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SAP Names New Global VP for ‘Leonardo’ Digital Innovation System

TYSONS CORNER, VA, Dec. 5, 2017 — SAP (NYSE: SAP) has hired former IBM (NYSE: IBM) executive Marc Teerlink as global vice president for the SAP Leonardo digital innovation system, GovCon Executive reported Monday. Teerlink previously worked as chief business strategist for IBM’s Watson business and will lead SAP’s efforts …

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Leonardo DRS Lands $90M Navy Contract Modification for Submarine Tech Insertion Hardware Devt

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 …

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Leonardo DRS to Supply IR Thermal Receivers to 5 Countries Under $82M Army FMS Modification

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 …

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Leonardo DRS Completes $150M Daylight Solutions Buy

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 …

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Lockheed, Leonardo Unveil 1st F-35B Assembled in Italy

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 …

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State Dept OKs $440M Sale of Leonardo DRS-Built Naval Guns to Israel

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 …

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Boeing, Leonardo DRS Subsidiary Land Navy Contracts for Destroyer Ethernet Installation Support

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 …

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Report: Former Unicredit CEO Alessandro Profumo to Succeed Mauro Moretti as Leonardo CEO

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 …

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Leonardo to Buy Daylight Solutions Through $150M Equity Deal; Mauro Moretti Comments

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 …

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Leonardo’s DRS Subsidiary to Lead New Air Force Trainer Contract Pursuit Team

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 …

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