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Search Results for: Raytheon

Lockheed Wins $914M Air Force ‘Space Fence’ Radar Production Contract

Lockheed Martin (NYSE: LMT) has won a $914, 699, 474 contract to build a ground-based surveillance radar for the U.S. Air Force to track and detect objects in space. The Air Force is obligating $415 million in fiscal year 2013 and 2014 research, development, test and evaluation funds for the …

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Byron Callan: 5 Defense Firms Collectively Spent $4B on R&D Projects in 2013

Data compiled by Capital Alpha Partners analyst Byron Callan shows that five U.S. defense firms collectively spent $800 million more on research and development last year than they did in 2012, C4ISR & Networks reported Wednesday. The publication reports that Boeing (NYSE: BA), L-3 Communications (NYSE: LLL), Lockheed Martin (NYSE: …

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Report: US Contractors’ Cut of Israel’s ‘Iron Dome’ Spending to Increase From 3% to 55%

Israel has agreed to share more than half of funds it will receive from the Pentagon next year with U.S. contractors to build Iron Dome anti-rocket shields, Bloomberg reported Wednesday. Tony Capaccio writes that the U.S. Missile Defense Agency told Congress in a report obtained by Bloomberg that funds going to …

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Report: Pentagon Clears $1B Military Equipment Sale to Iraq

The Defense Department has approved an approximately $1 billion sale of aircraft trainers, aerostats and ground military vehicles to the Iraqi military, Defense News reported Tuesday. Marcus Weisgerber writes Iraq has purchased 24 Beechcraft T-6C Texan II aircraft trainers and related services for $790 million as part of the Middle …

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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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Lockheed to Update Egypt’s F-16 Electronic Warfare Tech

Lockheed Martin (NYSE: LMT)has been awarded a $6.9 million contract modification to update electronic warfare systems on the Egyptian military’s F-16 fighter fleet, Military &  Aerospace Electronics reported Wednesday. John Keller writes Lockheed will equip the Egyptian F-16 program with three EW memory loader verifiers, 24 radar warning receivers and …

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Andrew Sullivan, Marty Fischer Take Director Roles at Intelligent Decisions; Rhett Butler Comments

Andrew Sullivan and Marty Fischer have joined Intelligent Decisions in director roles as the company aims to bring new technologies to the government market. Sullivan will lead sales to the Defense Department and Fischer will serve as director of federal enterprise solutions, ID said Tuesday. Rhett Butler, vice president of sales, said Sullivan …

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Boeing, Navy Ink New $2B Poseidon Deal

Boeing (NYSE: BA) and the U.S. Navy have signed a $2.4 billion contract for the company to build 16 additional P-8A Poseidon planes, bringing the branch’s total fleet to 53 and moving the P-8A program from preliminary low-rate production to full production. The maritime patrol plane is based on the 737-800 …

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Research and Markets: Critical Infrastructure Protection Market to Grow 10% Over 5 Years

A new survey by Research and Markets forecasts the critical infrastructure protection market to grow double digits over the next five years. The “Critical Infrastructure Protection: Global Advancements, Market Forecasts & Analysis 2013-2018” report seeks to highlights countries’ efforts to build up defenses against disruption of assets in event of …

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John Casper, Scott Spence Provide Context on Space Fence Contract; Reported for Potential April Release

The U.S. Air Force could award a multi-billion dollar contract in April to build a new radar system for tracking objects in space, Space News reported Dec. 27. Mike Gruss writes the Air Force has spent close to $1.3 billion on the Space Fence program since 2006. Lockheed Martin and …

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