This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

A-29 Super Tucano Wins Air Force Bid For Light Air Support Mission





SIERRA NEVADA CORPORATION and EMBRAER DEFENSE & SECURITY to supply aircraft, training and support to the Light Air Support program. A-29 Super Tucano to be built in Jacksonville, FL; over 70 U.S. companies to supply parts and services

SPARKS, Nev., Dec. 30, 2011 /PRNewswire-USNewswire/ -- Eren Ozmen, President, Sierra Nevada Corporation (SNC), and Luiz Carlos Aguiar, CEO, Embraer Defense and Security (Embraer), today announced that the U.S. Air Force has selected SNC, partnered with Embraer, to supply Light Air Support (LAS) aircraft to be used as part of the U.S. government's partner building efforts in Afghanistan and other nations. The A-29 Super Tucano will be used to conduct advanced flight training, aerial reconnaissance and light air support operations.

(Photo: http://photos.prnewswire.com/prnh/20111230/DC28630)

As specified by the Air Force, SNC is being awarded a firm-fixed price delivery order 0001 contract in the amount of $355,126,541 for the Light Air Support (LAS) aircraft and associated support. The delivery order is being issued under the simultaneously awarded basic contract FA8637-12-D-6001, an indefinite-delivery/indefinite-quantity (IDIQ) contract. The initial demand is for 20 LAS aircraft together with ground training devices to support pilot training and support for all maintenance and supply requirements for the aircraft and associated support equipment.

"We are honored by this decision and the opportunity to serve our country," said Taco Gilbert, Vice President of ISR Business Development at SNC. "We believe in the goals of the Light Air Support mission and are proud to be able to support the United States in its partner-building efforts in Afghanistan and elsewhere around the world. American warfighters, American workers, and our partner nations all win with this award."

The LAS mission requires a non-developmental solution that provides the versatility, engagement, and persistence that the warfighter needs in a counterinsurgency environment, at a significantly lower cost than fighter jets. That aircraft must offer intelligence, surveillance, and reconnaissance (ISR) capabilities; deliver a wide variety of munitions configurations, including precision guided munitions; and operate in extremely rugged terrain and austere conditions.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs