KippsDeSanto: Aerospace, Defense M&A Deals Eye Power Distribution Sector

kipps
KippsDeSanto believes UEC Electronics’ acquisition of defense and security products provider Arotech shows that aerospace and defense companies are looking to power distribution and management technologies for mergers-and-acquisition deals. The deal also demonstrates an attraction towards budgeted and long-term programs that support industry and military initiatives, the investment bank said Thursday. Companies...

Jim Anderson Named BAE Applied Intell Division Americas Region President; Martin Sutherland Comments

Jim Anderson
Jim Anderson Jim Anderson, formerly director of unified computing global sales at Cisco (NASDAQ: CSCO), has joined BAE Systems’ applied intelligence division as president for the Americas region. Anderson will lead the division’s sales, services and operations in the U.S. as BAE intends to better help customers address financial crime and cyberattacks, the company said Wednesday. Martin Sutherland,...

Boeing, Navy Ink New $2B Poseidon Deal

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Boeing (NYSE: BA) and the U.S. Navy have signed a $2.4 billion contract for the company to build 16 additional P-8A Poseidon planes, bringing the branch’s total fleet to 53 and moving the P-8A program from preliminary low-rate production to full production. The maritime patrol plane is based on the 737-800 commercial aircraft and is built to carry out submarine warfare, surface security and...

BAE Wins $540M to Maintain USAF Space Radar System; Tom White Comments

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BAE Systems will continue to maintain the U.S. Air Force Space Command’s space radar system for missile threat detection and surveillance operations under a contract extension worth nearly $540 million. The company will manage and operate the Solid State Phased Array Radar System, which works to monitor various objects in the Earth’s orbit, BAE Systems said Monday. Tom White, senior director of...

Linda Hudson Joins Energy Firm Southern Company’s Board of Directors

Linda Hudson
Linda Hudson Linda Hudson, former president and CEO of BAE Systems‘ U.S. subsidiary, has been elected to the board of directors at energy firm Southern Company (NYSE: SO) and will continue to serve as an adviser and external director at BAE Systems Inc. Hudson led the subsidiary’s armament and technical products unit before becoming chief executive and is also a former vice president at General...

Tom Arseneault Promoted to BAE US COO; Dave Herr to Retire

Tom Arseneault
Tom Arseneault Tom Arseneault, formerly executive vice president of the product sectors at BAE Systems Inc. — the British contractor’s U.S. subsidiary — has been promoted to chief operating officer. Dave Herr BAE also announced Wednesday that Dave Herr, product sectors EVP and a 27-year defense industry veteran, will retire from the company. “As COO, Tom will be key to accomplishing...

Report: Mitsubishi Heavy, BAE Discuss F-35 Parts Deal

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Japan-based Mitsubishi Heavy Industries is negotiating with BAE Systems the terms of a potential contract, where Mitsubishi Heavy would supply components for Lockheed Martin‘s (NYSE: LMT) F-35 aircraft, Reuters reported Monday. Tim Kelly writes the progress of that agreement depends on the decision of Japan’s government on whether to subsidize production of parts for the F-35’s rear fuselage. BAE...

BAE to Maintain, Update USS Chung Hoon

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BAE Systems will perform maintenance and repair wors on the U.S. Navy’s USS Chung Hoon (DDG 93) vessel under a $37.4 million contract, Navaltoday.com reported Friday. The company’s Hawaii Shipyards facility was chosen for the dry-docking selected restricted availability work on the Arleigh Burke-class Aegis destroyer during fiscal year 2014. Chung Hoon has supported maritime security and counterterrorism...

Raytheon to Help BAE Refresh South Korea F-16 Radars; Jim Hvizd Comments

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BAE Systems and Raytheon (NYSE: RTN) have signed a contract that calls for Raytheon to supply an integrated tactical radar and electronic warfare system to BAE, the prime contractor for the South Korea F-16 modernization program. Raytheon will provide its Advanced Combat Radar, ALR-69A digital warning receiver, weapon technology and mission computers for retrofit onto South Korea’s KF-16C/D Block...

BAE to Continue Navy Missile Canister Production

Bae systems logo_ExecutiveBiz
BAE Systems has been awarded $19.2 million in contract options to produce additional shipborne missile canister launching systems for the U.S. Navy, Naval Today reported Friday. The options cover work through March 2016 on 89 Mk 21 MOD 3 canisters, coding plug assemblies, impulse cartridge assemblies and explosive bolts. BAE was awarded a $91.4 million contract by the Navy in June 2013 for engineering...

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