Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) has received an order for its Black Hawk Avionics Trainer to support the training of maintenance personnel for the UH-60M U.S. Army Aviation Logistics School in Ft. Eustis, Va. The trainer provides a true-to-life environment for training and evaluating utility helicopter service personnel. …
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Mercury Systems Closes $310M Buy of Physical Optics Corp.; Mark Aslett Quoted
Mercury Systems (Nasdaq: MRCY) has completed its $310M purchase of technology integrator Physical Optics Corp. as part of avionics and mission systems market push.
Read More »Lockheed Announces Passing of 34-Year Company Veteran Michele Evans
Michele Evans, most recently executive vice president of Lockheed Martin's (NYSE: LMT) aeronautics business area, passed away Friday at the age of 55. “Throughout her career, Michele led some of the most important programs that ensure the security of our nation and its allies and help make our world a safer place,” Lockheed President and CEO James Taiclet said in a statement Saturday.
Read More »Moog Adds to Aircraft Controls Portfolio With Genesys Acquisition
Moog (NYSE: MOG.A and MOG.B) has acquired Mineral Wells, Texas-based electronic flight instrument and autopilot technology provider Genesys Aerosystems for approximately $77.7M. Moog said Monday it will integrate the products and employees of Genesys Aerosystems into the Elma, New York-based company's aircraft controls segment, led by Mark Trabert.
Read More »Sikorsky Gets $507M in Army Black Hawk Helicopter Procurement Funds
The U.S. Army has obligated $507M in fiscal 2021 aircraft procurement funds on a contract modification for the HH-60M and UH-60M variants of the Black Hawk helicopter being manufactured by Lockheed Martin's (NYSE: LMT) Sikorsky subsidiary.
Read More »Potomac Officers Club to Host ‘The Future of Data Management’ Virtual Event TODAY at 10am; Learn More About the Featured Event Speakers
Today, during Potomac Officers Club’s The Future of Data Management = The Death of Data Silos, notable executives across the industry and government will examine current cutting edge data methodologies and look to prepare government agencies for the future of data management. The virtual event will feature Garrett Berntsen, deputy chief data officer (CDO) of the U.S. Department of State, as a keynote speaker.
Read More »Mercury to Buy Physical Optics Corp in $310M Cash Deal; Mark Aslett Quoted
Mercury Systems (Nasdaq: MRCY) has agreed to purchase Torrance, California-based defense systems integrator Physical Optics Corp. for approximately $310M in cash to expand the former's global avionics and missions systems portfolio. Mark Aslett, president and CEO of Mercury, said the deal would expand platform and mission management content on the company's airborne programs.
Read More »Lynn Bamford to Succeed David Adams as Curtiss-Wright CEO
Curtiss-Wright (NYSE: CW) plans to appoint Lynn Bamford, president of its defense and power segments, to become the corporation's president and CEO. She would succeed David Adams who plans to retire on Jan. 1, concluding the latter's seven-year tenure as CEO and over two decades of service with the company, Curtiss-Wright said Thursday.
Read More »L3Harris to Help Maintain USAF C-130 Aircraft Under Potential $668M Contract
L3Harris (NYSE: LHX) has won a $667.9M contract to help the U.S. Air Force maintain the service branch's C-130 Hercules transport aircraft. The company will provide midcycle paint services for C-130J airlifters and depot-level maintenance for C-130H planes, the Department of Defense said Monday.
Read More »Romania’s $175M F-16 Support Request Gets State Dept OK
The State Department has cleared a potential $175.4M foreign military sale deal covering support services to modernize Romania's fleet of Lockheed Martin-built (NYSE: LMT) fighter jets.
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