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KippsDeSanto: Aerospace, Defense M&A Deals Eye Power Distribution Sector

KippsDeSanto believes UEC Electronics’ acquisition of defense and security products provider Arotech shows that aerospace and defense companies are looking to power distribution and management technologies for mergers-and-acquisition deals. The deal also demonstrates an attraction towards budgeted and long-term programs that support industry and military initiatives, the investment bank said Thursday. …

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Ray Duquette: CAE to Build Poseidon Simulation Hardware for Navy’s ‘Synthetic Training’

CAE (NYSE: CAE) has been awarded a contract to manufacture additional flight simulation and training equipment for Poseidon maritime surveillance planes that Boeing (NYSE: BA) builds for the U.S. Navy. Boeing has ordered CAE hardware for six P-8A operational flight trainers and five P-8A desktop environment trainers, CAE said Thursday. The …

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David Leach, Howard Zach Promoted to VP Roles at CRGT

David Leach and Howard Zach, both formerly senior managers at CRGT, have been promoted to vice president roles at the company as it seeks to expand its market reach. CRGT appointed Leach as VP of cyber and intelligence services with responsibility for intelligence community offerings and cybersecurity integration services for …

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DigitalGlobe Crowdsourcing Tech Used in Search for Missing Malaysia Airlines Plane

DigitalGlobe (NYSE: DGI) has launched a program with its Tomnod crowdsourcing platform to help in the search of the Malaysia Airlines Boeing 777 jetliner that went missing on Saturday. The FirstLook subscription service works to compate pre- and post-event satellite imagery for emergency management functions,  the company said Monday. Two DigitalGlobe satellites have …

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Deborah Lee James: Air Force Plans Long-Range Bomber RFP For Later This Year

The U.S. Air Force is requesting $11.8 billion in funding to build a new long-range bomber, Bloomberg News reported Thursday. Tony Capaccio writes the branch intends to acquire up to 100 Long-Range Strike Bomber units for $55 billion total over five years. Air Force Secretary Deborah Lee James said earlier this month at a Bloomberg Government …

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Pamela Drew Promoted to EVP Ranks at Exelis; David Melcher Comments

Pamela Drew, president of Exelis‘ (NYSE: XLS) information systems business, has been promoted to an executive vice president role the aerospace and defense contractor. She will continue to lead and direct the company’s strategic growth platform in the area of critical networks, Exelis said Thursday. “This promotion is well-deserved and I’m …

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CAE Joins General Dynamics & Alenia Aermacchi Team in Bid for Air Force Trainer Contract

CAE USA (NYSE: CAE) has partnered with General Dynamics (NYSE: GD) and Finmeccanica‘s Alenia Aermacchi subsidiary to pursue a contract to build an U.S. Air Force trainer aircraft and related systems, Defense News reported Wednesday. Aaron Mehta writes the General Dynamics-led team will offer a version of Alenia’s M-346 jet …

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NASA, Contractors Prep for Commercial Space Missions; Jim Crocker Comments

NASA and industry partners are working to prepare and assess spacecraft and components that are scheduled for deep space missions in 2014 and 2017. The Lockheed Martin (NYSE: LMT)-built Orion unmanned spacecraft is scheduled to launch in the fall and the Space Launch System is set for its first flight …

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Rebecca Garcia Named Camber Corp. Business Development VP

Rebecca Garcia, who most recently served as director of SAS Federal‘s national security group, has been appointed vice president of business development at Camber Corp., GovCon Wire has learned. At SAS, Garcia was responsible for the company’s delivery of analytic offerings to the intelligence community and a number of law enforcement …

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Report: South Korea to Purchase 40 Lockheed F-35 Jets

South Korea plans to purchase 40 Lockheed Martin (NYSE: LMT) F-35 fighter jets under a deal that will go before committee led by the country’s defense minister for final approval, Reuters reported Friday. Ju-Min Park and Joyce Lee write the decision comes nearly three months after South Korea chose to re-examine its …

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