Archive: Business/Financial

MILDS forward sensor heads, in the NH90 configuration. 
Photo: Airbus.

Airbus Partners With Australia’s DSTO To Improve Aircraft Protection

Airbus Defence and Space partnered with the Defence Science and Technology Organisation (DSTO) of the Australian Ministry of Defence to improve the protection of wide-body aircraft and helicopters in a joint development program, the company said on Wednesday. The program had Airbus and DSTO upgrade the Missile Launch Detection Systems (MILDS) AN/AAR-60 Block II Missile [...]

SCOUT Pre-Production Prototype 
Photo: General Dynamics UK.

GD Completes Critical Design Review For SCOUT Recon Variant

General Dynamics [GD] UK completed the Critical Design Review (CDR) for the SCOUT Reconnaissance variant, part of the SCOUT Specialist Vehicle (SV) program, the company said on Thursday. Completion of the CDR is a significant marker in the SCOUT SV program, GD said. The CDR covered the fully-integrated SCOUT platform including the platform hull design, [...]

Engility President and CEO Tony Smeraglinolo. Photo: Engility

Engility Completes Acqusition Of TASC

Engility Holdings [EGL] on Thursday completed its $1.3 billion acquisition of TASC, Inc., adding scale to the professional and technical services supplier in addition to diversifying its customer base across the federal government. “This transformational acquisition accelerates our growth strategy to further diversify our customer base, enhance our capabilities, add scale to our business, and [...]

AN/AAQ-28(v) LITENING targeting system pod. Photo: Northrop Grumman.

Northrop Grumman LITENING Targeting System Achieves Two Million Operating Hours

Northrop Grumman’s [NOC] AN/AAQ-28(v) LITENING targeting system pods have achieved two million operating hours, the company said on Tuesday. The AN/AAQ-28(V) LITENING pod is a self-contained, multisensory system that allows pilots to detect, acquire, auto-track, and identify targets for accurate delivery of both conventional and precision-guided weapons, the company said. LITENING technologies include high definition [...]

HAFEET ADV model. Image: MBDA.

MBDA, NIMR Partner To Propose UAE Air Defense Vehicle

MBDA and NIMR Automotive LLC entered a commercial partnership to propose the HAFEET Air Defense Vehicle (ADV), a high efficiency V-SHORAD air defense system, for a requirement for the Emirates Defence Forces, MBDA said Tuesday. The proposed HAFEET ADV has the MBDA Multi-Purpose Combat System (MPCS), which includes a turret, sensors, identification friend or foe [...]

AAR-47 Missile and Laser Warning System installed on AH-1S helicopters. 
Image: Orbital ATK.

Orbital ATK Completes Installation of Survivability Equipment on South Korea Helicopters

Orbital ATK [OA] completed the installation and integration of the AAR-47 Missile and Laser Warning System onto AH-1S helicopters for the South Korean army, the company said on Monday. The system came with Hostile Fire Indication (HFI), Symetrics’ ALE-47 Countermeasures Dispensing System (CMDS), and Southeast Aerospace’s aircraft modification kits. The AAR-47 integrates missile, laser, and [...]

Incoming President and CEO of Rolls-Royce North America Marion Blakey. Photo: AIA

AIA Chief Blakey Departing To Lead Rolls-Royce North America

Britain’s Rolls-Royce on Tuesday said that it has appointed Marion Blakey to lead its North American business, succeeding James Guyette who is retiring in May. Blakey, who is the president and CEO of the Aerospace Industries Association, is expected to begin her job as president and CEO of Rolls-Royce North America in a few weeks [...]

Cubic President and CEO Bradley Feldmann. Photo: Cubic

Cubic Boosts Dividend

Cubic Corp. [CUB] on Tuesday said its board has approved a 13 percent increase in the company’s semiannual dividend, which will be paid on March 20. The cash dividend was raised to 13.5 cents per share from 12 cents. “I am pleased to announce the due to Cubic’s financial strength and commitment to deliver long-term [...]

Engility President and CEO Tony Smeraglinolo. Photo: Engility

Engility Deal For TASC Clears Shareholder Approval

Engility Holdings [EGL] on Monday said its shareholders have approved the company’s pending $1.1 billion acquisition of TASC, Inc., which is expected to close on Feb. 26. Engility announced the all-stock transaction for fellow professional and technical services company TASC last October. Once the deal closes, Engility will have about $2.5 billion in annual sales. [...]

Live Training Transformation insignia. Image: U.S. Army.

GD Wins $415 Million Army Contract To Manage Live Training Transformation Product Line

A team led by General Dynamics [GD] was awarded the Live Training Transformation (LT2) Consolidated Product-line Management (CPM) next contract worth $415 million by the U.S. Army, the company said on Monday. The CPM Next award is a five-year, indefinite delivery, indefinite quantity contract. Under the award, the GD team will extend management of the [...]