BAE to Pay $232M Cash for Commercial Cyber Services Firm SilverSky; Ian King Comments

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BAE Systems PLC has agreed to acquire commercial cybersecurity services provider Perimeter Internetworking Corp. — which does business as SilverSky — for $232.5 million cash. BAE expects to close the transaction before the end of this calendar year upon the receipt of regulatory approvals, the London-based defense contractor said Tuesday. SilverSky, which operates primarily in the...

October 7 Morning Report: GovConIndex Down on Mixed Day of Trading

GovConIndex
The U.S. stock market closed Monday trading lower. The GovConIndex fell 0.289, or 0.450%, to 64.535. Many investors remain uncertain about the outlook for stocks as they wait for the beginning of the earnings season.   Top Percentage Gainers Company Closing Price Change %Change CGI Group Inc 34.52 0.55 1.62% Exelis Inc. 17.10 0.20 1.18% Intelsat 16.60 0.16 0.97% BAE Systems 29.72 0.28 0.95% ATK 127.17 0.76 0.60%   Market...

BAE Systems to Convert U.S. Army’s Recovery Vehicles to HERCULES Variant; Adam Zarfoss Comments

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BAE Systems has won a $153.6 million contract to upgrade the U.S. Army‘s recovery vehicles to the Heavy Equipment Recovery Combat Utility Lift Evacuation System configuration. Under the project, the company will convert 53 M88A1 recovery vehicles to the M88A2 HERCULES variant, extending production of the M88 line through 2016, BAE Systems said Monday. “This contract provides enhanced capabilities...

BAE Wraps Up Signal Innovations Group Buy; DeEtte Gray Comments

DeEtte-Gray
DeEtte Gray BAE Systems has finalized its purchase of Signal Innovations Group, an analytics and imaging platform supplier to the intelligence and defense industries. The companies seek to unify their technology offerings to help customers gain strategic and tactical insights, DeEtte Gray, president of BAE’s intelligence and security business, said Tuesday. “Together, we also have the potential...

State Department OKs $2.5B Ambush-Protected Vehicles Sale to UAE

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The State Department has approved a foreign military sale of mine-resistant ambush-protected vehicles and related support services totaling $2.5 billion to the United Arab Emirates. The UAE government wants to purchase modified MRAP vehicles, MaxxPro LWB chassis, Expedient Armor Program capsules without armor, MRAP recovery vehicles, Caiman multiterrain vehicles without armor and MRAP all-terrain...

Army Taps Six Vendors for $250M Automated Test Systems Support IDIQ

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The U.S. Army has awarded positions on a six-year, $249.9 million contract to six companies for engineering support services to the branch’s armament research, development and engineering center. Awardees will compete for task orders to perform work under the multiple award, indefinite-delivery/indefinite-quantity, firm-fixed-price contract, the Defense Department said Tuesday. The Army Contracting...

Report: US, South Korea Discuss BAE F-16 Upgrade Contract’s 2nd Phase

F16Fleet
BAE Systems could receive $1 billion of work to upgrade 134 South Korea’s F-16 fighter jets as the U.S. and South Korean governments work to finalize the second phase of of a foreign military sales contract between both companies, Reuters reported Friday. Andrea Shalal writes that the U.S. Air Force wants to finalize the pricing and schedule of the second phase with South Korea as Seoul...

BAE, Northrop Land Army Contract Modifications for IR Countermeasure R&D

Contract
BAE Systems and Northrop Grumman (NYSE: NOC) have received contract modifications from the U.S. Army to continue helping the branch develop countermeasure technology for protecting aircraft from infrared-guided missiles. The Army awarded a $8,005,521 modification to BAE and $10,006,600 to Northrop under the service’s Common Infrared Countermeasure Technology Development program, the Defense Department...

BAE Systems to Build Offshore Patrol Ships for U.K. Royal Navy

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BAE Systems has won a $581 million contract to develop three offshore patrol vessels for Britain’s Royal Navy, Reuters reported Tuesday. Sarah Young writes the U.K. government intends for the ships to support counter-terrorism, counter-piracy and anti-smuggling missions. BAE Systems’ 800 shipbuilders will build the vessels at its shipyards on the Clyde in Scotland, according to the report. The...

Erwin Bieber: BAE Eyes Portfolio Focus With Land Systems South Africa Divestiture

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BAE Systems and DGD Technologies 2001 are planning to sell their holdings in the Land Systems South Africa defense company to Denel SOC, a state-owned aerospace and defense company in South Africa, for an estimated $80 million. BAE said Monday that Denel would own LSSA in its entirety as DGD proposed to sell its 25-percent stake in the business alongside BAE’s 75 percent holding. “This...