Reporter: Business/Homeland Security
Defense Daily
Ph: 434-242-7750
Cal Biesecker
Articles By Cal
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SpaceAustralia Cancels Satellite Effort With Lockheed Martin As Space Tech Advances
The Australian Ministry of Defence on Nov. 4 terminated its procurement activity with Lockheed Martin [LMT] for a single communications satellite in favor of pursuing multiple spacecraft that could provide […]
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Business/FinancialPrivate Equity Firm Acquires Defense Engineering Firm From Trident Maritime Systems
The private equity firm J.F. Lehman & Co. on Monday said its portfolio company Trident Maritime Systems has sold its Hoffman Engineering company to another investment firm, Branford Castle Partners. […]
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Business/FinancialTeledyne Acquires Electronics Company Micropac Industries
Teledyne Technologies [TDY] on Monday said it has acquired Micropac Industries [MPAD] in a $57.3 million deal that adds electronic components used in space, military, industrial, and medical applications. The […]
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Business/FinancialARKA Group Acquires Radar And Sensor Tech Unit From Maxar Intelligence
ARKA Group last Friday said it has acquired the Radar and Sensor Technology (RST) business from Maxar Intelligence, providing it with experts that support classified government sensor programs. Terms of […]
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Business/FinancialPalantir’s CTO Sankar Issues Treatise On Reforming DoD Acquisition
A top Palantir [PLTR] executive last week offered a sweeping set of recommendations—he calls them theses—for transforming the way the Defense Departments buys weapons and systems, and how U.S. industry […]
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Business/FinancialCACI Completes $1.3 Billion Acquisition Of Defense Electronics Company Azure Summit
CACI International [CACI] on Wednesday said it completed its $1.3 billion acquisition of Azure Summit Technology, adding capabilities in radio frequency technology and engineering. Azure, which has more than 300 […]
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Business/FinancialHII’s Third Quarter Earnings Tumble On Delays In Submarine Awards, Labor And Supply Chain Challenges
HII’s [HII] strong momentum in 2024 came to a screeching halt in the third quarter due to several challenges in its shipbuilding operations, notably delays in an award from the […]
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Advanced / Transformational TechnologyDoD Awards dMetrics $100 Million To Provide AI Platform That Scours Open Source, Other Data For Connections
The Defense Innovation Unit (DIU) on Wednesday said dMetrics received a $99.5 million contract to provide its Minsky artificial intelligence platform for help Defense Department analysts search through vast amounts […]
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Advanced / Transformational TechnologyMunsell Adds Chief AI Officer To Job Portfolio At NGA
The National Geospatial-Intelligence Agency (NGA) this week named Mark Munsell as its new Chief Artificial Intelligence Officer (CAIO), adding to his duties, formalizing the position, and elevating it to the […]
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Business/FinancialLeonardo DRS Reports Strong Third Quarter Financials
Benefiting from its sensing, radar, and force protection work, Leonardo DRS [DRS] on Wednesday posted strong third quarter sales and earnings, continuing its robust momentum this year. Net income jumped […]
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