Archive: Business/Financial

An MV-22 Osprey lands aboard the USS New York LPD 21 amphibious transport dock in this Aug. 2014 photo. The ship was built at Avondale and delivered in 2009. Photo: HII

Huntington Ingalls Sells Avondale Shipyard

Four years after closing its shipyard in Avondale, La., Huntington Ingalls Industries [HII] on Thursday said the facility has been sold to a joint venture consisting of a terminal operator and redevelopment company. Terms of the sale to Avondale Marine, which consists of T. Parker Host and Hilco Redevelopment Partners, were not disclosed. A spokeswoman […]

United Flexible's products include composite hoses. Photo: United Flexible

Smiths Group To Acquire United Flexible For $345 Million

Britain’s Smiths Group plc on Thursday said it has agreed to buy Illinois-based United Flexible for $345 million in a deal that adds new solutions for its aerospace and industrial product suite around tubing and hoses for fluid and fuel transfer and expands its geographic footprint. The transaction is expected to close in the second […]

iStock Cyber Lock

Raytheon Partners With Cyber Firms To Add Technology To Security Service

Raytheon [RTN] on Tuesday said it has entered partnerships with two cyber security product companies, Cybraics and Authentic8, to add their technologies to its cyber-as-a-service subscription model. Raytheon said the partnerships will provide a security analytics and artificial intelligence platform, and a cloud-based secure virtual browser to aid its customers with protecting critical infrastructures. “With […]

Rockwell Collins' products include cockpit avionics. Photo: Rockwell Collins

Justice Department Okays UTC’s Deal For Rockwell Collins, With Conditions

The Department of Justice on Monday evening approved United Technologies Corp.’s [UTX] pending $30 billion acquisition of Rockwell Collins [COL], although the government requires UTC to divest two Rockwell Collins’ business units to preserve competition in the marketplace. The government said that UTX must divest the pneumatic ice protection systems and trimmable horizontal stabilizer business […]

Notional OPC design is 360-feet long, a 54-foot beam, and 17-foot draft. (Graphic: Eastern Shipbuilding Group.)

Coast Guard Awards Construction Contract For First OPC; Long-Lead For Next OPC And NSC

The Coast Guard on Friday said it had exercised more than $400 million in contract options toward its ongoing surface fleet modernization, including the construction contract with Eastern Shipbuilding for its first of 25 planned medium-endurance Offshore Patrol Cutters (OPC). The Coast Guard awarded Florida-based Eastern Shipbuilding a total of $317.5 million to build the […]

U.S. Army Soldier capturing facial photos with a Handheld Interagency Identification Equpment device at checkpoint in Afghanistan.

DoD Awards Brazilian Company Contract To Provide Biometric System For Afghanistan, Iraq

TAMPA, Fla.–The U.S. Defense Department earlier this month selected Brazil’s Griaule to supply and operate biometric identity management systems for the governments of Afghanistan and Iraq, a contract that represents the company’s largest award with the U.S. government. The award for the Afghanistan and Iraqi Automated Biometric Identification Systems (ABIS) is worth about $75 million […]

A model five-panel Vanguard radar system, with one panel removed.  Each panel can operate independently or as part of a larger radar.  (Image: Northrop Grumman)

Northrop Grumman Reveals New Vanguard Modular Radar

Last week Northrop Grumman [NOC] unveiled its new Vanguard multi-function, modular, open architecture radar system, touting its flexibility to scale up and apply to a plethora of platforms. Vanguard consists of individual panels about one square foot each, with each panel being a complete radar in itself. Each panel can act as an independent radar, […]

Leidos' Exploranium radiation portal monitor. Photo: Leidos

DHS Selects L3, Leidos And Smiths Detection For RPM Replacement Program

The Department of Homeland Security last week awarded contracts to three companies–L3 Technologies [LLL], Leidos [LDOS], and Smiths Detection–to supply replacement drive-through radiation portal monitor (RPM) systems for deployment at U.S. ports. The award is worth a combined $291.4 million and was announced via the Sept. 19 FedBizOpps website. The award was made by Office […]

Crossmatch's Nomad 30 pocket reader fingerprint devices. Photo: HID Global

HID Global Acquires Biometric Company Crossmatch

HID Global on Monday said it has acquired the identity management company Crossmatch in a deal that significantly expands its biometric product portfolio and authentication and identity assurance solutions. HID Global, which is part of Sweden’s Assa Abloy Group, didn’t disclose the purchase price. Assa Abloy said in a separate release that Crossmatch, which has […]

L3 ASV's C-Target 13 marine target vehicle. Photo: L3 Technologies

L3 Acquires UK Firm That Makes Unmanned Surface Vehicles

Adding to its growing franchise of unmanned maritime system capabilities, L3 Technologies [LLL] on Monday said it has acquired ASV Global, a United Kingdom-based developer and manufacturer of unmanned surface vessels and related technology for commercial, scientific, military and security applications. Terms of the deal, which closed on Sept. 20, were not disclosed. ASV also […]