Highlander Partners has acquired Liteye Systems, a developer of counter-unmanned aircraft system platforms for defense and national security applications, in a deal that marks the private equity firm’s first investment move since it launched a holding company in May to pursue C-UAS market opportunities. Liteye‘s offering for U.S. and int...
The U.S. Army has awarded Raytheon Technologies (NYSE: RTX) a $1.2 billion contract to deliver six more National Advanced Surface-to-Air Missile Systems, plus equipment and support services, to Ukraine as part of a Pentagon-led security assistance campaign. The contract brings the U.S. government’s total order for NASAMS batteries to eight to ...
General Electric (NYSE: GE), L3Harris Technologies (NYSE: LHX), Textron (NYSE: TXT) and Veritas Capital are among the companies that have expressed interest in acquiring Aerojet Rocketdyne (NYSE: AJRD), which has an estimated market valuation of $4 billion, Reuters reported Wednesday. Citing unnamed sources, Reuters noted the El Segundo, California-...
L3Harris Technologies (NYSE: LHX), Mercury Systems (Nasdaq: MRCY) and Pacific Defense have won cash prizes from the U.S. Army as the three finalists of a competition aimed to drive technological innovations that can facilitate the convergence of warfighting platforms. All three companies presented prototypes for improving the C4ISR/Electronic Warfar...
The State Department has approved Qatar’s request to purchase a suite of systems designed to recognize and mitigate drone threats, as part of a potential $1 billion foreign military sales deal with the U.S. government. Qatar seeks to buy 10 units of the Fixed Site-Low, Slow, Small Unmanned Aircraft System Integrated Defeat System and 200...
The State Department has approved a potential $323.3 million foreign military sale of missile systems, manufactured by Raytheon Technologies (NYSE: RTX), and related equipment to the Finnish government. Finland’s FMS request includes 40 AIM 9X Block II tactical missiles, 48 AGM-154 Joint Stand Off Weapon systems and a number of tactical guidan...
Raytheon Technologies (NYSE: RTX) will provide the U.S. Navy and several foreign military sale customers with guided missile assemblies as well as related equipment and spares to meet the full-rate production requirements of the Evolved Seasparrow Missile Block 2 program for fiscal years 2021 to 2023. Deliveries will be made under a $397.7 million f...
Dan Klein, a corporate development executive, has assumed the position of vice president of public sector program management at Lumen Technologies (NYSE: LUMN), GovCon Wire has learned. He reports to Zain Ahmed, senior VP of Lumen’s public sector, through the company’s office in Herndon, Virginia. “Dan is a results-driven software and services...
Matt Veldhuis, a 22-year veteran of Lockheed Martin (NYSE: LMT), has joined Raytheon Technologies (NYSE: RTX) as director of business development within the intelligence and space unit. He will oversee requirements and capabilities related to space intelligence, surveillance and reconnaissance in his new position, according to a LinkedIn post publis...
Tom Gentile, president and CEO of Spirit AeroSystems, and Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, have been elected to serve as chairman and vice chairman, respectively, of the Aerospace Industries Association’s board of governors for 2023. Eric Fanning, a previous Wash100 awardee, will continu...
