Aerospace Group:

Business/Financial

Raytheon Acquires Blackbird Technologies, Bolsters Presence With SOCOM

By Cal Biesecker

Wednesday, November 5th, 2014

SHARE:

Raytheon Acquires Blackbird Technologies, Bolsters Presence With SOCOM

Lynn Dugle, president of Raytheon's Intelligence, Information and Services segment. Photo: Raytheon

Raytheon [RTN] on Wednesday said it has acquired privately held Blackbird Technologies for $420 million, expanding its presence with the Special Operations community and expanding its capabilities in persistent surveillance, secure tactical communications and cyber security. Raytheon did not say what Blackbird’s annual sales are, although it said the acquisition would be immaterial to its fourth quarter sales and earnings. Blackbird, which is based in Northern Virginia, has more than 570 employees. Raytheon said the deal moves it into one…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]