Congress Asked to Approve $170 Million Finnish Military Sale

The Defense Security Cooperation Agency notified Congress [link opens in PDF] Thursday of plans to conduct a Foreign Military Sale of $170 million worth of equipment and support services to Finland, as part of that country's Finland's F-18 Mid-Life Upgrade Program.

According to the DSCA, contractors including Raytheon (NYSE: RTN  ) , Lockheed Martin (NYSE: LMT  ) , Boeing (NYSE: BA  ) , General Electric (NYSE: GE  ) , and General Dynamics (NYSE: GD  ) will participate in providing the requested services, as well as equipment to include:

  • 69 KIV-78 friend-or-foe identification systems.
  • 69 AN/APX-11-30 combined interrogator/transponders.
  • 32 SUU-63 payload pylons.
  • An unspecified number of Multifunctional Information Distribution Systems.

Also included in the proposed order will be software test and integration center upgrades, flight testing services, support and testing equipment, technical documentation, personnel training, and assorted spare parts.

The DSCA says the sale will "contribute to the foreign policy and national security of the United States by helping to improve the security of a friendly country which has been, and continues to be an important force for political stability and economic progress in Europe. The Finnish Air Force (FAF) intends to purchase the MLU Program equipment to extend the useful life of its F-18 fighter aircraft and enhance their survivability and communications connectivity."

The DSCA further assures Congress that the proposed sale "will not alter the basic military balance in the region," nor will there be any "adverse impact on U.S. defense readiness as a result of this proposed sale."


Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2515666, ~/Articles/ArticleHandler.aspx, 9/26/2016 8:35:00 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:02 PM
BA $131.78 Down -0.09 -0.07%
Boeing CAPS Rating: ****
GD $153.81 Down -1.05 -0.68%
General Dynamics CAPS Rating: ****
GE $29.89 Down -0.15 -0.50%
General Electric CAPS Rating: ****
LMT $245.84 Down -0.78 -0.32%
Lockheed Martin CAPS Rating: ****
RTN $138.58 Down -0.89 -0.64%
Raytheon CAPS Rating: ****