Archive: Business/Financial

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BWXT, Jacobs Announce Management Changes

Two major federal contractors, Virginia-based BWX Technologies [BWXT] and Dallas-based Jacobs Engineering [JEC], announced new executive appointments in the past week.Colin Jones, most recently with AECOM [ACM] is the new vice president and deputy general manager of Jacobs’ North American Nuclear business unit, the company said Friday. He has more than 20 years of experience […]

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L3 Acquires Space Mission Company Applied Defense Solutions

L3 Technologies [LLL] on Monday said it has acquired a software development and data analytics company that strengthens its work in space mission work for $50 million. Applied Defense Solutions (ADS), which is based in Maryland, is expected to contribute about $15 million in sales to L3 in 2018 and about $50 million in 2019. […]

Singapore Royal Air Force F-15SG multi-role fighter built by Boeing. Photo: Singapore RAF.

Boeing, Singapore Defense Agency To Develop Analytics For Aircraft Performance

Boeing [BA] and a Singaporean defense agency on Thursday agreed on a joint research and development project on data analytics to better understand how well military aircraft are performing and predict future needs for operations and maintenance. The deal is between Boeing’s nearly year-old Global Services segment and Singapore’s Defence Science and Technology Agency (DSTA). […]

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Boeing HorizonX Invests In Drone Delivery Firm Matternet

Boeing’s [BA] year-old ventures unit on Tuesday announced its fourth investment in autonomous aircraft systems, leading a funding round in Matternet, a startup firm that has developed unmanned aircraft systems (UAS) and related software for delivering small packages. The $16 million Series A funding also includes Swiss Post, Sony Corp.’s [SNE] Sony Innovation Fund, and […]

CACI President and CEO Ken Asbury

CACI Raises Earnings Guidance

Due to better than expected operating performance, CACI International [CACI] on Wednesday revised upward its earnings guidance for its fiscal year 2018 that ends on June 30. The company now expects net income to range between $292 million, $11.54 earnings per share (EPS), and $297 million ($11.74 EPS), up from the prior outlook of between […]

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Elbit Receives Approvals From Israel Government In Deal For IMI Systems

Israel’s Elbit Systems [ESLT] on Tuesday said it has reached agreement with the Israeli government for the tender of state shares related to the company’s pending $495 million acquisition of IMI Systems Ltd., which is also based in Israel. Elbit said completion of the deal is still subject to further government approvals, including by Israel’s […]

iStock Cyber Lock

Government Bars Contractors From Using Kaspersky Products In Support Of Contracts

The federal government last Friday issued plans to modify contracting regulations to prohibit the use of cyber security software provided by a Russian company by contractors in support of federal programs. The interim rule, issued by the Defense Department, General Services Administration, and NASA, “prohibits contractors from providing any hardware, software, or services developed or […]

BAE's CV90 MkIV at the Eurosatory conference. Photo: Matthew Beinart.

BAE Expanding International Market For CV90, Beowulf, Vehicle Options For Archer Howitzer

PARIS–BAE SYSTEMS’ CV90 and Beowulf combat vehicles and Archer artillery system are receiving increased interest from the Army and international partners, including the Czech Republic and the Netherlands, officials told Defense Daily Wednesday. BAE showcased the latest MkIV version of its CV90 vehicle, built by the company’s Hagglunds subsidiary, for the first time at this […]

Lockheed Martin's Howard Bromberg holds the new Miniature Hit-to-Kill missile. Photo: Matthew Beinart.

Lockheed Moving Miniature Hit-To-Kill Missile Into Development Phase

PARIS–Lockheed Martin [LMT] is moving its new miniature missile into development following an Army deal, announced Wednesday, to mature the close-range lethality interceptor to meet requirements for the Extended Mission Area Missile program. The two-and-a-half foot, five-pound Miniature Hit-to-Kill (MHTK) interceptor is designed to take down rockets, artillery, mortars and UAVs, and Lockheed officials are […]