Archive: Business/Financial

ICx Targets Organic Growth Over 30 Percent

By Calvin Biesecker Believing its products, technologies and solutions are in the sweet spot of the nation’s security needs, ICx Technologies [ICXT] expects to be able to deliver annual organic growth exceeding 30 percent, Hans Kobler, president and CEO of ICX, which went public in November, said at a Needham & Co. investor conference on […]

Business Coalition Backs GAO Report On Need For Export Control Reforms

The Coalition for Security and Competitiveness, a consortium of business groups lobbying the administration on export issues, yesterday hailed a recent government report taking the nation’s arms export process to task. According to the Government Accountability Office report released late last week, the State Department’s Directorate of Defense Trade Controls (DDTC) is stressed because of […]

Vidiation, TopEyeView Enter Strategic Partnership

TopEyeView, a provider of real-time video imagery via aerostats and unmanned air vehicles, and Vidiation, LLC, which has developed radiation detection software that is integrated into video camera systems, have agreed to a strategic partnership. Under the arrangement Vidiation will market TopEyeView’s service to existing Vidiation customers while TopEyeView will offer Vidiation’s software. Vidiation last […]

ATK Moves To Become Full Spectrum Space Company With MDA Purchase

By Calvin Biesecker Alliant Techsystems [ATK] yesterday said it has agreed to acquire the space and related information systems business of Canada’s MacDonald Dettwiler and Associates (MDA) in a $1.3 billion cash deal that will make ATK a full-spectrum space company and double its international presence. ATK has arranged financing for the acquisition, its largest […]

L-1 Acquiring Biometric Access Control Firm Bioscrypt

L-1 Identity Solutions [ID] has agreed to acquire Canada’s Bioscrypt Inc. in a $44 million stock-for-stock transaction, in a deal that would give it capabilities and customers in the biometric-based physical and logical access control market. "With this acquisition, L-1 strengthens its leadership position in protecting and securing personal identities and assets by extending into […]

Northrop Grumman, Oshkosh Team For JLTV, RFP Expected Feb. 1

By Geoff Fein and Jen DiMascio Northrop Grumman [NOC] and Oshkosh Truck Corp. [OSK] yesterday said they are partnering to compete for the Joint Light Tactical Vehicle (JLTV) program. Additionally, the long awaited JLTV request for proposal (RFP) is expected to be released on or about Feb. 1, according to the Army. If selected for […]

Lockheed Martin Responds To GMD RFI

Lockheed Martin [LMT] has begun jockeying to get a piece of the action in the Ground-based Midcourse Defense (GMD) missile shield program now led by prime contractor Boeing [BA], a possible contest that also might include Northrop Grumman [NOC]. The company said yesterday that it had submitted a response to a request for information (RFI) […]

Lockheed Martin, Cognitec in Cooperative Agreement

Lockheed Martin [LMT] has signed a cooperative agreement with Germany-based facial recognition technology firm Cognitec Systems, firming up its ability to integrate and offer multi-modal biometric solutions. "This cooperation agreement will improve our ability to offer our customers a complete and fully integrated portfolio of biometrics technologies," says Bob Eastman, Lockheed Martin’s vice president for […]

Sikorsky H-92 Demonstrates Fly-By-Wire

Sikorsky [UTX] Dec. 26 announced the first H-92 helicopter featuring fly-by-wire (FBW) technology completed its first successful flight Dec. 20 at the Sikorsky Development Flight Center in West Palm Beach, Fla. "This successful flight of the first H-92 helicopter to feature state-of-the-art fly-by-wire technology ushers in a new era for the H-92 product line," Stephen […]

Falcon III Radio Approved for Top-Secret Data and Voice Trafficking

By Jen DiMascio The National Security Agency recently certified a Falcon III radio developed by Harris Corp. [HRS] to transmit and receive top-secret information, the company said yesterday. The recently approved radio–the Falcon III AN/PRC-117G(C)–is a manpack version of the Falcon III AN/PRC-152(C) multi-band handheld and AN/VRC-110 vehicular radios, according to George Helm, vice president […]