Business/Financial
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Business/FinancialLockheed Submits Proposal For SBIRS Follow-On Production Phase
Lockheed Martin Corp. [LMT] submitted a proposal for the follow-on production phase of the Air Force Space Based Infrared System (SBIRS) program, the company announced today. As well, Lockheed completed […]
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Business/Financial
Military To Buy New Generation Of Electro-Optical Satellites: DNI Office
The Director of National Intelligence, with the Department of Defense (DOD), may acquire a new generation of electro-optical satellites that would cost billions of dollars, with the work likely going […]
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Business/Financial
Pending Defense Request Hits Boeing Hardest, Analysts Say
By Calvin Biesecker Major weapons program recommendations released by the Pentagon this week were basically in line with expectations and the contractor hit the hardest is Boeing [BA], according to […]
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Business/Financial
Navy Releases CANES RFP For Shipboard Common Computing Environment
By Geoff Fein The Navy last week issued its anticipated request for proposals (RFP) for the Consolidated Afloat Network Enterprise Services (CANES), a directed approach to reduce infrastructure and increase […]
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Business/Financial
Navy Issues STUAS TIER II RFP
By Geoff Fein The Navy Friday issued its long-awaited request for proposal (RFP) for the Small Tactical Unmanned Aircraft System (STUAS)/Tier II. STUAS will fill a critical gap identified by […]
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Business/Financial
Gates Recommends End To VH-71 Program
By Geoff Fein In a surprise, Defense Secretary Robert Gates yesterday called for terminating Lockheed Martin‘s [LMT] VH-71 presidential helicopter, including the first batch of aircraft that some believed would […]
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Business/Financial
Cobham To Acquire U.S. Information Security Firm
By Calvin Biesecker United Kingdom-based Cobham yesterday said it has agreed to acquired Argotek, Inc. for $36.3 million in cash in a deal aimed at bolstering the company’s capabilities and […]
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Business/Financial
Northrop Grumman Announces Offsetting Settlements With DoJ
Northrop Grumman [NOC] on Thursday evening announced two legal settlements with the Department of Justice (DoJ), one that requires the company to make a $325 million payment and the other […]
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Business/Financial
Northrop Pays $325 Million To Settle TRW Whistleblower Case; Northrop Also Wins $325 Million Missile Cancellation Fee
Northrop Grumman Corp. [NOC] paid $325 million to settle a whistleblower case involving faulty military satellite parts involving TRW Inc. before Northrop bought that company in 2002, while at the […]
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Business/Financial
Raytheon Gains Air Force Contract For Up To 450 Maverick Missiles Upgrades
The Air Force gave Raytheon Co. [RTN] a contract to upgrade guidance and control sections for the air-to-ground Maverick missile. "The military is successfully employing laser-guided Mavericks against moving targets […]