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Business/FinancialBAE SYSTEMS Acquiring Services Provider MTC Technologies
Britain’s BAE SYSTEMS last month said it has agreed to acquire MTC Technologies, Inc., [MTCT] in a $450 million deal that gives it access to new customers in the Defense […]
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Lockheed Martin Acquires PercepTek
Lockheed Martin [LMT] last month said it has acquired PercepTek, Inc., a developer of autonomous software technologies used in navigation for unmanned ground vehicles and aircraft systems, and automated persistent […]
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Business/Financial
ITT Completes Purchase of EDO
ITT Corp. [ITT] last month completed its acquisition of EDO Corp. for $1.7 billion, which includes the assumption of debt, giving it a range of new aerospace and defense capabilities. […]
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Air ForceAir Force Fields Communications Device For Air Strike Controllers On The Go
The Air Force is sending a lightweight wireless communications device to combat units next week for the first time that will allow its ground personnel who call in air strikes […]
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CongressCongress Considers Options After President Announces Plan To Veto Defense Bill
By Jen DiMascio Congressional leaders are weighing options for overcoming President Bush’s decision to veto the annual bill to authorize funding for Pentagon operations that lawmakers overwhelmingly passed last month. […]
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Navy/USMCNavy Looks To Industry For Direct Attack Moving Target Capability
By Geoff Fein The Navy in 2008 will begin an effort looking at developing a direct attack moving target capability (DAMTC) for strike weapons as well as necking down the […]
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Business/Financial
BAE SYSTEMS Acquiring Services Provider MTC Technologies
Britain’s BAE SYSTEMS last month said it has agreed to acquire MTC Technologies, Inc., [MTCT] in a $450 million deal that gives it access to new customers in the Defense […]
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Business/Financial
Lockheed Martin Acquires PercepTek
Lockheed Martin [LMT] last month said it has acquired PercepTek, Inc., a developer of autonomous software technologies used in navigation for unmanned ground vehicles and aircraft systems, and automated persistent […]
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Air Force
Members of Congress Press For C-17 Funding In FY ’09 Budget
By Jen DiMascio Like a number of senators last week, 57 House members this week appealed to the Defense Secretary to ensure that the Air Force funds C-17 Globemasters in […]
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Business/Financial
BAE SYSTEMS Selling Electronic Warfare Unit To Cobham
BAE SYSTEMS recently said it has agreed to sell its Pennsylvania-based Surveillance and Attack business to Cobham plc, for $240 million in cash as it de- emphasizes its role as […]