William Nelson, director of Assured Position, Navigation and Timing (APNT) Cross Functional Team (CFT) with the U.S. Army, will give a fireside chat, moderated by Kevin Coggins of Booz Allen Hamilton, during Potomac Officers Club’s Ensuring PNT Superiority on the Future Battlefield Virtual Event on Nov. 5th.
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Northrop Gets $13.3B Ground-Based Strategic Deterrent ICBM Dev’t Contract; Kathy Warden Quoted
The U.S. Air Force has awarded Northrop Grumman (NYSE: NOC) a potential $13.3B contract to build the Ground-Based Strategic Deterrent intercontinental ballistic missile system.
Read More »Mike Knowles to Lead Cubic’s New Mission & Performance Solutions Segment
Cubic (NYSE: CUB) has combined into a single business structure its mission solutions and global defense segments as part of a business realignment effort and appointed Mike Knowles, a senior vice president, as president of the newly formed Cubic Mission and Performance Solutions segment.
Read More »State Dept OKs $862M Sidewinder Block II Missile Sale to Canada
The State Department has approved a potential $862.3M foreign military sale of updated AIM-9X Sidewinder air-to-air tactical missiles, associated equipment and support services to Canada.
Read More »Raytheon Technologies Names Dantaya Williams Chief HR Officer; Greg Hayes Quoted
Dantaya Williams, former vice president of human resources at Pratt & Whitney's commercial engines division, has been named chief HR officer of Raytheon Technologies (NYSE: RTX).
Read More »Viasat, Data Link Solutions Land Spots on $999M Navy MIDS Radio Terminals Production IDIQ
The U.S. Navy has awarded Viasat (Nasdaq: VSAT) and Data Link Solutions positions on a potential five-year, $999M contract to produce, retrofit and sustain Multifunctional Information Distribution System Joint Tactical Radio Systems terminals.
Read More »BAE’s US Subsidiary Finalizes Airborne Radio Business Purchase; Dave Logan Quoted
BAE Systems Inc., the British contractor's U.S. subsidiary, has wrapped up its $275M acquisition of a Raytheon Technologies (NYSE: RTX) unit that produces airborne tactical radio systems for defense customers and aircraft manufacturers.
Read More »Raytheon Technologies Kicks Off Trading on NYSE; Greg Hayes, Thomas Kennedy Quoted
Raytheon Technologies started trading Friday on the New York Stock Exchange under the ticker symbol “RTX” after United Technologies Corp. and Raytheon completed their all-stock merger that was first announced in June 2019. The Waltham, Mass.-based publicly traded combined company has approximately $74B in pro forma 2019 net sales and operates with about 195K employees worldwide focused on developing technologies across hypersonics, cybersecurity, avionics and directed energy, among other areas, Raytheon Technologies said Friday.
Read More »Bell, Sikorsky to Advance in Army Future Attack Reconnaissance Aircraft Program; Bruce Jette Quoted
The U.S. Army has selected Textron’s (NYSE: TXT) Bell subsidiary and Lockheed Martin’s (NYSE: LMT) Sikorsky business for the second phase of the Future Attack Reconnaissance Aircraft competition.
Read More »KippsDeSanto’s Warren Romine: Defense Spending, Market Factors Could Drive M&As
Warren Romine, managing director at KippsDeSanto & Co., has said more middle-market defense contractors are considering divestitures as they assess their capacity to keep up with market trends, the Washington Business Journal reported Monday. Romine told the publication in an interview he expects increased U.S. defense budget and low interest rates to also drive acquisition and divestiture efforts.
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