Archive: Business/Financial

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Lockheed Martin Expands Partnership With Cyber Security Firm Guardtime Federal

Lockheed Martin [LMT] on Monday said it is expanding its work with a cyber security firm to evaluate technologies to better protect the information supply chain around operational aircraft systems. Lockheed Martin said the new contract with Guardtime Federal builds on work begun in 2015 around improving the security of embedded cyber physical systems. “We […]

Michael Griffin, undersecretary of defense for research and engineering (DoD photo)

Griffin Releases DoD Digital Engineering Strategy For New Weapons Projects

The Department of Defense’s lead technology official released a new digital engineering strategy Thursday to guide the Pentagon’s ability to handle increasingly complex acquisition priorities for new weapons systems. Michael Griffin, DoD’s new Under Secretary of Defense for Research and Engineering, announced the directive alongside plans for a new Digital Engineering Working Group (DEWG) and […]

Chris Kubasik, chairman, president and CEO of L3 Technologies. Photo: L3

American Industrial Partners Completes Acquisition Of Vertex Aerospace From L3

L3 Technologies [LLL] on Tuesday said it had completed the sale of its Vertex Aerospace businesses to the private equity firm American Industrial Partners for $540 million in cash. Last October, L3 said it planned to divest Vertex to focus on the products and solutions businesses within its Aerospace Systems segment. Vertex lost several major […]

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Boeing Plans Separate Tie-Up With Embraer For Defense

Boeing [BA] on Thursday moved a step closer to establishing a strategic partnership with Brazilian aircraft maker Embraer [ERJ], announcing a pending $3.8 billion majority ownership stake in a commercial aircraft joint venture and also said the two companies would create another joint venture in defense. A key part of the defense joint venture will […]

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BWXT, Jacobs Announce Management Changes

Two major federal contractors, Virginia-based BWX Technologies [BWXT] and Dallas-based Jacobs Engineering [JEC], announced new executive appointments in the past week.Colin Jones, most recently with AECOM [ACM] is the new vice president and deputy general manager of Jacobs’ North American Nuclear business unit, the company said Friday. He has more than 20 years of experience […]

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L3 Acquires Space Mission Company Applied Defense Solutions

L3 Technologies [LLL] on Monday said it has acquired a software development and data analytics company that strengthens its work in space mission work for $50 million. Applied Defense Solutions (ADS), which is based in Maryland, is expected to contribute about $15 million in sales to L3 in 2018 and about $50 million in 2019. […]

Singapore Royal Air Force F-15SG multi-role fighter built by Boeing. Photo: Singapore RAF.

Boeing, Singapore Defense Agency To Develop Analytics For Aircraft Performance

Boeing [BA] and a Singaporean defense agency on Thursday agreed on a joint research and development project on data analytics to better understand how well military aircraft are performing and predict future needs for operations and maintenance. The deal is between Boeing’s nearly year-old Global Services segment and Singapore’s Defence Science and Technology Agency (DSTA). […]

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Boeing HorizonX Invests In Drone Delivery Firm Matternet

Boeing’s [BA] year-old ventures unit on Tuesday announced its fourth investment in autonomous aircraft systems, leading a funding round in Matternet, a startup firm that has developed unmanned aircraft systems (UAS) and related software for delivering small packages. The $16 million Series A funding also includes Swiss Post, Sony Corp.’s [SNE] Sony Innovation Fund, and […]