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Search Results for: WSP

Report: Symantec to Acquire Tech Rights of Boeing’s Cybersecurity Business Narus

Symantec (NASDAQ: SYMC) has agreed to purchase technology rights from Boeing‘s (NYSE: BA) Narus subsidiary as Symantec looks to grow its presence in the commercial cybersecurity market, the Wall Street Journal reported Monday. Danny Yadron and Doug Cameron write Symantec aims to leverage a Narus-made Internet filter technology to help …

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Haden Land: Lockheed’s Newly Formed Israeli Subsidiary to Focus on Security Tech Offerings

Lockheed Martin (NYSE: LMT) has created an Israel-based business unit to offer cybersecurity tools and other enterprise information technology products to customers in that country, The Wall Street Journal reported Monday. Amir Mizroch writes that Lockheed formed the Israeli subsidiary to also pursue defense contracts as well as technology partnership …

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FAA Approves Boeing ScanEagle UAV for Commercial Use; Paul McDuffee Comments

Boeing‘s (NYSE: BA) Insitu subsidiary has been authorized by the Federal Aviation Administration to fly an unmanned aerial vehicle for a commercial project, the Puget Sound Business Journal reported Monday. Steve Wilhelm writes the FAA gave Insitu permission to operate three ScanEagle drones to support environmental surveillance work by energy …

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Saudi Arabia, UAE Eye Fincantieri Submarine Acquisitions; Achille Fulfaro Comments

Italian shipbuilder Fincantieri plans to hold submarine acquisition talks with government customers in Saudi Arabia and the United Arab Emirates, Defense News reported Sunday. Awad Mustafa writes Saudi Arabia also wants to purchase more than a dozen German-built Type 209 submarines worth $3.4 billion combined. German newspaper Bild originally reported the …

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Satya Nadella Unveiled as Microsoft CEO, John Thompson to Chair Board of Directors

Satya Nadella,  executive vice president of Microsoft’s (NASDAQ: MSFT) cloud and enterprise group, has been appointed to succeed the retiring Steve Ballmer as CEO of the software maker. Nadella joined the company in 1992 and led its transition to a cloud computing environment along with other strategy and technical shifts, …

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KAI Wins $1B Iraq T-50 Fighter Aircraft Sale

Korean Aerospace Industries has received a $1.1 billion order from the Iraqi government for 24 T-50 multirole aircraft, the Wall Street Journal reported Thursday. Jeyup Kwaak writes KAI will build Iraq a fighter variant of the Golden Eagle aircraft under the contract, which represents South Korea’s largest arms-export sale to …

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IAI-Led Team to Chase $960B Air Force Intell Contract; Paul Issler Comments

Integrity Applications Inc. will lead a team of 19 companies in pursuit of a potential $960 million U.S. Air Force intelligence contract, the Dayton Daily News reported Wednesday. Thomas Gnau writes that “Team Integrity” includes large companies such as Leidos (NYSE: LDOS) and General Dynamics Advanced Information Systems (NYSE: GD), as …

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Report: McAfee’s Phyllis Schneck Emerges As Potential DHS Cyber Undersecretary

Phyllis Schneck, McAfee vice president and chief technology officer for the public sector, has emerged as a possible candidate to head cyber operations at the Department of Homeland Security, The Hill newspaper reported Monday. Jennifer Martinez, citing two sources, writes Schneck is the most likely choice to succeed Mark Weatherford as DHS …

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Report: General Dynamics Close to Saudi Battle Tanks Win

General Dynamics is set to win a contract to deliver an unconfirmed number of battle tanks to Saudi Arabia, Reuters reported Friday. The news agency,  citing German newspaper Handelsblatt, said General Dynamics’ bid beat out Germany-based defense company Krauss-Maffei Wegmann. According to the Handelsblatt’s sources,  the deal involves the purchase of General Dynamics …

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Michael Inacker Named Siemens AG VP for Corporate Communications; Peter Loscher Comments

Siemens AG (NYSE: SI) has appointed Michael Inacker, assistant editor-in-chief of German newspaper Handelsblatt and head of its Berlin office, as its vice president of corporate communications and branding. Inacker will lead Siemens’ external and internal communications and report directly to president and CEO Peter Löscher beginning Oct. 1, Siemens said …

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