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Scott Nicholas

State Dept Clears $15B Sale of THAAD Missile Defense Systems, Equipment to Saudi Arabia

The State Department has approved a potential $15 billion foreign military sale of anti-ballistic missile defense systems, related equipment and support services to Saudi Arabia. Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors on the sale, the Defense Security Cooperation Agency said Friday. The transaction covers the delivery …

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Todd Ernst to Succeed Michael Cody as Raytheon Corporate Devt VP

Todd Ernst, vice president of investor relations at Raytheon (NYSE: RTN), has been promoted to VP of corporate development in a move that takes effect Nov. 6. He will oversee Raytheon’s mergers-and-acquisitions program in addition to his current responsibilities and succeed Michael Cody, who will retire as corporate development lead …

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Northrop Gets Potential $130M Contract for Japan Global Hawk UAS Production Materials

Northrop Grumman (NYSE: NOC) has received a potential $130.5 million contract from the U.S. Air Force to obtain long lead materials for Japan’s future Global Hawk unmanned aerial systems. The Defense Department said Thursday the materials are needed to commence the production of three Block 30 Global Hawk vehicles, two ground control elements, an integrated …

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Pratt & Whitney Lands Potential $2.7B Air Force Contract for F117 Engine Sustainment

United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary has secured a potential five-year, $2.74 billion contract to help the U.S. Air Force sustain F117 engines. The Defense Department said Wednesday the sole-source contract includes foreign military sales to Australia, Canada, India, Kuwait, Qatar, United Arab Emirates, U.K. and the Strategic Airlift Capability consortium. F117 powers the …

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Raytheon to Supply Qatar Joint Standoff Weapons Under $173M Navy FMS Deal

The U.S. Navy has awarded Raytheon (NYSE: RTN) a $172.9 million “undefinitized” contract to supply joint standoff weapons, component parts and support equipment for spares to Qatar under a foreign military sales deal. Raytheon’s missile systems business will produce 200 AGM-154C Block III weapons and 212 containers as well as provide engineering and technical …

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Army Picks 5 Companies for $249M Foreign Military Training Assistance Contract

Five companies have won positions on a potential five-year, $249 million foreign military sales contract to offer education and training services for a U.S. Army‘s Security Assistance Training Management Organization. The Defense Department said Tuesday contractors will support USASATMO’s overseas security assistance training activities in Afghanistan, Bosnia and Herzegovina, Croatia, …

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Harris Lands Potential $765M IDIQ to Supply Navy Portable Radios, Ancillary Parts

Harris‘ (NYSE: HRS) radio frequency communications unit has received a potential $765 million to provide multiple portable radio systems and ancillary parts to the U.S. Navy. The Defense Department said Monday the company will also help the service branch field manpack, handheld, fixed-mount, vehicular and base station radios that address …

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Polaris Alpha Continues Space, C4ISR Market Expansion With Solidyn Buy

Polaris Alpha has acquired Denver, Colorado-based engineering and cloud computing services provider Solidyn Solutions for an undisclosed sum in a push to accelerate the development of space-based systems for national security clients. Peter Cannito, CEO of Polaris Alpha, said in a statement published Monday the company made the acquisition to also expand …

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Lockheed Gets Potential $1.12B Navy Contract Modification for Trident II Missile Production, Systems Support

The U.S. Navy has awarded a potential five-year, $1.12 billion contract modification to Lockheed Martin‘s (NYSE: LMT) space systems business for the production of Trident II D2 missiles and support for deployed systems. The Defense Department said Friday the modification contains a $418.7 million initial value and also includes D5 life extension production services. Work …

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Navy Awards BAE Potential $122M Contract to Supply Mk 38 Mod 3 Machine Guns, Spares

BAE Systems‘ land and armaments business will provide Mk 38 Mod 3 machine gun systems and associated spares to the U.S. Navy under a potential $121.5 million contract. The Defense Department said Friday the Naval Surface Warfare Center will obligate $32,787,486 at the time of award from fiscal 2015 and 2017 Navy …

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