Archive: Business/Financial

L-1 To Acquire Biometric Access Control Firm Bioscrypt

By Calvin Biesecker L-1 Identity Solutions [ID] yesterday said it as agreed to acquire Bioscrypt Inc., a Canadian-based firm specializing in biometric access control primarily for commercial customers, for about $44 million in a stock-for-stock transaction. The deal, which is expected to close early this year, would give L-1 a position in both the biometric […]

Defense Watch Content

The Latest Word On Trends And Developments In Aerospace And Defense Campaign Report. An overflow crowd at BAE Systems in Nashua, N.H., turned out last week to listen to Sen. John McCain (R-Ariz.), fresh from a solid finish in the Iowa caucuses, said Clark Dumont, vice president of communications for BAE’s Electronics & Integrated Solutions […]

Army Awards $221.2 Million Contract To Expand Redstone Arsenal

The Army awarded a $221.2 million contract to expand the Von Braun Complex in Redstone Arsenal at Huntsville, Ala., the Missile Defense Agency (MDA) said last week. That will mean constructing a roughly 840,000 square foot building to house 2,248 MDA employees, people who now work in or near Washington, D.C. They are moving to […]

BAE Gets DHS Contract To Test Counter-MANPADS On Passenger Flights

By Calvin Biesecker BAE Systems last Friday said it has received a $29 million contract from the Department of Homeland Security (DHS) to install its JETEYE aircraft missile defense system on three 767-200 passenger aircraft operated by American Airlines [AMR] to test the suitability of the system for routine daily flight operations. Testing of the […]

CBO: Missile Defense Spending To Peak At $15 Billion Yearly In Fiscal 2018

Actual Missile Defense Outlays May Need To Be $4 Billion More Yearly Missile defense spending will peak at an annual rate of $15 billion in the fiscal year ending Sept. 30, 2018, before trending downward, according to the Congressional Budget Office (CBO), and the history of spending on major programs shows it might have to […]

Boeing Responds To MDA Request For Information On Ground-Based Midcourse Defense Program

The Boeing Co. [BA] responded to a Missile Defense Agency (MDA) request for information, as MDA seeks industry feedback on the follow-on Ground-based Midcourse Defense (GMD) program, a major segment of the overall U.S. ballistic missile defense shield. RFI responses will help MDA determine its strategy for the follow-on effort to the current GMD contract. […]

Raytheon Beats ATK For $232 Million Army 120mm MRM Contract

By Geoff Fein The Army last month awarded Raytheon [RTN] Missile Systems a $232 million contract for the 120mm medium range munitions (MRM) program over a competing bid from ATK [ATK]. Raytheon, along with its teammate General Dynamics [GD], will build the gun-fired smart munition, which has a dual mode beyond line of sight capability, […]

Northrop Grumman, Boeing Submit Final Bids In Tanker Competition

By Jen DiMascio The Air Force’s tanker competition comes down to the wire as Boeing [BA] and Northrop Grumman [NOC] yesterday submitted their final bids for the service’s top acquisition priority this year. At stake is a contract worth up to $40 billion for up to 179 aircraft over the next 15 years. The spoils […]

Accenture Complete Acquisition of Defense Consulting Firm Gestalt

Accenture [ACN] yesterday said it has completed its acquisition of Gestalt, LLC, a New Jersey-based consulting firm that provides mission support services to the Defense Department. Terms of the deal were not disclosed. Gestalt has about 250 employees. Gestalt’s services help defense organizations achieve systems interoperability and collaboration, allowing information from separate military branches to […]

Lockheed Martin Acquires PercepTek

Lockheed Martin [LMT] last month said it has acquired PercepTek, Inc., a developer of autonomous software technologies used in navigation for unmanned ground vehicles and aircraft systems, and automated persistent surveillance for security applications. Terms of the deal were not disclosed. Lockheed Martin said the acquisition will not be material to its financial results. "Lockheed […]