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Mary-Louise Hoffman

William LaPlante to Leave USAF Acquisition Lead Post, Rejoin Mitre

William LaPlante will step down as assistant secretary for acquisition at the U.S. Air Force after three years of civilian service in the branch and transition to a senior role at Mitre, the military branch announced Thursday. The Air Force added the Defense Department will reappoint LaPlante to the Defense Science Board to advise …

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Raytheon Gets Contract Modification for USAF Air-to-Air Missile Equipment

Raytheon (NYSE: RTN) has been awarded a $25.7 million contract modification by the U.S. Air Force to obtain special tooling and test equipment for production lots 28, 29 and 30 of the company’s Advanced Medium-Range Air-to-Air Missile systems. The Defense Department said Tuesday the company will use the items to facilitate transition to …

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State Dept OKs Potential $1B Sale of Paveway Bombs, Guidance Kits to Saudi Arabia

Saudi Arabia has asked to buy $1.29 billion in air-to-ground munitions and associated equipment and support from the U.S. government under a foreign military sales agreement approved by the State Department. The U.S. and Saudi Arabia will select a prime contractor for the sale through a competitive process, the Defense Security Cooperation …

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Tim Mahoney: Honeywell to Buy Satcom1 for In-Flight Connectivity Market Push

Honeywell (NYSE: HON) has agreed to purchase aeronautical satellite communications technology and services company Satcom1 for an undisclosed amount as the companies aim to develop an integrated in-flight connectivity offering. Tim Mahoney, president and CEO of Honeywell’s aerospace business, said Monday the company made the acquisition to also grow its satcom hardware and software …

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USAF Awards ULA $373M Contract Modification for Rocket Production Services

United Launch Alliance has been awarded a $373.3 million contract modification by the U.S. Air Force to provide launch vehicle production services for two National Reconnaissance Office rockets. The Defense Department said Thursday that ULA will support the configurations of a Delta IV Heavy and an Atlas V 421 for the agency. ULA will perform work through Jan. 30, 2019, …

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Blackstone to Purchase 17% Stake in NCR; Bill Nuti Comments

Blackstone Group has agreed to acquire a 17-percent ownership stake in consumer transaction technology maker NCR (NYSE: NCR) for approximately $820 million. NCR said Thursday it aims to transform into an integrated software development and services company and will use the investment to partly fund a planned stock repurchase program. “The NCR board has determined that executing …

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Reuters: Veritas Capital Bids to Acquire BAE’s US Staffing, IT Services Businesses

(NOTE: This summary was published prior to BAE Systems PLC’s announcement that it would not undertake the sale described in this story. Please click here to read our subsequent report on that announcement) Veritas Capital is in advanced negotiations to purchase BAE Systems‘ business units that offer manpower and information technology …

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France Requests $650M Lockheed C-130J Transport, Refueling Aircraft Sale

The State Department has approved France’s request to purchase four Lockheed Martin-built (NYSE: LMT) transport planes and tankers from the U.S. government under a $650 million foreign military sales agreement. The Defense Security Cooperation Agency said Tuesday the future sale includes two C130J transport planes and two KC-130J tankers with turboprop engines from Rolls-Royce plus four engine …

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USAF Pushes Boeing Small Diameter Bomb FMS Contract Ceiling to $228M

Boeing (NYSE: BA) has been awarded a $130.1 million contract modification for the production of Small Diameter Bombs Increment 1 for foreign military sales customers of the U.S. Air Force. The Defense Department said Tuesday the modification would increase the ceiling value of a previously awarded SDB I production contract from $98 …

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Reuters: Verizon Mulls Enterprise IT Portfolio Sale

Verizon (NYSE: VZ) is considering a sale of its enterprise-grade technology portfolio in order to concentrate on its consumer market business line, Reuters reported Friday. Liana Baker and Greg Roumeliotis write Citigroup will help examine a potential sale of business landline and Internet services from Verizon’s unit formerly called MCI as well as data center offerings from …

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