Archive: Business/Financial

NASA Gives ATK $812.5 Million Contract For Reusable Solid Rocket Motors

NASA gave ATK Launch Systems [ATK] an $812.5 million contract change to continue delivering reusable solid rocket motors for the space shuttle, NASA said Friday. That means the Brigham City, Utah, company will provide enough solid rocket motors to serve all of the space shuttle launches scheduled until the shuttle fleet is mandated to retire […]

Boeing Hires Tata Industries To Do $500 Million Defense Aerospace Work In India

The Boeing Co. [BA] will have Tata Industries Ltd of India produce an initial $500 million worth of defense-related aerospace goods in India for Boeing and its international customers, the Chicago-based company announced. Under the Boeing-Tata memorandum of agreement, it is contemplated that the joint-venture company will be established by June, and shortly thereafter will […]

Boeing And Contractors Sign Agreement For Ares I Upper Stage Work

The Boeing Co. [BA] signed an associate contractor’s agreement (ACA) with five other aerospace companies to work together on the Ares I upper stage. That agreement will save NASA time and resources by ensuring its contractors work together seamlessly, according to the company. The ACA was formed with those companies that have key contracts with […]

Boeing Awaits Decision On AMF JTRS

Boeing [BA] officials soon expect to receive the request for the final proposal revision in its competition with Lockheed Martin [LMT] for the military’s next generation Airborne Maritime and Fixed Station Joint Tactical Radio System (JTRS AMF). The Defense Department FY ’09 budget requests $834.6 million in research, development, test and evaluation for JTRS-Navy. The […]

To Keep Aerospace Industry Vital, Policy Can’t Be Neglected, AIA Says

By Ann Roosevelt The aerospace industry saw success in 2007, but it won’t remain robust without policies in place to sustain it, according to the Aerospace Industry Association (AIA). The industry expects to reach some $199 billion in sales for 2007. About 40 percent of those sales are exported, resulting in about a $57 billion […]

L-3 Shedding Space Microwave Product Line

COM DEV USA, LLC, said yesterday it has agreed to acquire the Passive Microwave Devices product line of L-3 Communications [LLL] Electron Technologies Inc. business unit for $12.2 million in cash. COM DEV USA, a subsidiary of Canada’s COM DEV International Ltd., said the deal will accelerate its entry into the United States government space […]

Lockheed Martin Nabs FBI Contract To Develop Multi-Modal Biometric Database

By Calvin Biesecker The FBI yesterday selected Lockheed Martin [LMT] as the systems integrator for an award potentially worth nearly $1 billion to design, develop and deploy its Next Generation Identification (NGI) System, which will expand its current electronic fingerprint-based database to include multiple biometrics to better improve the identification and capture of criminals and […]

Lockheed Martin Camden, Ark., Operations Wins Shingo Silver Medal

Lockheed Martin’s [LMT] facility in Camden, Ark., has been selected as a recipient of the 2008 Shingo Silver Medallion for demonstrating excellence in manufacturing. The Shingo Silver Medallion is awarded to companies that demonstrate a system-driven level of business transformation, and recognizes operational excellence in companies that have challenged traditional business paradigms to face the […]

Lockheed Martin Receives $194 Million For Army ATACMS

Lockheed Martin [LMT] announced the award of $194 million from the Army Aviation & Missile Command for production of the combat-proven Army Tactical Missile System (ATACMS). The contract includes the ATACMS Quick Reaction Unitary and the Block IA Missiles. ATACMS is a long-range missile artillery round designed specifically for destroying high-priority targets at ranges up […]

Raytheon Joins General Dynamics Team For Halifax Mod Effort

Raytheon [RTN] Integrated Defense Systems has joined the CSI Halifax Team that is responding to the Canadian Navy’s $1.1 billion Halifax-class Modernization (HCM)–Combat Systems Integration (CSI) program, according to General Dynamics [GD] Canada. Acting as the prime contractor, General Dynamics Canada is leading a team that also includes defence industry suppliers Thales Netherlands, Thales Canada […]