Archive: Business/Financial

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Government Achieved Small Business Contracting Goal, DoD Gets An A

The federal government achieved its small business contracting goal, the U.S. Small Business Administration (SBA) announced on Friday. This was the second consecutive year the government achieved this goal, awarding 24.99 percent in federal contracts to small businesses in 2014, the highest percentage since a 23 percent goal was established in 1997. The SBA released [...]

RBS 70
Photo: Saab

Saab Receives $33 Million Order In RBS 70 Missiles

Saab AB received a nearly $33 million order for the delivery of RBS 70 missiles and additional equipment and training, the company said on Monday. Deliveries are set to occur between 2015 and 2016. RBS 70 is a laser-guided man-portable air-defense system (MANPADS) with a range of 200–8,000 meters with an altitude coverage of 0–5,000 [...]

iStock Cyber Lock

Army Issues Call For White Papers For Initial Cyber Challenge

The Army on Tuesday released a Request for White Papers (RWP) under its cyber challenge for physical hardware/networking models to evaluate the feasibility of a Deployable Defense Cyberspace Operations (DCO) Infrastructure (DDI) that will support Cyber Protection Teams (CPTs) that are physically deployed to an organization. The RWP says that the prototype technology initiatives that [...]

Boeing has named Dennis Muilenburg as it's second ranking executive. Photo: Boeing

Muilenburg Named New Boeing Chief, McNerney To Remain Chairman

Boeing [BA] on Tuesday named its number two executive Dennis Muilenburg to be the company’s new CEO effective July 1, succeeding Jim McNerney who is retiring from Boeing next February after leading the aerospace giant for the past decade. Muilenburg, 51, will be president and CEO and be a member of Boeing’s board, which will [...]

The Air Force test launches a Minuteman III ICBM. Photo: Air Force.

Orbital ATK Pitching Excess ICBM Rocket Motors for Commercial Space Launch

Orbital ATK [OA] wants to use some 750 stored detached ballistic missile solid rocket motors for commercial launches, but a 17-year-old law precludes the government assets from being used for such purposes. Currently, Hill AFB, Utah, and Navajo Army Depot in Arizona house 426 Minuteman 2 motors, 154 Minuteman 3 motors and 176 Peacekeeper motors, [...]

Rep. Jim Langevin (D-R.I.), co-chairman of the Cyber Security Caucus

Congressmen Say SEC Should Consider Tougher Cyber Disclosure Regulations For Firms

The Securities and Exchange Commission (SEC) should consider directing publicly traded companies to disclose how they adhere to best practices for securing their data networks and how those practices are determined, two Democratic congressmen wrote to the chair of the commission on Thursday. Seeking to better understand how the SEC gains its own understanding of [...]

L-3's new high-throughput ClearScan screening system designed to automatically detect explosives in carry-on bags. Photo: L-3

L-3 Introduces Checkpoint Bag Scanner That Automatically Detects Explosives

Using technology that is currently being applied to screen checked bags at airports and automatically detect the presence of explosives, L-3 Communications [LLL] on Wednesday introduced a compact version of an explosives detection system (EDS) based on computed tomography (CT) for use at aviation security checkpoints. L-3 said its ClearScan EDS, which combines CT technology [...]

ManTech Chairman and CEO George Pedersen. Photo: ManTech

ManTech Beefs Up Cyber Security Services With KCG Acquisition

ManTech International [MANT] on Tuesday said it has acquired Knowledge Consulting Group (KCG), a small firm focused on providing cyber security services to the public and private sectors, in a deal aimed at strengthening its cyber capabilities. Terms of the deal were not disclosed. ManTech said it expects the acquisition, which was funded from cash [...]

C-17. Photo: Air Force.

Qatar Purchases Four C-17s

Qatar recently signed an agreement to purchase four additional C-17 Globemaster III airlifters from Boeing [BA], the company said on Monday. The four upcoming C-17s will join the Qatar Armed Forces’ existing fleet of four airlifters. “We are very pleased with the C-17s from Boeing and look forward to doubling our fleet to enhance worldwide [...]

Sikorsky S-97 RAIDER during its first flight on May 22 in Florida. The helicopter is based on the company's X2 rotorcraft configuration and is designed to meet Army Special Ops and armed reconnaissance needs. Photo: UTC

UTC To Divest Sikorsky, Expecting Boost In Organic Sales, Operating Margin

As expected, United Technologies Corp. [UTX] on Monday said that following a review of strategic alternatives for its helicopter business, the company has decided it will either sell or spin-off Sikorsky with a decision on the path for divestiture expected by the end of September. The multi-industrial company also said that without Sikorsky, it will [...]