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Tag Archives: Missile Defense

Northrop Gets $866M USAF Radar Sustainment, Modification Contract; Joseph Ensor Comments

Northrop Grumman (NYSE: NOC) has received a potential seven-year, $866 million contract from the U.S. Air Force to modify and sustain a network of ground-based radar systems used by the service to perform missile warning and space monitoring operations. The contract will cover work on several radars that support the …

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Securitas Closes Buy of Kratos’ Public Safety, Security Division; Eric DeMarco Comments

Securitas Electronic Security has completed its $70 million cash acquisition of the public safety and security business from Kratos Defense and Security Solutions. Eric DeMarco, president and CEO of Kratos, said in a statement released Monday the company aims to focus growth efforts in the unmanned aerial drones, missile defense, training systems, …

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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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