Archive: Business/Financial

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DISA Awards $163 Million Endpoint Security Task Order To CSRA

The Department of Defense is building on its endpoint security effort with a potential $163 million task order to CSRA Inc. [CSRA] to integrate cyber management capabilities for the department’s Defense Information Systems Agency (DISA). Under the deal, announced Wednesday, CSRA will work with Microsoft [MSFT] and McAfee to manage security tools for DISA’s Endpoint […]

Raytheon's AMRAAM air-to-air missile. Photo: Raytheon.

State Department Approves AMRAAM Sale To Canada

The State Department has approved a potential $140 million sale to Canada of AIM-120D Advanced Medium Range Air-to-Air Missiles (AMRAAMs) for deployment on Royal Canadian Air Force F/A-18 fighter aircraft. The Foreign Military Sale, which still requires congressional approval, includes up to 32 missiles, up to 18 captive carry air training missiles, up to four […]

Gamma Alloys' metal powder and ceramic nanoparticles are blended in a uniform metal-matrix composite. Photo and caption. Gamma Alloys

Boeing Ventures Arm Invests In Small Advanced Materials Firm

Boeing [BA] on Wednesday said its HorizonX ventures arm has taken a minority ownership stake in a small company that develops and produces advanced metal-matrix composites for the aerospace, defense, automotive and energy industries. Gamma Alloys has 10 employees and is based Los Angeles and does large scale manufacturing in Missouri and manufacturing in Stockton, […]

AN/TPY-2 Radar.
Photo: Raytheon.

MDA Awards Raytheon $1.5 Billion To Support AN/TPY-2 and SBX Radars

The Missile Defense Agency awarded Raytheon [RTN] a $1.5 billion indefinite delivery/indefinite quantity follow-on contract to support the Army Navy Transportable Radar Surveillance Model 2 (AN/TPY-2) and Sea-Based X-Band (SBX) radars, the Defense Department said last Friday. The AN/TPY-2, built by Raytheon, is used for Terminal High Altitude Area Defense (THAAD) missile defense systems to […]

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The Armored Group Acquires German Vehicle Armoring Companies

The Armored Group (TAG) two German-based vehicle armoring companies in a deal it says complements its current capabilities, expand its production footprint internationally and its market share in Europe. Terms of the deals were not disclosed. TAG, which is based in Phoenix, armors a range of vehicles types for law enforcement and federal agencies, and […]

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MDA Awards $10 Million Contract Mod To MTSI For Improved Missile Defense Modeling Tools

The Missile Defense Agency (MDA) awarded Modern Technology Solutions Inc. (MTSI) a $10 million modification last Monday to increase a contract ceiling under an effort to develop models of new interceptor and sensor concepts for missile defense development. The modification raises the value of a 2014 contract to almost $35.5 million. The work aims to […]

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Despite Email Glitch, GAO Denies ManTech Protest For Air Force Proposal

The Government Accountability Office (GAO) has denied ManTech International Corp.’s [MANT] protest for a potential $98 million Air Force contract after an email glitch caused its proposal to miss the required deadline. ManTech will no longer be considered for a contract to assess National Geospatial-Intelligence Agency cloud migration efforts after emails containing the company’s proposal […]

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon Posts Solid Third Quarter Results On Missile, Radar Programs

Led by strong results in its businesses that produce missile and sensor systems, Raytheon [RTN] on Wednesday reported solid third quarter financial results with earnings and sales both higher. Net income increased 5 percent to $572 million, $1.97 earnings per share (EPS), from $544 million ($1.84 EPS) a year ago, beating consensus estimates by six […]