:

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…

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 […]