Archive: Business/Financial

iStock Cyber Lock

BAE, Dell Partner For New Federal Cloud Solution

BAE Systems and Dell [DVMT] EMC have partnered to offer the first scalable, hybrid cloud solution aimed at U.S. federal government customers. The companies’ new “federated secure cloud” solution meets Defense Federal Acquisition Regulation Supplement requirements and looks to take advantage of increasing agency-level IT modernization. “Our federated secure cloud is not just a modified […]

iStock Cyber Lock

Raytheon, Cyber Security Firm Partner For Government, Critical Infrastructure Markets

Raytheon [RTN] and the cyber security firm Virsec have formed an alliance to provide cyber security solutions to government and critical infrastructure markets. Raytheon on Monday said the partnership combines California-based Virsec’s Trusted Execution security platform with Raytheon’s expertise in defending cyber networks. “Critical infrastructure, from the electrical grid to transportation, is under assault, and […]

Peraton CEO Stu Shea. Photo: Peraton

Peraton Acquires Small Communications Firm Strategic Resources International

Peraton on Monday said it has acquired Strategic Resources International (SRI) in a deal that complements its communications capabilities. The deal is the first for Peraton, which is the former information technology business of Harris Corp. [HRS] that sold to Veritas Capital last year. Terms of the deal were not disclosed. SRI, which is based […]


Boeing Venture Arm Invests In 3D Printing Startup Morf3D

Boeing [BA] on Monday said its venture arm HorizonX has invested in the additive engineering and manufacturing firm Morf3D, which makes components for aerospace applications. The investment in Morf3D is the first by Boeing HorizonX in a 3D printing company. Boeing said that Morf3D, which was founded in 2015, has provided the company with 3D-printed […]


White House Releases New Policy For Expanding International Weapons, UAS Sales

The White House is looking to open up the defense industrial base to more global deals with a new set of arms transfer policies focused on allowing direct sales between U.S. companies and foreign governments and less regulations on the export of unmanned aerial systems (UAS). The Trump administration announced new reforms Thursday to the […]

Cubic President and CEO Bradley Feldmann. Photo: Cubic Corp.

Valiant Integrated Services Acquiring Cubic’s Defense Services Business

Cubic Corp. [CUB] on Thursday said it is selling its defense services business to a pure play federal services company, Valiant Integrated Services, for $135 million in cash, allowing it to sharpen its focus on its core transportation and defense businesses. The deal is expected to close within 45 days and includes $3 million in […]

A General Atomics Predator. Photo: General Atomics

CBP Awards General Atomics $276 Million For Predator O&M Services

General Atomics has received a potential $275.9 million contract to provide operational and maintenance (O&M) services to Customs and Border Protection’s (CBP) fleet of nine MQ-9 Predator B drones that the agency operates in support of border and maritime security missions. General Atomics’ Aeronautical Systems business began supplying the Predator unmanned aircraft systems (UAS) to […]


Polaris Alpha Acquires Fourth Dimension Engineering To Bolster Cyber Capabilities

Polaris Alpha, a portfolio company of Arlington Capital Partners, has acquired Fourth Dimension Engineering, adding expertise in hardware design and custom electronic solutions in the cyber arena. Terms of the deal were not disclosed. Fourth Dimension is located in Columbia, Md., near the National Security Agency and U.S. Cyber Command. The company has 79 employees. […]

Huntington Ingalls Updates Ships Statuses, Reactivates Ingalls East Bank

Huntington Ingalls Industries’ Newport News Shipbuilding President Jennifer Boykin provided an update on the various stages of construction on several major Navy shipbuilding programs during the Navy League’s Sea Air Space Expo last week. The future USS John F. Kennedy (CVN-79) is about 43 percent complete, with launch planned for the fourth quarter of 2019 […]