Boeing announced on Tuesday that it is moving the headquarters of its Missile Defense Division from Arlington, Virginia, to Huntsville, Alabama. Boeing plans to start by shifting division management and support functions, such as Human Resources and Finance, and may transfer between 40 and 50 employees by the end of the year.”Boeing already has 3, 200 highly skilled employees and numerous program partners in Alabama, ” said Greg Hyslop, Vice President and General Manager for Boeing Missile Defense Systems. “Bringing our missile defense headquarters to Boeing’s Huntsville site demonstrates the importance of those operations to Boeing, both now and in the future.” Read the full press release.
FLIR Systems (Nasdaq: FLIR) has won a potential five-year, $109M contract to provide heavy robotic systems to the U.S. Army. The service branch formally awarded the cost plus-fixed-fee, firm-fixed-price contract to Endeavor Robotics, which FLIR acquired in March.
Rolls-Royce has received a potential $1.2B contract from the U.S. Navy to sustain V-22 Osprey military transport aircraft engines.