:

Business/Financial

Lockheed Martin To Sell Two Business Units

DDN

Thursday, June 3rd, 2010

SHARE:

By Calvin Biesecker Lockheed Martin [LMT] yesterday said it plans to sell two of its business units, one to avoid organizational conflicts of interest with work the company does with the Defense Department and the other because its customer's needs don't jibe with the company's long-term strategy. The Enterprise Integration Group (EIG) and Pacific Architects and Engineers, Inc. (PAE), the two units up for sale, are part of the Information Systems & Global Solutions (IS&GS) business area. The two units…

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 […]