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Cubic Buys Image Processing Tech Maker MotionDSP; Mike Twyman Comments

Cubic (NYSE: CUB) has acquired Burlingame, California-based software company MotionDSP in a move to add image processing technology offerings to the San Diego-based contractor’s mission solutions business. MotionDSP offers technology designed to help customers process videos for public safety, government and security applications, Cubic said Thursday. Mike Twyman, president of Cubic Mission Solutions, said the …

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Jason Aiken: General Dynamics Seeks to Compete in ‘Consolidating’ Govt IT Services Market Via CSRA Buy

Jason Aiken, chief financial officer of General Dynamics (NYSE: GD), has said the move to acquire CSRA (NYSE: CSRA) will help the Falls Church, Virginia-based aerospace and defense contractor compete in the government information technology services market, Inside Defense reported Wednesday. “In a consolidating market, our thesis is that you either have to …

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Northrop Secures $100M Navy Contract for Lot 7 E-2D Advanced Hawkeye Parts, Support

The U.S. Navy has awarded Northrop Grumman (NYSE: NOC) a potential $99.7 million contract to supply long-lead parts and provide support for the E-2D Advanced Hawkeye program’s lot 7 full rate production. The Defense Department said Thursday the service branch will obligate the contract’s entire amount at the time of award from its fiscal 2018 aircraft …

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State Dept OKs Sweden’s Request for $3.2B in Patriot Missile Systems

The State Department has approved Sweden’s request to buy Patriot missile systems and related services from the U.S. government under a potential $3.2 billion foreign military sales agreement. Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) will serve as prime contractors in the proposed FMS deal that covers the procurement of four Patriot Configuration-3+ modernized …

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State Dept Clears Potential $259M King Air 350ER Aircraft Sale to Kuwait

The State Department has approved a potential $259 million foreign military sales transaction for Kuwait to procure four King Air 350ER aircraft and related equipment from the U.S. government. Sierra Nevada will serve as principal contractor in the proposed deal that also covers PT6A-67A engines, AN/AAQ-35 Wescam MX-15HDi electro-optical/infrared imaging sensor …

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HII Names Michael Smith as SN3 President, Scott Stabler as EVP, Chief Transformation Officer

Michael Smith, formerly executive vice president for strategy and development at Huntington Ingalls Industries (NYSE: HII), has been named president of HII’s SN3 business. He will directly report to Michael Lempke, president of the company’s nuclear and environmental group, HII said Wednesday. HII’s strategy and development group will report to Chris Kastner, EVP …

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UTC Gets $2.5B DLA Contract for Military Aviation Spares, Services

A United Technologies Corp. (NYSE: UTX) business unit has secured a potential 10-year, $2.5 billion contract to provide aviation-related spare parts and services to all U.S. military branches. UTC Aerospace Systems will perform work at various facilities in nine states through April 30, 2028, the Defense Department said Wednesday. The sole-source contract contains a …

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