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Air Force

Lockheed Martin To Acquire Supplier of Optical Surveillance Systems

DDN

Thursday, July 23rd, 2009

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By Calvin Biesecker Lockheed Martin [LMT] yesterday said it has agreed to acquire Florida-based Gyrocam Systems LLC, a developer and supplier of gyrostablized optical surveillance systems mainly for use on ground vehicles operated by the United States military, boosting its capabilities in the area of intelligence, surveillance and reconnaissance (ISR). Terms of the deal, which is not expected to be material to Lockheed Martin's finances, were not disclosed. Gyrocam was for sale and Lockheed Martin acquired the company through an…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]