Leonardo DRS has been awarded a five-year, $90.2 million contract modification to develop, integrate and produce submarine technology insertion hardware for the U.S. Navy as well as the governments of Australia and the U.K. The Defense Department said Thursday TIH will consist of display, processor and network equipment designed to support for combat control and sonar …

Leonardo DRS has received an $82.3 million contract modification from the U.S. Army to supply forward-looking infrared thermal receiver units to five countries under a foreign military sales deal. The Defense Department said Thursday the company will provide Horizontal Technology Integration second generation receivers and A- and B-Kit components to Kuwait, Iraq, Egypt, Morocco and Saudi Arabia. Work …

Leonardo DRS has wrapped up its acquisition of quantum cascade laser platforms manufacturer Daylight Solutions for approximately $150 million. The transaction received regulatory approvals and clearance from Daylight Solutions’ stockholders, Leonardo said Monday. Leonardo DRS agreed to purchase 100 percent equity stake in Daylight Solutions in March in a move …

TYSONS CORNER, VA, May 8, 2017 — Lockheed Martin (NYSE: LMT), Leonardo and Italy’s defense ministry have rolled out the first short-takeoff/vertical-landing variant of the F-35 fighter jet assembled outside the U.S., ExecutiveBiz reported Friday. Lockheed said Friday it works with Leonardo to operate the Italian government-owned F-35 final assembly and …

The State Department has approved Israel’s request to buy 13 Leonardo DRS-built 76mm naval guns and technical services under a $440 million foreign military sales agreement with the U.S. government. Israel requested the sale of shipboard spares; spares to support repair work; special tools for maintenance; holding and transportation fixtures; test equipment; technical …

Boeing (NYSE: BA) and a Leonardo DRS subsidiary have received contracts worth up to $192.8 million combined to install Gigabit Ethernet Data Multiplex System hardware aboard the U.S. Navy’s DDG 51-class destroyers. The firm-fixed-price contracts also cover the provision of spare parts and checkout repair services for AN/USQ-82(V) GEDMS in support of Arleigh Burke-class …

Alessandro Profumo, former CEO of Italian bank Unicredit, has been tapped by the Italian government to succeed Mauro Moretti as CEO of Leonardo, Defense News reported Saturday. A spokesman for Italy’s finance ministry told Defense News that Profumo will work to support the state-controlled defense contractor’s business development efforts in the …

Leonardo has agreed to buy 100 percent equity stake in quantum cascade laser platforms maker Daylight Solutions for approximately $150 million through its U.S. subsidiary DRS in a push to grow dual-use integrated technology offerings for civil and military clients. Mauro Moretti, CEO and general manager of Leonardo, said in a statement …

Italy-based defense and aerospace conglomerate Leonardo has designated its U.S. subsidiary DRS as prime contractor for an industry team that will bid on the U.S. Air Force‘s T-X fighter pilot trainer contract. DRS said Wednesday it will collaborate with CAE USA and International Turbine Engine Company to build a ground-based training system and propulsion engines for the team’s T-100 Integrated …

Raytheon (NYSE: RTN) and Leonardo have decided to end their partnership to compete for the U.S. Air Force’s T-X trainer aircraft program after the companies failed to “reach a business agreement, ” Defense News reported Wednesday. Aaron Mehta and Valerie Insinna write Leonardo said in a statement published Wednesday the firm has started to …