The U.S. Navy has awarded L3 Technologies (NYSE: LLL) and Northrop Grumman (NYSE: NOC) separate contracts to test radio frequency jamming technologies and provide related technical data. L3 and Northrop will receive up to $35.8M and $35.2M in contract funds, respectively, to perform work on Increment 2 of the Navy’s Next Generat...
Grace Lee, former senior vice president of global human resources at biotechnology firm Charles River Laboratories (NYSE: CRL), has been appointed chief HR and diversity officer at at Cubic (NYSE: CUB). Her appointment is effective Oct. 29 and she will oversee Cubic’s diversity strategy as well as talent management, diversity st...
A new PwC report says the total value of mergers and acquisitions in the global aerospace and defense industry was $5.9B in the third quarter of 2018, down 49 percent from the same period last year. PwC said the number of M&A deals in the A&D sector plummeted 18 percent to 89 transactions in Q3 2018 and...
TYSONS CORNER, VA, October 24, 2018 ” Raytheon (NYSE: RTN) has established partnerships with Cybraics and Authentic8 in an effort to advance artificial intelligence, analytics and isolated browser technology to bolster the cybersecurity of financial, health, electoral and other critical infrastructure systems, ExecutiveBiz reported Oct. 3....
United Technologies Corp. (NYSE: UTX) expects Chinese regulators to approve its planned $30B purchase of Rockwell Collins (NYSE: COL) within weeks, Reuters reported Tuesday. UTC CEO Greg Hayes said Tuesday in a conference call the company does not expect the U.S.-China political issues to have an impact on the deal citing UTC™s invest...
TYSONS CORNER, VA, October 23, 2018 ” Dave Vennergrund, director of data and analytics at General Dynamics‘ (NYSE: GD) information technology business, has said federal agencies can utilize the cloud as a platform for the development of artificial intelligence technologies, ExecutiveBiz reported Oct. 1. He wrote Sept. 27 in a company blog...
TYSONS CORNER, VA, October 22, 2018 ” SSL has entered into a public-private partnership with NASA to build two spacecraft technologies under the agency’s Tipping Point program that aims to utilize commercial space capabilities for government missions, ExecutiveBiz reported Oct. 1. Maxar Technologies (NYSE: MAXR) said O...
TYSONS CORNER, VA, October 22, 2018 ” An industry team led by Concurrent Technologies Corp. will work to address the U.S. Marine Corps‘ energy reliability and resiliency needs at multiple locations as part of a potential $36M contract, ExecutiveBiz reported Sept. 28. The company said Sept. 27 its team — which includes subcontra...
TYSONS CORNER, VA, October 19, 2018 ” The U.S. Navy has awarded Alion Science and Technology a spot on a potential $794M contract to develop and support the service’s fleet of unmanned undersea vehicles, ExecutiveBiz reported Thursday. The defense contractor said Wednesday it will deliver rapid prototype material related to the produ...
The U.S. Army has revealed a new roster of industry partners under a potential $37.4B contract that covers knowledge-based professional engineering support services to command, control, communications, computers, intelligence, surveillance and reconnaissance programs. The Army Contracting Command received 388 bids for the Responsive Strategic Sourci...
