:

Business/Financial

Lockheed Martin Closes EIG Sale To Veritas

DDN

Wednesday, November 24th, 2010

SHARE:

Lockheed Martin [LMT] yesterday completed the sale of its Enterprise Integration Group (EIG) business to Veritas Capital for $815 million in cash, shedding the unit to avoid potential conflicts of interest with other Lockheed Martin businesses that work with the Defense Department. The EIG unit had $626 million in sales for the 12-month period that ended on June 30. The business provides system engineering services, architecture, and integration services and support to a number of government customers. Lockheed Martin announced…

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]

Army

Army ‘Looking At Options’ For Supporting Munitions Boost Plans If Reconciliation Fails, Official Says

The Army is “looking at options” for how it would support planned boosts to munitions production if Congress doesn’t pass a reconciliation bill with the requested funding, a senior acquisition […]

Build Of At Least 45 MQ-9s By Start Of FY 2029 Required By SASC Bill

Down to an inventory of 135 MQ-9A Reapers due to the loss of two dozen aircraft in strikes on Iran, the Air Force would have to field at least 45 […]