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Assault Amphibious Vehicle
Photo: BAE Systems

Marines Choose SAIC Over BAE Systems For Next AAV Upgrade Phase

The Marine’s Program Executive Officer–Land Systems (PEO-LS) selected SAIC [SAIC] over BAE Systems as it exercised $53 million in options under a prime contract award for initial upgrades to 10 Assault Amphibious Vehicle (AAV) prototypes. BAE, which introduced the AAV in 1984, said in a statement, “We are disappointed by this decision, and look forward [...]

F/A-18 Hornet
Photo: Boeing

Navy Legacy Hornet Work Squeezed Trying To Ease Load On Super Hornets, Greenert Says

The Navy is concerned about risk in its program to extend the life of F/A-18 A through D Hornet fighters so its F/A-18E/ F models don’t age as quickly, the Chief of Naval Operations told a Senate panel on Wednesday. Adm. Jonathan Greenert said the sea service is transitioning from the legacy Hornet fleet to [...]

GD Chairman and CEO Phebe Novakovic. Photo: GD

GD Increases Dividend

General Dynamics [GD] on Wednesday said its board has approved an increase in the company’s annual stock dividend, marking the 18th consecutive year GD has boosted its dividend. The regular quarterly dividend will rise by 7 cents per share, or 11.3 percent, to 69 cents per share and be payable on May 8. GD expects [...]

Lookingglass CEO Chris Coleman. Before joining the company in 2013, he was director of Cyber Security for Cisco's U.S. Public Sector Sales organization. Photo: Lookingglass

Lookingglass Acquires Cyber Security Firm CloudShield

Lookingglass Cyber Solutions on Monday said it has acquired CloudShield, a developer of hardware and software for cyber security solutions, expanding its capabilities and solutions offerings. Terms of the deal, which closed on Feb. 27, were not disclosed. CloudShield was previously owned by Leidos [LDOS], which bought the small cyber security firm in 2010 when [...]

Defense Daily, Thursday, March 5, 2015, Vol. 265, Issue 41

MD Helicopters Sees Increase In Military Sales, Tilton Says By Pat Host ORLANDO, Fla.–MD Helicopters has experienced growth in its military helicopter business while its competitors' sales have declined, according to company CEO Lynn Tilton. "We're sort of on the 'other end' of the wave," Tilton told an audience Tuesday here at the Helicopter Association [...]
MD Helicopters' 530G. Photo: MD Helicopters.

MD Helicopters Sees Increase In Military Sales, Tilton Says

ORLANDO, Fla.–MD Helicopters has experienced growth in its military helicopter business while its competitors’ sales have declined, according to company CEO Lynn Tilton. “We’re sort of on the ‘other end’ of the wave,” Tilton told an audience Tuesday here at the Helicopter Association International’s (HAI) Heli-Expo show. “I hope it will continue, though, and not [...]

Photo: Navy/Static

Navy Slowing Aegis Modernization For Destroyers

The Navy has scaled back plans to modernize the Aegis combat systems on Arleigh Burke-class (DDG-51) destroyers that would allow them to simultaneously conduct air-theater warfare and ballistic missile defense as part of an effort to save money over the next five years. Capt. Tom Druggan, the program manager for Aegis at Naval Sea Systems [...]

Strykers In Afghanistan
Photo: General Dynamics

Stryker Brigades Receive On-The-Move WIN-T Inc 2

The Army is fielding General Dynamics’ [GD] Warfighter Information Network-Tactical (WIN-T) Increment 2 to Styker Brigade Combat Teams (SBCT), expanding mobile tactical capability. WIN-T Inc. 2 is being fielded to the 2nd SBCT, 2nd Infantry Div., (2/2 SBCT) at Joint Base Lewis-McChord, Wash., and the 1st SBCT, 1st Armored Div., Fort Bliss, Texas. WIN-T Inc [...]

navy_logo

Shipbuilding A Priority If Sequestration Returns, Mabus Tells SAC-D

Preserving shipbuilding would take priority if the Navy must take further budget cuts due to sequestration, Secretary Ray Mabus Wednesday told the Senate Appropriations Committee Defense panel (SAC-D). “In any budget decisions, shipbuilding is protected until the last dog dies,” Mabus said during the hearing. SAC Chairman Thad Cochran (R-Miss.) noted the Navy’s $161 billion [...]

United States Capitol

Financial Sector Supports Obama’s Order Promoting Sharing Of Cyber Threat Data

The financial services sector for years has been involved in sharing information about cyber threats with the federal government and among companies in the industry and it supports a new directive from the president aimed as improving this sharing, a representative from the financial sector said on Wednesday. “The administration’s executive action is a positive [...]