Business/Financial
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Business/FinancialNavy’s RMMV Breaches Nunn-McCurdy Law
By Geoff Fein The Navy last week notified Congress of a critical Nunn-McCurdy breach of the Remote Multi-Mission Vehicle (RMMV) portion of the Remote Minehunting System (RMS) program. Lockheed Martin […]
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Business/FinancialNorthrop Grumman Completes Sale of Services Business
Northrop Grumman [NOC] has completed the $1.7 billion sale of its former advisory services business, TASC, Inc., to an investor group led by General Atlantic LLC and Kohlberg Kravis Roberts […]
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Business/FinancialJacobs Engineering Acquires Professional Services Firm TYBRIN
Jacobs Engineering Group [JEC] on Friday said it has acquired TYBRIN Corp., a professional services firm offering mission planning, software engineering, systems engineering and other services to the Defense Department, […]
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Business/FinancialUSW Challenged By Lack of Threat, Shrinking Funding, Study Says
By Geoff Fein The perceived lack of a imminent threat, along with dwindling budgets and shrinking industrial base, are having a significant impact on the development of undersea warfare systems, […]
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Business/FinancialFire Scout Completes Maritime Sensor Demo For Coast Guard
By Geoff Fein Northrop Grumman [NOC] has successfully completed maritime sensor demonstrations for the Coast Guard using a company-owned MQ-8B Fire Scout tactical Vertical Unmanned Aircraft System (VUAS). Fire Scout […]
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Business/FinancialAfter Gains In 2009, AIA Projects Flat Growth In 2010, Decline In 2011
By Calvin Biesecker The aerospace industry is on its way toward posting modest growth this year, driven by strong military sales and a slight improvement in civil aircraft business, but […]
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Business/FinancialCoast Guard Awards Bollinger $141 Million FRC Low-Rate Production Contract
By Calvin Biesecker Following approval from the Department of Homeland Security (DHS) earlier this month to proceed with low-rate initial production (LRIP), the Coast Guard yesterday awarded Bollinger Shipyards a […]
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Business/FinancialDHS, TSA Advise Urgency In Meeting Air Cargo Screening Deadline
By Calvin Biesecker There will be no extension to a looming deadline when all cargo must be screened for explosives before it is loaded onto passenger planes in the United […]
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Business/FinancialTSA To Move Forward In Competition For New Explosives Detection Systems
By Calvin Biesecker The Transportation Security Administration shortly will kick-off a long awaited competition to purchase explosive detection systems (EDS) used to screen checked baggage at the nation’s airports, with […]
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Business/FinancialDraper Labs Gives GD Potential $110 Million Contract For Trident II Work
General Dynamics [GD] Advanced Information Systems has been awarded a three-year contract potentially worth $100 million by Charles Stark Draper Laboratory to produce integrated circuits for the Navy’s Trident II […]