Lockheed Martin (NYSE: LMT) has secured a six-year, $128.7M contract to provide integration support for integrate subsystems into the common missile compartment of U.S. and U.K. nuclear-powered submarines under construction. The company will add Trident II missile and reentry components to CMC assemblies for the U.S. Navy’s Columbia-class and ...
Dallas-based communications technology company COMSovereign Holding (Nasdaq: COMS) has acquired Israel-based aerial rotorcraft developer Sky Sapience in a $12.7 million deal that combines $2.7 million in cash and 2.55 million in stock. Sky Sapience offers the HoverMast tethered drone product line for airborne wireless network deployment, big event m...
COMSovereign Holding, a developer of 5G and 4G LTE communications systems, is selling 3,855,422 units consisting of a share of common stock and one warrant at a price of $4.15 per unit through a public offering to raise $16 million in gross proceeds. The company said Thursday it has secured approval from Nasdaq to list...
President Donald Trump has signed an executive order that would require government agencies to review security risks associated with unmanned aircraft systems from foreign adversaries and remove from the federal fleet such drones. The order directs all federal agencies to submit a report to the Director of National Intelligence and head of the Offic...
A BAE Systems business unit has received a five-year, $86.9M contract to engineer Link 16 terminals designed to help U.S. and international defense customers transmit voice and data communications. BAE's information and electronic systems integration group will perform engineering and integration work on Multifunctional Information Distribution...
Heidi Grant, director of the Defense Security Cooperation Agency, said foreign military sales in fiscal year 2020 reached $50.78B, including $3.3B in arms sales funded through the Title 22 Foreign Military Financing Program, Defense News reported Friday....
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Sandeep Kalra Promoted to Persistent Systems CEO Persistent Systems has promoted Sandeep Kalra, an experienced leader in the software services industry, as CEO to lead the company’s strategic growth and services, the company announced Monday. “We are looking forward to ...
Lockheed Martin (NYSE: LMT) has secured a $183M contract to supply the U.S.Marine Corps and a foreign customer with wheeled systems designed to launch rockets. The company said Monday it will manufacture a total of 28 High Mobility Artillery Rocket System launchers and related equipment under the contract from the U.S. Army....
The State Department has approved a potential $126M foreign military sale of armed assault vessels, ancillary equipment and contractor support services to the Philippines. The possible FMS transaction includes 36 scout boats, 36 assault boats, 18 light support boats, 156 M240B machine guns and other equipment such as forward-looking infrared, th...
COMSovereign Holding has expanded its portfolio of 4G LTE and 5G networking platforms with the acquisition of Virtual Network Communications through a cash-and-stock transaction worth approximately $19M....
