Archive: Market Sectors

iStock Cyber Lock

Banking, Retail Associations Seek Legislation To Clarify Data Breach Reporting Standards

Following massive consumer data breaches in 2017, such as the November Equifax [EFX] hack, banking and retail associations are urging Congress to pursue legislation to standardize cyber attack response protocols. In a Thursday letter to House Energy & Commerce Committee Rep. Greg Walden (R-Ore.) and Subcommittee on Digital Commerce and Consumer Protection Chairman Bob Latta (R-Ohio), […]

Drive shaft for Bell's 429 helicopter supplied by EnCore Composites. Photo: Encore Group

AC&A Acquires Aerospace Composites Manufacturer Encore

AC&A, a portfolio company of the private equity firm AE Industrial Partners, has acquired EnCore Composite Structures in a deal that bolsters the company’s composites business. Terms of the deal, which closed on Dec. 21, 2017, were not disclosed. “The acquisition of ECS represents a strategic addition to the unique composites platform that we are […]

U.S. Navy Virginia-class Submarine. Photo: HII

House Sub Backers Push Appropriators For More Virginia-Class Funding

The co-chairs of the Congressional Submarine Caucus and 33 other House members released a letter to the House Appropriations Defense Subcommittee on Wednesday urging the fiscal year (FY) 2018 appropriations bill increase submarine funding to match levels in the 2018 National Defense Authorization Act (NDAA) conference report. Increasing funding for Virginia-class attack submarines (SSNs) in […]

170725-N-JN784-209 SHOALWATER BAY (July 25, 2017) Marines attached to the 31st Marine Expeditionary Unit (MEU) prepare to enter the well deck of the amphibious dock landing ship USS Ashland (LSD 48) after participating in exercise Talisman Saber 2017. Talisman Saber is a biennial U.S.-Australia bilateral exercise held off the coast of Australia meant to achieve interoperability and strengthen the U.S.-Australia alliance. (U.S. Navy photo by Mass Communication Specialist 1st Class Alexandra Seeley/Released)

Updated: Companies Submit Final Amphibious Vehicle Designs To Marine Corps

Final proposals for the next Marine Corps amphibious combat vehicle (ACV) are in ahead of an operational assessment of two prototype designs, one of which should win contract approval in June. BAE Systems and Science Applications International Corp. [SAIC] – the two contenders to build the ACV 1.1 wheeled ship-to-shore troop carrier – were issued […]

capitol

Rood Cleared To Lead DoD Policy Shop

The Senate confirmed former Lockheed Martin [LMT] International executive John Rood to be undersecretary of defense for policy by an 81-7 vote late Jan. 3. Among those voting no was Sen. Elizabeth Warren (D-Mass.), who complained that many top defense officials appointed by the Trump administration come from major defense companies, creating potential conflicts of […]

iStock Cyber Lock

Booz Allen Report: Industry Needs Improved Cyber Resiliency To Deter 2018 Ransomware, Supply Chain Attacks

Industry information systems will need improved resiliency capabilities to withstand new cyber and ransomware attacks in 2018 centered around indirect supply chain threats, third-party software vulnerabilities and extortion attempts, according to a new report from Booz Allen Hamilton [BAH]. In their annual cyber threat analysis report, released Thursday, Booz’s Cyber4Sight division predicts hackers and nation-state […]

MOTA Group's JetJat toy Ultra Drone. A new DHS initiative seeks small UAVs that can operate in challenging indoor environments. Photo on Amazon.com.

DHS Seeks Innovators For Smart Cities, Internet Of Things Capabilities

The Department of Homeland Security’s (DHS) Science and Technology (S&T) branch on Thursday and key research partners on Thursday said they are seeking innovators for prototyping, testing and transitioning leading technologies for emergency responders as part of a smart cities effort that began last fall. The Request for Innovators seeks new capabilities in three areas: […]

An armed MQ-9 Reaper taxis down a runway.
Photo: U.S. Air Force

Air Force Nearing Completion Of ISR Plan

The U.S. Air Force, which is writing a report on how it hopes to improve its intelligence, surveillance and reconnaissance (ISR) capabilities in the coming years, plans to finish the document in “early spring,” a key general said Jan. 4. The “Next Generation ISR Dominance Flight Plan” will be “pretty comprehensive,” addressing “all things for ISR […]

Chris Kubasik, president and CEO of L3 Technologies. Photo: L3

Eyeing Key International Markets, L3 Creates Boards In Australia, Canada And UK

L3 Technologies [LLL] on Thursday said it has established boards in three countries to help focus its international growth in key regions. “We continue to focus on accelerating L3’s international business by strengthening our customer relationships and forging productive partnerships in key regions,” Christopher Kubasik, president and CEO of L3, said in a statement. The […]