Archive: Business/Financial

iStock Cyber Lock

DHS Selects Texas School As Cyber Information Sharing Standards Organization

The Department of Homeland Security (DHS) in early September selected the Univ. of Texas at San Antonio (UTSA) to lead an effort with various stakeholders to identify a common set of voluntary standards or guidelines for the creation and functioning of new cyber security information sharing organizations as outlined by a presidential executive order earlier [...]

Rolls-Royce AE 3007 engine being readied for testing at Indianapolis facility. Photo: Rolls-Royce

Rolls-Royce Making $584 Million Investment In U.S. Plant

Britain’s Rolls-Royce on Monday said it will invest $584 million as part of a five-year to modernize its manufacturing operations in Indianapolis where it primarily does defense business. The investment, the largest in the United States by Rolls-Royce since it acquired the former Allison Engine Company in 1995, will be used to replace outdated facilities [...]

David Amsler, founder and CEO of Foreground Security. Photo: Raytheon

Raytheon Expands Managed Security Services With Acquisition Of Foreground Security

Continuing its expansion into the cyber security space, Raytheon [RTN] on Monday said it acquired Foreground Security, a provider of security operations centers, managed security service solutions and cyber security professional services. Terms of the deal, which closed last week, were not disclosed. Raytheon said the acquisition accelerates its expansion into managed security services across [...]

Boeing's F-15. Photo: Boeing.

Boeing Selects BAE For Air Force F-15 EW Upgrades

Boeing [BA] selected BAE Systems to develop and manufacture a new all-digital electronic warfare (EW) system for the U.S. Air Force’s F-15 fighter fleet, BAE said Thursday. The new system is part of a multi-billion dollar program to develop the Eagle Passive Active Warning Survivability System (EPA WSS), an integrated system meant to provide advanced [...]

National Biodefense Analysis and Countermeasures Center in Fort Detrick, Md. Photo: DHS

DHS Awards Battelle $481 Million To Manage Biodefense Center

The Department of Homeland Security (DHS) last week awarded Battelle a potential 10-year, $480.6 million contract to continue managing the National Biodefense Analysis Countermeasures Center (NBACC), a federally funded research and development center that helps the nation defend against biological threats. Battelle’s subsidiary Battelle National Biodefense Institute (BNBI) in 2006 won the first contract to [...]


L-3 To Pay U.S. $4.6 Million To Settle Overcharging Allegations

The Justice Department Monday evening said that L-3 Communications [LLL] has agreed to $4.6 million to settle allegations the company overcharged for labor related to a military support contract. The Justice Department alleged that two L-3 business units, Vertex Aerospace LLC and Integrated Systems LP, inflated labor hours for time spent by independent contractors at [...]


Saab Wins $21 Million Contract To Provide Training System To Austrian Army

Saab AB was awarded a contract worth over $21 million by the Austrian Federal Ministry of Defence to supply a new advanced training system for the Austrian Army, the company said Tuesday. The contract includes Saab’s next generation of soldier training systems with new add-on equipment that is meant to extend the current system. Saab [...]

Ralph Crosby III was recently named executive director of corporate and VIP sales at Airbus Helicopter. Photo: Airbus.

Airbus Helicopters Names Executive Director For Corporate and VIP Sales

Airbus Helicopters named Ralph Crosby III as executive director of corporate and VIP sales, the company said Tuesday. Crosby, reporting to senior director of marketing Doug Carriger, will lead the company’s efforts to develop a growing aircraft sales market in the United States and assist the company’s Canadian subsidiary, Airbus said. “Busy executives find that [...]

Coast Guard HC-130J long-range surveillance aircraft. Photo: Coast Guard

Coast Guard Awards L-3 $93 Million For C-130J Upgrades

The Coast Guard has awarded L-3 Communications [LLL] a potential $93 million contract to missionize the service’s C-130J long-range surveillance aircraft with a new sensor and C4ISR package. Under the potential five-year contract, L-3 will initially install the Minotaur mission system suite on two baseline configuration C-130Js with options to perform the same work on [...]

iStock Cyber Lock

Raytheon Wins Potential $1 Billion DHS Contract For Cyber Security Support

Raytheon [RTN] on Monday said it has been awarded a potential $1 billion contract to be the systems integrator for the Department of Homeland Security’s Network Security Deployment Division, which is responsible for assisting the larger federal civilian government with cyber security protection services. The award of the DOMino program to Raytheon was first reported [...]