Archive: Business/Financial

Raytheon Launches Persistent Surveillance Eagle-300 Sensor

By Ann Roosevelt Raytheon [RTN] yesterday announced the launch of the Eagle-300, a wide area long-range sensor providing a persistent 360-degree view of a specific area, officials said. "Persistent surveillance is an ever more important need in the uncertain environment that we live in today," Gene Blackwell, Raytheon vice president of the Rapid Initiatives Group […]

BAE SYSTEMS Awarded Close To $900 Million In Bradley Reset Work

BAE SYSTEMS Dec. 11 was awarded two Army contracts that total nearly $900 million to reset Bradley Fighting Vehicles. The first reset contract, issued Nov. 29, is a $709.3 million firm-fixed-price and cost-reimbursable contract The work will be done in York, Pa., and completed by Dec. 31, 2009. The contract funds will not expire at […]

U.K. Ministry of Defence, Industry Joint To Support Front Line Forces

The United Kingdom’s front line forces will benefit from an approximately $87.5 million five-year contract to BAE SYSTEMS building on a unique collaboration between the Ministry of Defence (MoD) and U.K. industry, the Minister for Defence Equipment and Support said. The MoD and industry partnership, NITEworksr, creates simulated environments to test new ways of working […]

United Kingdom To Spend $122 Million For Tomahawk Weapon System, Support

The United Kingdom is looking to spend upwards of $122 million for the sale of and follow-on support for Tomahawk Weapon System (TWS) as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) reported. The sale includes missile modifications, maintenance, spare and repair parts, system and test equipment, engineering support, communications equipment, […]

CBP Issues Requirements For Container Security Devices

By Calvin Biesecker Customs and Border Protection this week issued a Request for Information (RFI) for existing Conveyance Security Devices (CSDs) mounted inside cargo containers to meet requirements that appear less robust than expected. The requirements, released along with the RFI on Wednesday, seek information on CSDs that can report if, and when, cargo container […]

JTRS JPEO Touts Progress In Program’s Business Model

By Jen DiMascio Three years ago, a program with ambitions of connecting all of the military services with software defined radios was in trouble–in trouble with Congress and in trouble with the Defense Department. But the Joint Tactical Radio System has rebounded over time and is putting itself in a position to realize savings with […]

Accenture Completes Purchase of MAXIM

Accenture [ACN] yesterday said it has completed its acquisition of defense consulting firm MAXIM Systems, Inc., giving it new capabilities in designing, developing, installing and supporting C4ISR systems for military and intelligence agencies. "C4ISR is a key strategic growth area for Accenture," Eric Stange, managing director of Accenture’s United States Defense practice, said in a […]

National Interest Security Company’s Acquisitions Enhance Intelligence Capabilities

The National Interest Security Company, LLC (NISC), controlled by DC Capital Partners LLC, announced the separate acquisitions of Athenyx and Information Manufacturing Corp. (IMC), moves expected to improve the company’s capabilities. NISC has completed acquisition of Columbia, Md.-based Athenyx, which provides expert level engineering and computer systems, support for the design, acquisition, development, integration, deployment, […]

NASA Gives Boeing $799.5 Million Contract For Ares I Rocket Avionics

Boeing [BA] beat out Ball Aerospace & Technologies Corp. [BLL] to win a $799.5 million avionics instrument unit for the Ares I upper stage rocket that someday will lift the Orion crew exploration vehicle into space, NASA leaders announced in a news conference yesterday. That completes the major contract awards for the Constellation Program effort […]

Air Force F-22 Raptor Stealth Fighter Reaches Full-Operation-Capability Milestone

By Michael Sirak The Air Force yesterday declared that its F-22A stealth multirole fighter aircraft has fulfilled all of its performance and operational requirements as a weapon system, and its pilots and maintainers are ready for operations, including combat employment, thereby achieving the major programmatic milestone known as full operational capability (FOC). "After years of […]