Author: Naomi Cooper|| Date Published: July 28, 2022
A Thales subsidiary has acquired the remaining stake of Leonardo DRS in Advanced Acoustic Concepts, the joint venture between the two organizations, for an undisclosed amount as part of the former’s efforts to expand engineering offerings for the U.S. military.
Thales Defense & Security Inc. now has full ownership of AAC, which generated $80 million in 2021 sales and employs more than 200 personnel specializing in development and delivery surface ship combat systems and undersea warfare platforms to the U.S. Navy, Thales said Wednesday.
Mike Sheehan, CEO of TDSI, said ACC’s expertise in surface ship anti-submarine warfare and mine countermeasures will strengthen the subsidiary’s capability to support the Department of Defense’s mission needs.
Textron plans to separate its industrial segment from its aerospace and defense businesses. The Providence, Rhode Island-headquartered firm said Thursday…
OSIbeyond has introduced a compliance-as-a-service, or CaaS, offering designed to help defense contractors secure and maintain Cybersecurity Maturity Model Certification.…
Raytheon, an RTX business, has received a $206.2 million contract from the U.S. Navy to integrate advanced Global Positioning System capabilities into…
