Archive: Business/Financial

L3 Technologies President and Chief Operating Officer Chris Kubasik. Photo: L3

L3 Acquires Sensor Firm In Undersea Market

L3 Technologies [LLL] on Tuesday said has acquired Adaptive Methods, Inc., a designer and developer of sensor and computing solutions technology for Navy combat systems, in particular, unmanned undersea vehicles (UUV), and area the company is strategically targeting. L3 said the deal for Northern Virginia-based Adaptive Methods closed on Sept. 8. The business has been […]

Notional OPC design. Graphic on Coast Guard website courtesy of Eastern Shipbuilding.

Coast Guard Awards Eastern Shipbuilding Long-Lead Materials Contract For First OPC

The Coast Guard on Sept. 7 awarded Eastern Shipbuilding a $41.7 million contract for long-lead materials for the first Offshore Patrol Cutter, which is scheduled to be delivered in 2021. The contract to begin making purchases for the 360-foot USCGC Argus covers the first order for certain systems and components, including propeller and steering components, […]

IBM logo

Army Enlists IBM’s Watson To Streamline Logistics, Vehicle Maintenance

In renewing its deal with IBM [IBM] for could computing services, the Army plans to enlist the company’s Watson artificial intelligence to gather and analyze data directly from combat vehicles and use the information to streamline maintenance schedules. A continuation of the Army’s Logistics Support Activity (LOGSA), the $135 million contract represents a 33-month extension […]

SAIC CEO Tony Moraco

Sales, Earnings Dip Slightly At SAIC In Second Quarter

Science Applications International Corp. [SAIC] last Thursday posted a slight dip on both sales and net income in its second quarter as revenue declined on contract completions, a contract loss, and reduced work on some contracts. Net income in the quarter was down 3 percent to $36 million, 80 cents earnings per share (EPS), from […]

iStock Cyber Lock

ManTech Opens Cyber Security Range For Training, Testing And Evaluating

Building on its experience in helping to develop and operate cyber ranges for government customers, ManTech International [MANT] on Wednesday officially launched a new cyber security range to provide existing and new customers with a relatively rapid way to safely simulate their own networks for preparedness, training, testing and evaluation purposes. ManTech actually opened its […]

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Army Awards General Dynamics Half-Billion Dollars For Abrams Tank Upgrades

In the past two months, the Army has put General Dynamics [GD] on contract to build prototypes of the most advanced versions of the M1A2 Abrams tanks that includes advances in lethality, mobility and protection. The two contracts – awarded July 31 and Aug. 31 – total $580 million for development and integration of improvements […]

Marine Corps CH-53K King Stallion during a flight-test. Photo: U.S. Navy

Lockheed Martin Receives CH-53K Low-Rate Production Award

The Marine Corps on Thursday awarded Lockheed Martin [LMT] a $304 million low-rate initial production (LRIP) contract for two CH-53K helicopters, another milestone in the $27 billion program for the service’s new heavy lift aircraft. The Pentagon in April approved the Navy’s request to move into the production and deployment phase for the CH-53K King […]

iStock Cyber Lock

ViaSat To Provide Cyber Security Software For Tactical C4I Devices

ViaSat [VSAT] is building on its proprietary cyber security software capabilities with a new government contract to protect military wearable device platforms for tactical use in the battlefield. The California-based communications company announced Aug. 28 it will provide its Mobile Dynamic Defense (MDD) software to aid the cyber resiliency of the platforms on the military’s […]

Oshkosh Defense JLTV Offering L-ATV
Photo: Oshkosh Defense

Real-time Casualty-Count Gear Validated For JLTV Test

Ravenswood Solutions was awarded a contract to provide its “FlexTrain” instrumentation for a real-time casualty assessment (RTCA) communications network characterization at Marine Corps Air Ground Combat Center in Twentynine Palms, Calif. The event will evaluate instrumentation to be used during the larger Joint Light Tactical Vehicle (JLTV) multi-service operational test and evaluation (MOT&E) scheduled for […]