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Tag Archives: Missile Defense

Boeing expands Alabama facility to speed PAC-3 missile production

TYSONS CORNER, VA, April 10, 2018 — Boeing (NYSE: BA) has expanded its missile plant in Huntsville, Alabama, in an effort to speed the production of a weapons system designed to protect the U.S. from hostile missiles and aircraft, ExecutiveBiz reported Monday. The move will also create 70 new jobs …

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Poland Inks Deal to Buy Raytheon Patriot Missile System From US Govt

Poland has signed an agreement to purchase the Raytheon-built Patriot integrated air-and-missile defense platform from the U.S. government. Pete Bata, vice president of Polish air and missile defense at Raytheon, said in a statement published Wednesday the letter of offer and acceptance will pave the way for the company to …

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Raytheon to Kick Off Work on $600M Army Software Sustainment Contract; Todd Probert Comments

Raytheon (NYSE: RTN) will now commence work on a potential three-year, $600 million contract to provide software sustainment and upgrade support for the U.S. Army’s missile defense systems following the withdrawal of a bid protest in February. The company said Monday it received the contract in June 2017 and will start …

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Industry Team Updates C3, Battle Mgmt Network of US Ballistic Missile Defense System

TYSONS CORNER, VA, March 22, 2018 — A team comprised of Boeing (NYSE: BA), General Dynamics (NYSE: GD), Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN) has moved to update the network that links the elements of the U.S. ballistic missile defense system, ExecutiveBiz reported Wednesday. …

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Lockheed, MBDA Form JV as Team Negotiates German Missile Defense System Contract

TYSONS CORNER, VA, March 9, 2018 — Lockheed Martin (NYSE: LMT) has created a joint venture with MBDA as part of efforts to negotiate a contract with Germany’s military procurement office to build the country’s future integrated air and missile defense system, ExecutiveBiz reported Thursday. MBDA said Thursday the TLVS joint …

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State Dept OKs Sweden’s Request for $3.2B in Patriot Missile Systems

The State Department has approved Sweden’s request to buy Patriot missile systems and related services from the U.S. government under a potential $3.2 billion foreign military sales agreement. Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) will serve as prime contractors in the proposed FMS deal that covers the procurement of four Patriot Configuration-3+ modernized …

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Raytheon Lands $2.3B Army Contract for Patriot System-of-Systems Engineering Services

Raytheon (NYSE: RTN) has received a potential five-year, $2.30 billion contract from the U.S. Army to provide system-of-systems engineering support for Phased Array Tracking Radar Intercept on Target weapons. The Defense Department said Tuesday Raytheon will support Patriot-related software and refresh systems deployed outside the continental U.S. and partner countries. Patriot is a missile defense system composed of …

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PwC: Global Aerospace, Defense M&A Hit $72B in 2017

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Significant …

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Northrop Gets $445M Air Force Contract for Large Aircraft IR Countermeasure Support

Northrop Grumman (NYSE: NOC) has received a potential five-year, $444.6 million contract from the U.S. Air Force for support work on AAQ-24 large aircraft infrared countermeasure systems. The Defense Department said Wednesday the contract covers repair of 34 national stock numbers and includes $17.2 million in foreign military sales to Canada and Bahrain. Northrop …

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CH2M-Merrick JV to Support Design of MDA Missile Defense Facilities

TYSONS CORNER, VA, Dec. 7, 2017 — The CH2M and Merrick joint venture will work with the U.S. Army‘s Engineering and Support Center in Huntsville, Alabama, to provide design and engineering services for Missile Defense Agency facilities, ExecutiveBiz reported Wednesday. The JV will perform studies and other activities on the design of tactical and tactical-support missile …

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