Archive: Business/Financial

A General Atomics Predator. Photo: General Atomics

CBP Awards General Atomics $276 Million For Predator O&M Services

General Atomics has received a potential $275.9 million contract to provide operational and maintenance (O&M) services to Customs and Border Protection’s (CBP) fleet of nine MQ-9 Predator B drones that the agency operates in support of border and maritime security missions. General Atomics’ Aeronautical Systems business began supplying the Predator unmanned aircraft systems (UAS) to […]

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Polaris Alpha Acquires Fourth Dimension Engineering To Bolster Cyber Capabilities

Polaris Alpha, a portfolio company of Arlington Capital Partners, has acquired Fourth Dimension Engineering, adding expertise in hardware design and custom electronic solutions in the cyber arena. Terms of the deal were not disclosed. Fourth Dimension is located in Columbia, Md., near the National Security Agency and U.S. Cyber Command. The company has 79 employees. […]

Huntington Ingalls Updates Ships Statuses, Reactivates Ingalls East Bank

Huntington Ingalls Industries’ Newport News Shipbuilding President Jennifer Boykin provided an update on the various stages of construction on several major Navy shipbuilding programs during the Navy League’s Sea Air Space Expo last week. The future USS John F. Kennedy (CVN-79) is about 43 percent complete, with launch planned for the fourth quarter of 2019 […]

L3's ProVision 2 Advanced Imaging Technology people scanner is deployed at airport checkpoints worldwide. Photo: L3 Technologies

Court Denies GD’s Protest Of TSA Award To Unisys For Integration Contract

The U.S. Court of Federal Claims has denied a motion by General Dynamics [GD] challenging an award by the Transportation Security Administration (TSA) last November to Unisys [UIS] to integrate transportation security equipment that is deployed to airports across the U.S. In her ruling, U.S. Court of Federal Claims Chief Judge Susan Braden said that […]

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Boeing, BAE, Rolls-Royce Invest In U.K. Hypersonic Engine Company

Boeing [BA] on Wednesday evening said its venture arm has made an investment in a small British company that is developing hypersonic propulsion technology for aircraft and rockets. The Boeing HorizonX Ventures investment in Reaction Engines is part of a $37.3 million funding round that includes Britain’s Rolls-Royce and BAE Systems. BAE in 2015 also […]

The future USS Gerald R. Ford (CVN 78) arrives at Naval Station Norfolk in Virginia on April 14, 2017, after returning from builder's sea trials. (Photo by U.S. Navy)

HII Sees Two Carrier Buy Saving $1.6 Billion Before GFE

National Harbor, Md. — The president of Huntington Ingalls Industries’ [HII] Newport News Shipbuilding (NNS) said the company sees a two-carrier purchase of the next Gerald R. Ford-class carriers as saving upwards of $1.6 billion over buying them, separately. Jennifer Boykin, executive vice president of HII and president NNS, told reports here during the Navy […]

Analogic's computed tomography-based ConneCT checkpoint scanner. Photo: Analogic

Altaris Capital To Acquire Analogic For $1.1 Billion

After a 10-month strategic review, Analogic Corp. [ALOG] on Tuesday said it will be acquired by the private equity firm Altaris Capital Partners for $1.1 billion in cash. Analogic, which provides products in the medical imaging and security detection space, said the agreement maximizes its value for shareholders, pointing out that the $84 per share […]

Leonardo's TH-119 helicopter

Bell, Leonardo Vying For Potential Navy Training Helicopter Contract

NATIONAL HARBOR, Md. — Textron’s [TXT] Bell Helicopter and Leonardo are touting two different approaches, pitching cost effectiveness against full requirements, for a potential Navy contract to replace its fleet of training helicopters with 105 new aircraft. Navy officials are looking to move on from the Bell TH-57 Sea Ranger helicopter for their advanced training […]

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L3 Introduces Next-Generation Of Its Iver Autonomous Underwater Vehicle

NATIONAL HARBOR, Md.–L3 Technologies [LLL] on Monday introduced the newest generation of its Iver family of autonomous underwater vehicles (AUVs), the Iver4-PW, which more than doubles the range of the existing systems while adding more capability. L3 is planning to offer multiple variants of the Iver4-PW, which can range at least 40 nautical miles or […]

R. Andrew Hove, president and CEO of AM General. Photo: AM General

AM General Chief Touts Global Market For Aiding Company’s Success

AM General, the automotive manufacturer best known for building the Humvee multipurpose vehicle for the U.S. military, is finding tremendous success overseas, a key ingredient to its competitiveness, Andy Hove, the company’s president and CEO, said on Wednesday. Hove said AM General has the largest installed base of military vehicles globally, with more than 260,000 […]