Archive: Business/Financial

President Barack Obama in the Oval Office. White House photo by Pete Souza

Sony Hack Shows That All U.S. Businesses Need To Adopt Cyber Best Practices, Johnson Says

Following the FBI’s conclusion Friday that North Korea was behind a cyber attack against Sony Pictures Entertainment (SPE) last month, Homeland Security Secretary Jeh Johnson said the incident demonstrates that every company needs to implement best practices for cyber security. “Every CEO should take this opportunity to assess their company’s cyber security,” Johnson said in [...]

Saab Wins Brazil $71 Million Contract For Gripen Logistics Support

The Brazilian Ministry of Defence, through the Air Force Aeronautics Command (COMAER), awarded Saab a $71 million contract for Gripen NG contractor logistics support (CLS), the company said on Friday The order is expected to be booked by Saab in 2021, the company noted. The contract includes continuous maintenance and support services for the Gripen [...]

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Navy Awards GD $36.5 Million Contract To Develop Advanced Submarine Technologies

General Dynamics [GD] Electric Boat won a $36.5 million contract modification from the U.S. Navy to develop advanced submarine technologies for current and future undersea platforms, the company said on Friday. “Under the terms of the modification, Electric Boat will perform advanced submarine research and development studies in support of a wide range of technology [...]

Gripen Aircraft. Photo: Saab.

Sweden Orders Gripen Development Support For Various Models

The Swedish Defence Material Administration (FMV) sent both a $46 million and $50 million orders to Saab to provide maintenance, operation support, and continuing development work for various models of the Gripen in 2015 and development work on the Gripen E, respectively, the company said on Thursday. Included in the first order is the operation [...]

Leopard 2 Main Battle Tank. Photo: Krauss-Maffei Wegman

KMW To Acquire Diehl’s Vehicle Business

Krauss-Maffei Wegman (KMW) on Thursday said it has agreed to acquire the land systems business of Diehl Defence, helping KMW consolidate the German land systems industry and expanding its portfolio of products and services. Terms of the deal, which is subject to approval by regulators, were not disclosed. Both companies are based in Germany. KMW [...]

An EC135, one of the helicopters Airbus delivered to Spain. Photo: Airbus Helicopters.

Airbus Delivered First EC135 and AS355 NP Helicopters To Spain

Airbus Helicopters delivered the first of four AS355 NP Ecureuil helicopters to the Spanish Road Transport Authority (DGT) and the first of three EC135 helicopters to the Spanish National Police Force, the company said on Wednesday. Under a February 2014 contract, Airbus is supplying seven total helicopters: four AS355 NPs and three EC135s, with the [...]

NH90 GSPA and HAD-E Tiger helicopters, the two models delivered to Spain. Photo: Airbus Helicopters.

Airbus Helicopters Delivers First NH90 and HAD-E Tigers To Spain

Airbus Helicopters delivered the first NH90 GSPA tactical transport helicopter and the first two HAD-E version Tiger helicopters to the Spanish Army Airmobile Force (FAMET), the company said on Thursday. Airbus is set to supply 22 NH90 helicopters to the Spanish Armed Forces through 2021. The GSPA is the Spanish version and is designed to [...]

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Aerospace Sales Seen Rising This Year And Next, AIA Forecasts

After a slight decline in 2013, U.S. aerospace sales are expected to increase in 2014 and 2015, driven mainly by the commercial aircraft sector this year and a combination of the commercial and military sectors next year, the Aerospace Industries Association (AIA) predicts in their annual year-end forecast. Sales related to military aircraft, missiles and [...]

DTECH Labs tacical router. Photo: DTECH LABS

Cubic Acquires Military Communications Company

Cubic [CUB] on Tuesday said it has acquired DTECH LABS, Inc., a provider of modular networking and baseband communications equipment, for $114.5 million. The deal includes $15 million of contingent consideration. Cubic expects the deal to be accretive to earnings beginning in fiscal year 2016. “DTECH is the first step in our near-term strategy to [...]