Business/Financial
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ArmyDynCorp To Continue Support For 160th SOAR
DynCorp (DI) yesterday said Army Special Operations Aviation Command (USASOAC) has awarded it a task order under the Contract Field Teams (CFT) contract to provide aviation support to the 160th […]
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Business/FinancialITT Exelis Acquires Signal Processing Firm Space Computer Corp.
ITT Exelis [XLS] said on Monday that it has acquired a small company that produces real-time signal processing systems software and algorithms for exploiting hyperspectral data. Terms of the deal […]
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Army
Lockheed Martin To Produce More Hellfire Missiles For U.K.
The United Kingdom has ordered more Hellfire missiles under an approximately $45 million contract with Lockheed Martin UK, which continues missile delivery through 2013. All production for the AGM-114 missiles […]
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Business/Financial
Precision Castparts To Acquire Aerostructures Maker Klune Industries
Precision Castparts [PCP] on Sunday said that it has agreed to acquire Klune Industries in a deal that expands its capabilities in the aerostructures market for commercial and military products. […]
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Business/Financial
MDA To Acquire Space Systems/Loral, Become Major Communications Player
Canada’s MacDonald, Dettwiler and Associates Ltd. [MDA],this week said it signed an agreement to acquire 100 percent of Space Systems/Loral Inc. (SS/L) for $875 million in a transaction that is […]
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Business/Financial
Lockheed Martin Elects Kubasik To New Position On Board of Directors
Lockheed Martin [LMT] yesterday said its board of directors unanimously voted to establish the new position of vice chairman, electing President and Chief Operating Officer Christopher Kubasik as a board […]
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Business/Financial
BAE Systems Promotes Two Executives
BAE Systems yesterday said Tom Arseneault has been appointed executive vice president, Product Sectors and chief technology officer. Larry Prior, who currently serves as executive vice president, Service Sectors, has […]
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Business/Financial
PartnerTech, BAE Systems Unit Sign LoA On Defense Electronics
Sweden’s PartnerTech [PART] and BAE Systems’ Global Combat Systems unit yesterday said the two companies have signed a letter of intent regarding the manufacturing and testing of defense electronics. "This […]
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Army
Kongsberg To Supply Norwegian Army Systems Under BAE Systems Contract
Kongsberg has signed an approximately $64.2 million contract with BAE Systems to supply combat systems for Norwegian military vehicles. BAE Systems, Sweden, is the main supplier to the Norwegian army’s […]
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Air ForceDLA Already Moving Some Items Out of Afghanistan, Director Says
The director of the Defense Logistics Agency (DLA) said the agency is already beginning to move items out of Afghanistan ahead of the larger work expected as U.S. troops begin […]