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Search Results for: KeyW

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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Cisco Acquires Tail-f Systems for $175M

Cisco announced Tuesday their intention to acquire privately held Tail-f Systems for $175 million, a plan set in motion by AT&T to reshape and virtualize telecommunications networks in the cloud. Cisco aims to incorporate Tail-f into its cloud and virtualization group to increase marketability in telecom infrastructure, the company said …

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William LaPlante: Air Force Nears RFP for Long-Range Bomber Program

William LaPlante, assistant secretary for acquisition at the Air Force, said Friday the branch will launch final solicitations for a new long-range bomber within the next few days, Defense News reported Friday. Aaron Mehta writes that LaPante added the Air Force is scheduled to begin the process of awarding the …

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Allan McArtor: Airbus Eyes Cyber Acquisitions, Growth Opportunities Abroad

Allan McArtor, CEO of Airbus‘ North American subsidiary said the company is looking to drive business growth through overseas opportunities and cyber acquisitions, Defense News reported Sunday. Paul McLeary writes the company will market its Lakota trainer helicopter to foreign governments seeking to replace their legacy fleets. McCartor became CEO …

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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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Curtis Buser Appointed Acting Carlyle Group CFO

Curtis Buser, a longtime accounting director at the Carlyle Group, has been appointed as the firm’s acting chief financial officer, the Wall Street Journal reported Monday. Michael Calia writes the executive will fill the role while the firm searches a replacement for Adena Friedman, who left the position vacant following …

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