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Business/Financial

Lockheed Martin Completes Divestiture Of Energy Services Business

By Cal Biesecker

Wednesday, November 20th, 2019

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Lockheed Martin Completes Divestiture Of Energy Services Business

Lockheed Martin's Energy business includes long-duration storage solutions. Image: Lockheed Martin

TRC Companies on Tuesday said it has completed its acquisition of Lockheed Martin’s [LMT] Distributed Energy Solutions (LM-DES), which expands its presence across North America and adds to its utility services capabilities. Terms of the deal, which was first announced in October, were not disclosed. The divestiture of LM-DES allows Lockheed Marti to focus energy strategy on products and technology for the energy market and the Defense Department. LM-DES is a commercial business that provides services for energy efficiency, demand…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

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 […]