Business/Financial
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Business/FinancialSaab and UMA Aero Group AG Form Joint Venture For UAVs
Saab AB and UMS Aero Group AG, a Swiss supplier of tactical unmanned aerial vehicles (UAVs), are forming a joint venture to offer UAVs, Saab said Monday. The joint venture […]
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Business/FinancialINSA Names New President
The Intelligence and National Security Alliance (INSA) announced Monday that Charles Alsup, the organization’s vice president of policy, will become the organization’s new president in 2016. Alsup succeeds outgoing president […]
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Business/FinancialNorthrop Grumman Wins $53 Million Contract For Laser Weapon System Testing
The U.S. Navy’s Office of Naval Research (ONR) awarded Northrop Grumman [NOC] an initial contract of $53 million to produce a 150-kilowatt-class solid state laser weapon system for naval ship […]
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Business/FinancialBoeing Agrees To Pay $12 Million To Settle FAA Enforcement Cases
The Federal Aviation Administration (FAA) on Tuesday said that Boeing’s [BA] Commercial Airplanes segment agreed to pay $12 million to settle multiple pending and potential enforcement cases related to compliance. […]
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Business/FinancialHEICO To Acquire Military Fuels System Company Robertson
HEICO Corp. [HEI] on Monday said its Electronic Technologies Group has agreed to acquire Robertson Fuel Systems, LLC for $255 million in cash, adding to its portfolio in the aerospace […]
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ArmyCubic Announces Acquisitions Of Two Companies In C4ISR Markets
Cubic Corp. [CUB] on Monday said it has acquired one firm and agreed to acquire another in deals aimed at further expansion in the C4ISR arena. Cubic said it paid […]
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Business/FinancialGermany Buys 131 Additional Boxer Armored Fighting Vehicles For $520 Million
Germany’s armed forces (Bundeswehr) contracted Rheinmetall and Krauss-Maffei Wegmann (KMW) to supply 131 additional Boxer armored fighting vehicles for about $520 million, Rheinmetall said Monday OCCAR, an international European procurement […]
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ArmyLockheed Martin Files JLTV Complaint In Federal Court, Canceling Previous Protest
Lockheed Martin’s [LMT] protest of the Joint Light Tactical Vehicle (JLTV) contract award was dismissed by the Government Accountability Office (GAO) on Tuesday, clearing the way for Oshkosh [OSK] to […]
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Business/FinancialTwo European Military Manufacturers Complete Association
Krauss-Maffei Wegmann (KMW) and Nexter Systems, European manufacturers of military land systems based in Germany and France, respectively, will now operate jointly under an umbrella holding company, the companies said […]
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Air ForceDISA Awards GD $450 Million Contract For Communications Services To Air Force Central Command
The Defense Information Systems Agency (DISA) awarded General Dynamics [GD] a contract worth up to $450 million to provide communications technical support services to U.S. Air Forces Central Command (USAFCENT) […]