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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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Japan Chooses Bell Boeing-Built Osprey Aircraft, Northrop’s Global Hawk ISR System; Caroline Hutcheson Comments

Japan has moved to purchase the Bell Boeing (NYSE: BA)-built V-22 Osprey tiltrotor aircraft for an undisclosed amount through a foreign military sale agreement with the U.S. government, Defense News reported Friday. Aaron Mehta writes the East Asian nation also procured the Northrop Grumman (NYSE: NOC)-developed Global Hawk unmanned surveillance system and E-2D Hawkeye aircraft. Boeing spokesperson …

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Report: Israel to Place 2nd Lockheed F-35 Order

Israel will order 25 Lockheed Martin (NYSE: LMT) F-35A fighters in addition to the 19 jets the nation committed to buy in 2010 from the U.S. government, Defense News reported Wednesday. Aaron Mehta writes the government of Israel ordered a first set of Lockheed-built conventional takeoff and landing fighters four …

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Fred Funk Takes SVP Role at Preferred Systems Solutions; Scott Goss Comments

Fred Funk, formerly a co-founding executive at The KEYW Holding Corp. (NASDAQ: KEYW), has joined Preferred Systems Solutions as senior vice president of the national security group. He will be responsible for the company’s intelligence operations, business development and merger and acquisition strategies within the intelligence community, PSS said Sept. 23. “We are extremely fortunate to have …

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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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Report: Air Force Could Award Long-Range Radar Contract Next Week

The U.S. Air Force is close to naming the winner of a contract to produce long-range, ground-based sensors for tracking hostile aircraft and missiles, Defense News reported Wednesday. Aaron Mehta writes that Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN) are competing for the Air Force’s …

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Boeing Builds Plan to Sell Spare Parts to Iran Air

The United States moved closer to renewing trade ties with Iran following Boeing’s (NYSE: BA) announcement that it plan to sell aircraft components to the Islamic republic’s flag carrier, the Wall Street Journal reported Thursday. Benoit Faucon writes the contractor has agreed to produce spare parts and related safety equipment …

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Air Force Kicks Off 1st EELV Space Launch Competition in 10 Years

The U.S. Air Force is seeking proposals from industry for a national security space launch system under a program with undisclosed terms, Defense News reported Wednesday. Brian Everstine writes the service issued a request for proposal on Tuesday for the National Security Space mission in 2016. Air Force spokeswoman Capt. Erika …

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Report: Finmeccanica CEO Mauro Moretti Could Mull DRS Sale

Italian defense and aerospace conglomerate Finmeccanica could be considering a sale of its DRS Technologies as part of an organization-wide restructuring initiative, Defense News reported Monday. Mauro Moretti, Finmeccanica CEO, told reporters at the Farnborough International Airshow Monday that his company would analyze potential synergies of core activities between DRS and the rest of …

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Deborah Lee James: Air Force Seeks ‘Mature Tech’ for Strike Bomber

The U.S. Air Force has begun scouting for a contractor to develop the service’s new bomber under a program cost cap of $550 million per plane, Military Times reported Thursday. Brian Everstine writes a potential manufacturer will start to build the long-range strike bomber in the spring and the Air …

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