Lockheed Acquires Energy Storage, Conversion Tech Maker Sun Catalytix

lockheed martin
Lockheed Martin (NYSE: LMT) has acquired Cambridge, Massachusetts-based energy storage and conversion technology maker Sun Catalytix Corp. for an undisclosed sum. Sun Catalytix will operate as a subsidiary within Lockheed’s missiles and fire control business area and will do business under the name Lockheed Martin Advanced Energy Storage LLC, Lockheed said Monday. Twenty-five Sun Catalytix...

Report: US Contractors’ Cut of Israel’s ‘Iron Dome’ Spending to Increase From 3% to 55%

iron dome
Israel has agreed to share more than half of funds it will receive from the Pentagon next year with U.S. contractors to build Iron Dome anti-rocket shields, Bloomberg reported Wednesday. Tony Capaccio writes that the U.S. Missile Defense Agency told Congress in a report obtained by Bloomberg that funds going to the U.S. industrial base for the co-production of Israel’s missile interceptor will...

Razorsight Adds Local Govt Customer as it Works to Extend Reach of Predictive & Descriptive Analytics

Chris Checco
Razorsight, the Reston, Va.-based provider of predictive and other cloud-based analytics solutions, has locked in a muti-year deal with a new local government customer that the company said serves one of the largest municipalities in the U.S. The firm’s Chief Technology Officer Suren Nathan said Razorsight will deploy a descriptive and predictive applications suite for the government in an effort...

Diane Balderson, Former NAVAIR Official, Joins Northrop as Contracts & Pricing VP

Diane Balderson
Diane Balderson Diane Balderson, former executive director and assistant commander for contracts at Naval Air Systems Command, has joined Northrop Grumman (NYSE: NOC) as vice president of contracts and pricing. Northrop said Monday that the 33-year government acquisition veteran will oversee the company’s policies on contracts and pricing, as well as be responsible for Northrop’s contract...

Tony Smeraglinolo: Engility Targets New Contract Vehicles As DRC Buy Closes

Tony Smeraglinolo
Tony Smeraglinolo Engility Holdings (NYSE: EGL) has closed its $11.50-per-share acquisition of Dynamics Research Corp. as part of a growth strategy to target markets such as healthcare and homeland security. DRC holds 300 active contracts and that figure includes several positions on indefinite-delivery/indefinite-quality contract vehicles awarded by the Defense Department and civilian agencies, Engility...

CAE USA Books $85M in 2Q Military Contracts; Gene Colabatistto Comments

Gene Colabatistto
Gene Colabatistto CAE USA, a subsidiary of the Montreal-based aerospace and defense contractor, won approximately $85 million in contracts from military customers during the second quarter, including up to $50 million in option awards over the next five years. The contracts include an option for the fourth year of a training services contract the subsidiary holds with the U.S. Air Force on the KC-135...

Lockheed, Pentagon Close $8B in F-35 Contracts; Lorraine Martin Comments

F35
Lockheed Martin (NYSE: LMT) and the Defense Department have closed on two new contracts worth .8 billion for the sixth and seventh batches of F-35 aircraft, Reuters reported Friday. Andrea Shalal-Esa writes the company received a $4.4 billion order for 36 F-35s and another $3.4 billion order for 35 F-35s. DoD told Reuters each of the conventional takeoff variants under lot seven would cost $98 million,...

DigitalGlobe Satellite Imagery Used to Monitor Forests in Russia and India

DigitalGlobe
DigitalGlobe has announced that the company is seeing a spike in the demand for its satellite imagery offerings in the inventory and protection of a county’s natural resources. The company said that some of its recent customers for forestry mapping and monitoring include India and Russia, DigitalGlobe said Thursday. Russia has renewed its high-resolution satellite imagery contract with DigitalGlobe’s...

Harvey Nathan Joins Northrop as Govt Relations, Contracts Asst General Counsel

HarveyNathan
Harvey Nathan, formerly vice president of contracts at EADS North America, has joined Northrop Grumman (NYSE: NOC) as assistant general counsel for government contracts and government relations. The former Defense Department acquisition lawyer will provide legal counsel to the company’s government relations, contracts, business development and strategy organizations in his new role, Northrop...

GSA Releases Details for OASIS Multiple Award Contract

GSA
The General Services Administration has released the final request for proposals for both the full and open and small businesses billion One Acquisition Solution for Integrated Services multiple award contracts, Federal News Radio reports Thursday. Jason Miller writes that the GSA expects to make 20 to 40 awards for each of the following areas: program management, consulting management, scientific,...