Webinar on Tuesday
Avascent Analytics’ Defense Platforms expert, Matt Vallone recently published an article in War on the Rocks: “Despite the House of Representatives steadily passing a series of appropriations bills, real congressional action on fiscal year (FY) 2016 defense spending is unlikely to start before September.” Check out the full article here.
Be sure to register for our webinar – “Is There Space for my Satellite?”- kicking off at 11 AM Tuesday, July 21st. An expert panel featuring Jonathan Beland, and Caitlin Kennedy, lead analysts behind Avascent’s FCC Orbital Intelligence, and Sam Black, Senior Director of Policy at the Satellite Industry Association (SIA) will discuss how to order and navigate the commercial satellite launch process. REGISTER HERE
BAE to breathe new life into Brazilian M113’s
The Brazilian ministry of Defense recently announced that BAE Systems Combat Vehicles, of York, PA won a $54.6m contract to upgrade the Brazilian Army’s venerable fleet of M113 armored vehicles. This deal will likely extend the same work that BAE did in a previous $131m contract to bring 150 M113’s up to the M113A2MK1 designation. Brazil has made a considerable effort to upgrade and modernize its land forces, investing in both its M113’s and M109’s, while at the same time expanding its capabilities with the VBR-MR (8×8), VBTP-MR (6X6), and VBTP-LR (4×4). Leveraging its considerably advanced industrial capabilities, Brazil has made a point of developing its own defense offerings. Brazilian modernization efforts have been able to keep a strong pace with other developed nations, largely due to their ability to competitively produce both subsystems and entire platforms.
Upgrade of South Korean F-16s Approved
On July 14th, the Defense Security Cooperation Agency (DSCA) cleared a $2.5 billion foreign military sales (FMS) package of F-16 upgrades for South Korea, via Lockheed Martin. This represents South Korea’s second attempt at upgrading its fleet of 134 KF-16C/D fighter aircraft. The first attempt ended acrimoniously in November, 2014, when the ROK government terminated a $1 billion contract it awarded to BAE Systems, balking at a $750 million (70%) increase in costs that Seoul claimed were not part of the original agreement. The original agreement represented the first time a country did not select the original manufacturers of the F-16, Lockheed Martin Corp., for upgrades to the long-serving fighter aircraft – and a significant victory for BAE Systems in breaking into the aviation upgrades market. The current package requested by the ROK government –likely to be awarded back to Lockheed Martin – feature upgrades of the avionics systems as well as a fresh supply of munitions and active electronically scanned array (AESA) radars. Somewhat surprisingly, the DSCA announcement includes a $2.5 billion price tag – noticeably higher than the revised price of the original contract – but including significant offset requirements which likely explain the increase in cost.