Archive: Business/Financial

CACI President and CEO Ken Asbury

CACI Acquires Business Unit From GD That Provides Engineering Services To The Navy

CACI International [CACI] on Thursday said it has acquired a professional services unit from General Dynamics [GD] that bolsters CACI’s work with the Navy and provides it with the opportunity to offer its existing capabilities to new customers. CACI paid $84 million for the Systems Engineering and Acquisition (SE&A) Support Services Business Unit, which GD […]

iStock Cyber Lock

BAE, Splunk Partner On Government Cloud Security Solution

BAE Systems on Wednesday said it is collaborating with software firm Splunk Inc. [SPLK] to provide a solution based on machine learning to secure U.S. government cloud networks. The scalable, hybrid cloud solution, will incorporate Splunk Enterprise, a software platform based on machine learning to provide real-time visibility into an organization’s operations, data analytics, and […]

Latitude Engineering HQ-40 UAS. Photo: Latitude Engineering

L3 Acquires UAS Company With Technology For Fixed-Wing And Vertical Flight

L3 Technologies [LLL] in late June acquired Latitude Engineering, a small company that has developed technology to enable unmanned aircraft systems (UAS) to take off and land vertically and also fly as a fixed wing aircraft. L3 disclosed the $15 million cash deal in a July 26 filing with the Securities and Exchange Commission that […]

Brendan Curran will lead Boeing AvionX, an organization formed last year to pursue the development and production of avionics and electronics systems. Photo: Boeing

Boeing Names Aerospace Exec Curran To Lead AvionX Organization

Boeing [BA] on Monday appointed aerospace industry veteran Brendan Curran to lead the company’s year old organization that makes avionics products, saying the new position will help mature its aftermarket strategy. Curran was previously president of the Aerospace and Electronics segment of Crane Co. [CR], overseeing a $693 million business that provides technologies to the […]

General Atomics To Quadruple Footprint At U.S. Drone Research Park

Drone maker General Atomics will nearly quadruple its footprint in the Grand Forks, N.D., industrial park dedicated to unmanned aerial systems research and development. GA Aeronautical Systems (GA-ASI) currently occupies 5.5 acres at Grand Sky, the first and only fully operational civil unmanned aerial systems (UAS)-focused research and development park in the United States. Under […]

Secretary of Defense Ash Carter visits Defense Innovation Unit Experimental at Moffett Field, Calif., to deliver remarks at  DIUx May 11, 2016. (Photo by Senior Master Sgt. Adrian Cadiz)

Defense Innovation Unit No Longer an ‘Experiment’

The Pentagon has dropped the “experimental” portion of its Defense Innovation Unit-Experimental, indicating that the technology hub is here to stay. “As a testament to [the department’s] commitment to the importance of its mission, effective immediately, DIUx will be redesignated as the Defense Innovation Unit (DIU),” said a memo released by the Defense Department Aug. […]

Royal Netherlands Navy De Zeven Provincien-class frigate. Photo: Royal Netherlands Navy

Alion Submits Final Proposal For Canadian Navy Ship

Alion Science and Technology on Thursday said its Canadian subsidiary submitted its final bid to the Canadian government for that country’s new warship program, which is worth between $42 billion and $46 billion for 15 ships. Alion, one of three bidders for the Canadian Surface Combatant (CSC), is offering a solution based on the Dutch […]

Chris Marzilli, president of General Dynamics Mission Systems segment. Photo: GD

GD Names Marzilli Executive VP For IT and Mission Systems Segments

General Dynamics [GD] on Tuesday said it has elected Christopher Marzilli to be the executive vice president of its Information Technology and Mission Systems segments effective Jan. 1, 2019, succeeding S. Daniel Johnson, who plans to retire at the end of 2018. Marzilli has been president of the Mission Systems segment since January 2015 and […]

Rex Geveden, CEO of BWX  Technologies. Credit: BWX Technologies

BWXT Chief Doesn’t Foresee Earnings Hit Over Botched Missile Tubes

Botched welding jobs on 12 missile tubes for the Navy’s next-generation ballistic-missile submarine should not materially affect tube-vendor BWX Technologies’ [BWXT] bottom line this year, the company’s chief executive said Tuesday. However, it is “too early to tell” whether the gaffe will prevent BWX Technologies (BWXT) from winning more business with the Navy’s Columbia-class submarine […]

Steve Schorer, president and CEO of Alion Science and Technology. Photo: Alion

Alion To Acquire MacAulay Brown To Strengthen Position In Key Tech Areas

Alion Science and Technology has agreed to acquire the engineering and technical services company MacAulay-Brown, Inc., in a deal it said will bolster its technology and engineering capabilities, increase its scale, and deepen customer relationships. Terms of the deal were not disclosed. Alion declined to answer questions about the pending acquisition. “This acquisition brings together […]