Archive: Business/Financial

iStock Cyber Lock

New Malware Threat Hitting U.S. Aerospace & Defense, Manufacturing Industries

Aerospace and defense contractors and manufacturing companies are facing a new malware threat disguised in standard business software documents that is aimed at stealing critical information for identity theft and extortion, according to a new report from cyber protection company FireEye [FEYE]. The new threat, known as FormBook, is being sold on hacking forums and […]

A light armored vehicle prototype fires an integrated 30mm cannon during a live fire demonstration July 15 at Fort Benning, Ga. Photo: Army.

SAIC Enters Army Light-Tank Competition With Frequent Partner ST Kinetics

Science Applications International Corp. [SAIC] is joining the effort to build the Army a light tank for infantry brigades. SAIC on Oct. 5 threw its hat in the ring as a contender for the Mobile Protected Firepower (MPF) program. It has teamed with Singapore-based vehicle manufacturer ST Kinetics, mirroring the industry combo that is in […]

Flight test of Aurora Flight Sciences subscale VTOL UAS. Earlier this year the company conducted a series of flight tests on the 325-pound aircraft, demonstrating the ability of the tiltwing aircraft to take-off and land vertically and to fly horizontally. Photo: Aurora Flight Sciences

In A Fast Changing World, Boeing Acquiring Aurora To Help Develop Future Aircraft

Boeing [BA] on Thursday said it has agreed to acquire Aurora Flight Sciences, a technology leader in autonomy, aerostructures and aerospace designs, in a deal the world’s largest aerospace company is betting will help it design and develop the next-generation of commercial and military aircraft that are expected to increasingly feature more autonomous capabilities. Terms […]

Peter Cannito, CEO of Polaris Alpha.

Polaris Alpha Acquires Solidyn Solutions To Expand Space Capabilities

Polaris Alpha, which created nearly a year ago through the combination of three small companies, on Monday said it has acquired Solidyn Solutions, adding capabilities in support of space and C4ISR solutions. Terms of the deal, which closed on Sept. 27, were not disclosed. Polaris is based in Colorado Springs, Colo., and Solidyn is in […]

AN/SPY-6(V) Air and Missile Defense Radar array at the U.S. Navy's Pacific Missile Range Facility in Hawaii. Photo: Raytheon.

GD Wins Navy Contract To Build Two DDG-51 Destroyers

The U.S. Navy awarded General Dynamics [GD] Bath Iron Works (BIW) a contract to plan and build two Arleigh Burke-class destroyers (DDG-51), including the second Flight III destroyer, the Defense Department said in a Thursday announcement. GD was awarded a firm-fixed-price-incentive-firm target modification to a previously awarded contract to incorporate the Flight III configuration for […]

A concept image of Bell Helicopter's V-280 Valor tiltrotor aircraft.

Bell To Speed Up FVL Acquisition With V-280 Prototype, But Army Calls It A Demonstrator

AMARILLO, Texas – Bell Helicopter’s V-280 Valor is ready to carry troops into combat as a functional tilt-rotor airframe, company officials claim.  The experimental aircraft is ready to enter the acquisition cycle and move beyond the early development phases, according to a company official. Bell’s director of global military business development, Carl Coffman says the […]

DHS Logo DHS

Northrop Grumman Nabs DHS Identity Management Award

The Department of Homeland Security (DHS) on Friday selected Northrop Grumman [NOC] as the prime contractor to create a new multimodal biometric identity management system meant ultimately designed to provide the department’s components and other federal stakeholders with greater capabilities to ferret out terrorists and criminals. Northrop Grumman beat CSRA, Inc. [CSRA] and Leidos [LDOS] […]

New-build Humvee variants at AM General's South Bend, Ind., factory on Aug. 27, 2017. (Photo by Dan Parsons)

In One Month, AM General Banks Half-Billion In Humvee Orders

SOUTH BEND, Ind. – Less than a month after signing a $2.2 billion requirements contract to sell Humvees to allied militaries, AM General announced it has already filled more than a quarter of those potential orders. The company on Aug. 28 announced deals with Afghanistan, Iraq, Ukraine, Jordan, Slovenia, Bahrain, Columbia, Bosnia and Kenya totaling […]

Pentagon_anddowntown_

Pentagon Office To Seek Industry Responses On Surge Capacity

The Pentagon shortly plans to release a private sector questionnaire seeking inputs on industry’s ability to surge its capabilities to meet future battlefield needs, a Defense Department official said on Thursday. The pending outreach to industry is part of the department’s data gathering for a report requested by President Donald Trump pursuant to an executive […]

Kathy Warden has been named by Northrop Grumman to be its new president and chief operating officer beginning on Jan. 1, 2018. She currently is president of the company's Mission Systems Sector. Photo: Northrop Grumman

Northrop Grumman Promotes Warden To President, Announces Other Leadership Moves

Northrop Grumman [NOC] late Tuesday afternoon announced a number of forthcoming leadership changes, including the elevation of Kathy Warden to the position of president. Wes Bush, Northrop Grumman’s chairman and CEO, is also president. Warden, who is currently in charge of the company’s Mission Systems Sector, will become president and chief operating officer (COO) of […]