Archive: Business/Financial

In The News

Space Rocket Engine Passes Test: ATK Alliant Techsystems [ATK] demonstrated a critical capability of its liquid oxygen (LOX)/methane rocket engine by igniting it in a vacuum chamber, ATK announced. The test demonstrated the viability of a LOX/methane rocket engine for a lunar ascent mission. This test engine was designed for 3,500 pounds/feet thrust to bracket […]

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Northrop To Vie For Ground-based Midcourse Defense Program Segment Northrop Grumman Corp. [NOC] will compete for a piece of the work on the Ground-based Midcourse missile Defense (GMD) program, the company announced. The Missile Defense Agency (MDA) last month issued a request for information (RFI) for the GMD segment follow-on effort, and responses must be […]

JTRS JPEO Touts Progress In Program’s Business Model

By Jen DiMascio Three years ago, a program with ambitions of connecting all of the military services with software defined radios was in trouble–in trouble with Congress and in trouble with the Defense Department. But the Joint Tactical Radio System has rebounded over time and is putting itself in a position to realize savings with […]

New iRobot PackBot Unveils New Mapping Kit Payload

iRobot [IRBT] has announced a new Mapping Kit payload for its combat-proven PackBot that will help warfighters manage search, surveillance and reconnaissance, according to officials. "PackBot with Mapping Kit utilizes new technology that directly addresses the needs of modern warfighters and other first responders to safely gather crucial environmental intelligence without having to enter hazardous […]

Raytheon Launches Persistent Surveillance Eagle-300 Sensor

By Ann Roosevelt Raytheon [RTN] yesterday announced the launch of the Eagle-300, a wide area long-range sensor providing a persistent 360-degree view of a specific area, officials said. "Persistent surveillance is an ever more important need in the uncertain environment that we live in today," Gene Blackwell, Raytheon vice president of the Rapid Initiatives Group […]

BAE SYSTEMS Awarded Close To $900 Million In Bradley Reset Work

BAE SYSTEMS Dec. 11 was awarded two Army contracts that total nearly $900 million to reset Bradley Fighting Vehicles. The first reset contract, issued Nov. 29, is a $709.3 million firm-fixed-price and cost-reimbursable contract The work will be done in York, Pa., and completed by Dec. 31, 2009. The contract funds will not expire at […]

U.K. Ministry of Defence, Industry Joint To Support Front Line Forces

The United Kingdom’s front line forces will benefit from an approximately $87.5 million five-year contract to BAE SYSTEMS building on a unique collaboration between the Ministry of Defence (MoD) and U.K. industry, the Minister for Defence Equipment and Support said. The MoD and industry partnership, NITEworksr, creates simulated environments to test new ways of working […]

United Kingdom To Spend $122 Million For Tomahawk Weapon System, Support

The United Kingdom is looking to spend upwards of $122 million for the sale of and follow-on support for Tomahawk Weapon System (TWS) as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) reported. The sale includes missile modifications, maintenance, spare and repair parts, system and test equipment, engineering support, communications equipment, […]

CBP Issues Requirements For Container Security Devices

By Calvin Biesecker Customs and Border Protection this week issued a Request for Information (RFI) for existing Conveyance Security Devices (CSDs) mounted inside cargo containers to meet requirements that appear less robust than expected. The requirements, released along with the RFI on Wednesday, seek information on CSDs that can report if, and when, cargo container […]