Archive: Business/Financial

Leidos Nabs $100 Million Award To Provide Cyber Security Services To Commerce Department

Leidos [LDOS] on Wednesday said it has received a potential $100 million task order from the Department of Commerce to provide cyber and enterprise security operations for the department and the National Oceanic and Atmospheric Administration (NOAA), an agency within the department that does scientific research focused on the environment. Under the task order, which […]

UTC, As Aerospace Company, Expects To Have $50 Billion In Sales By 2020

United Technologies Corp. [UTX] on Monday evening closed its acquisition of Rockwell Collins and said it would separate into three separate companies, with United Technologies housing the commercial and military aerospace businesses that are expected to have about $50 billion in sales by 2020. The $23 billion cash and stock acquisition of Rockwell Collins, which […]

Airbus, Safran Name New Chief For Space Launch Venture

Airbus Group and Safran on Monday said they have proposed Andre-Hubert Roussel, who currently runs operations at Airbus’ Defence and Space Group, to be the CEO of ArianeGroup, a joint venture between the two companies focused on the space launch business. Roussel, 53, will take on his new role on Jan. 1, 2019, and will […]

Elbit Completes Acquisition Of IMI Systems

Israel’s Elbit Systems Ltd. [ESLT] on Sunday said it has completed its $495 million acquisition of IMI Systems, which is also based in Israel, expanding its capabilities in the defense and homeland security space. Terms of the deal include an additional $27 million payment based on IMI meeting certain performance goals. “The synergy between the […]

Trump Remains Bullish on Saudi Arms Sales As Lawmakers Push Bill to Restrict Them

President Trump appears to remain steadfast in his support for Saudi Arabia and committed to pursuing foreign military sales to Riyadh for fear of competition from peer adversaries in a new statement issued Tuesday. In a written statement, the Trump administration lauded the U.S.-Saudi relationship and emphasized the $110 billion in military equipment from companies […]

Russian Hackers May Be Targeting U.S. Military, Defense Contractors In Phishing Campaign, FireEye Says

The U.S. military, defense contractors, government agencies, think tanks, the media and others are being targeted in wave of spear phishing emails potentially launched by a Russian hacker group, researchers with the cyber security firm FireEye [FEYE] say in a new blog post. FireEye detected the spear phishing on Nov. 20, saying the activity is […]

Commerce Department Seeks To Identify Emerging Technologies For Export Controls

The Department of Commerce on Monday began a congressionally-directed outreach effort to the public to sort out emerging technologies that are critical to national security that need to be controlled for exports. The Advanced Notice of Proposed Rulemaking (ANPRM) by the department’s Bureau of Industry and Security (BIS) is seeking “public comment for criteria for […]

Two Major KC-46 Deficiencies Downgraded by Air Force

The Air Force has recently downgraded two category-1 deficiencies tied to the Boeing [BA] developed KC-46 next-generation tanker program to a category-2 designation, Defense Daily has learned. Following a deficiency review board meeting Nov. 7, the service downgraded deficiencies related to the boom radial loads and the centerline drogue system to CAT-2 deficiencies, meaning a workaround solution […]

Air Force, Boeing Still Working For KC-46 To Be Ready By End of Year

The Air Force and Boeing [BA] are working on ways to address multiple deficiencies in the KC-46 aerial refueling aircraft, but it’s appearing less and less likely that the service will get a next-generation tanker on the ramp by the end of 2018. Air Force Secretary Heather Wilson said Nov. 15 that the service met […]