Archive: Business/Financial

Raytheon Launches Initiative To Capture International ISR Business Opportunities

By Michael Sirak Raytheon [RTN] has launched an initiative called Global Intelligence, Surveillance and Reconnaissance (GO ISR) to leverage the company’s expertise and provide tailored information-gathering systems and integrated sensor-platform solutions in the near term to customers in the emerging, multibillion-dollar international ISR market, according to a senior company official. "We have been doing a […]

Clinton Backs Eventual Human Space Exploration Of Solar System, And Supports New Spaceship

Huckabee Uncertain On Mars, But Urges Space Program Growth Tancredo Opposes Exploration, Mars Mission On Budget Deficit Grounds Most presidential candidates have voiced no support for, or have outright opposed, President Bush’s vision of manned missions to the moon, Mars and beyond. The one exception is Sen. Hillary Clinton (D-N.Y.), a member of the Senate […]

Defense Watch

The Latest Word On Trends And Developments In Aerospace And Defense Movement Possible. A House leadership aide confirmed the House is likely to appoint conferees this week for the defense authorization bill. Conferees from the House and Senate are expected to meet shortly after to sign off on the defense authorization bill. Most of the […]

DARPA Exploring Development of 50-Caliber Smart Bullet

The Defense Advanced Research Projects Agency (DARPA) plans to host an industry day on an exploratory development program aimed at developing a highly accurate 50-caliber bullet at long distances against moving targets. DARPA says the EXACTO program has two components. The first is to develop a guidance system that provides information to direct the projectile […]

Lockheed Martin Demonstrates Short-Range Capability For SPY-1 Radar

By Geoff Fein Lockheed Martin [LMT] successfully demonstrated a new Extreme Short Range (ESR) mode for its family of SPY-1 naval radars that will extend the coverage radius to support helicopter approach control, enhances small surface target detection and performance in the littorals, a company official said. Lockheed Martin had been considering the idea of […]

U.K. MoD Orders More Lockheed Martin Desert Hawk UAS

The United Kingdom’s Ministry of Defence awarded Lockheed Martin [LMT] a $4.8 million contract to procure additional Desert Hawk III Unmanned Aircraft Systems (UAS), the company said Nov. 28. With a $6.3 million award in April, the contracts are directed at increasing the capability of the British Army. The Desert Hawk III UAS consists of […]

ICGS Announces Progress On Second Security Cutter

Northrop Grumman [NOC] has successfully lifted the 25-ton mast onto the second Coast Guard National Security Cutter (NSC), putting the ship at 42 percent complete in the production process at the company’s shipyard in Pascagoula, Miss., Integrated Coast Guard Systems (ICGS) said Wednesday. The second NSC, called the U.S. Coast Guard Cutter Waesche (WMSL 751), […]

Elbit’s M&A Activities Bear Fruit, Contribute To Record Financial Results

TEL AVIV, Israel– Elbit Systems [ESLT] on recently reported its consolidated results for the third quarter ending Sept. 30 with the company’s president and CEO saying recent acquisitions helped generate record revenues, backlog and cash flow. "We are pleased to report another strong quarter of growth, which was based on organic revenue growth of 19 […]

Raytheon Wins $1.3 Billion U.K. e-Borders Contract

Raytheon [RTN] recently was selected by the United Kingdom’s Home Office to receive a $1.3 billion contract to develop and install a border security system that will allow British authorities to check the background of persons entering and exiting the country against various watch lists. Raytheon beat British Telecom for the e-Borders contract. In two […]

DARPA, Northrop Grumman Move Into Next Phase of UAV Control Architecture

By Michael Sirak The Pentagon’s advanced research shop and industry partner Northrop Grumman [NOC] are moving into the next phase of a program that will allow Army personnel to coordinate the tactical operations of unmanned sensor aircraft more efficiently and enable soldiers at lower echelons in areas like urban terrain to call up and receive […]