International
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Navy/USMCLockheed Martin Wins $2.3 Billion Contract To Refurbish MH-60 Parts
The Navy awarded Lockheed Martin [LMT] a contract worth up to $2.338 billion on Jan. 31 to repair, upgrade or replace weapon replaceable and shop replaceable assemblies for the service’s […]
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Business/FinancialAirbus To Pay U.S. Nearly $600 Million To Settle Bribery, Corruption Allegations
The Department of Justice last Friday said that Airbus Group has agreed to pay the U.S. government $592 million to settle bribery and corruption charges related to commercial aircraft sales […]
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Air ForcePoland Officially Commits to $4.6 Billion F-35 Contract
Poland’s leaders signed a contract Jan. 31 to formally procure 32 F-35A Joint Strike Fighters for $4.6 billion, becoming the latest partner to join the F-35 family via foreign military […]
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InternationalU.S., France To Hold Joint Exercises With Space Commands
The U.S. and France will run “common exercises” between the two countries’ new space commands, with leaders of the new space-focused entities already working on coordination efforts. Defense Secretary Mark […]
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Business/FinancialAirbus, HawkEye 360 Partner On Geospatial Solutions
Airbus Group and HawkEye 360 this week said they have formed a strategic partnership to deliver geospatial intelligence solutions derived from their respective datasets for defense, security and civil customers. […]
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Homeland SecurityIndustry, Montreal Airport in Year-Long Drone Security Trial
A year-long trial to monitor for drone activity to gather data, increase situational awareness and improve response actions is underway at a major international airport in Montreal and includes the […]
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Business/FinancialBAE To Acquire UTC’s Military GPS Unit, Raytheon’s Airborne Radio Business For $2.2 Billion
BAE Systems, Inc. on Monday said it has agreed to acquire the military GPS business of United Technologies Corp. [UTX] and the airborne tactical radios (ATR) business of Raytheon [RTN] […]
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InternationalSikorsky Submits CH-53K Bid To Germany
Sikorsky [LMT] and German partner Rheinmetall formally submitted their bid on Monday to produce and operate the CH-53K King Stallion as the next Germany Air Force heavy lift helicopter. Sikorsky’s […]
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InternationalState Department Approves $2.8 Billion Sale Of 12 F-35Bs To Singapore
The State Department approved a possible Foreign Military Sale (FMS) of up to 12 F-35B Joint Strike Fighters to Singapore for $2.75 billion this week. The Defense Security Cooperation Agency […]
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Business/FinancialLockheed Martin Invests In Canadian Imaging Company
Lockheed Martin [LMT] has made a $4 million investment in Canadian imaging company PV Labs as part of an earlier deal requiring the U.S. defense giant to invest in Canadian […]