Philadelphia-based private equity firm LLR Partners has purchased an automated threat detection and cyber hunting technology business unit from Northrop Grumman (NYSE: NOC) for an undisclosed sum to grow a commercial market footprint for machine learning-based tools. LLR said Monday it has committed $50 million in financing to su...
MacDonald, Dettwiler and Associates‘ U.S. subsidiary Space Systems Loral has received a $75 million contract to provide a composite-based spacecraft platform for a NASA mission that aims to explore the 16 Psyche metallic asteroid. SSL will build a power propulsion chassis equipped with a solar electric propulsion techn...
A new Deloitte study forecasts the global aerospace and defense industry’s overall revenue to grow 2 percent in 2017. Tom Captain, Deloitte global aerospace and defense leader, said Monday sales in the defense sub-sector could expand 3.2 percent this year after multi-year declines in revenue on growth in U.S. security...
Belcan, a portfolio company of private investment firm AE Industrial Partners, has purchased The Kemtah Group for an undisclosed amount in a strategy to expand the former™s government information technology services business. Belcan CEO Lance Kwasniewski said in a statement released Thursday the transaction comes five ...
Defense Secretary nominee James Mattis has agreed to resign from his board position at General Dynamics (NYSE: GD) and divest all of his business holdings with the company if the Senate confirms him as the next leader of the Defense Department, Politico reported Saturday. Jeremy Herb and Connor O™Brien write Mattis, who ...
TYSONS CORNER, VA, Jan. 6, 2017 ” The U.S. Air Force has awarded a General Atomics‘ business unit a two-year, $56.7 million order to add new units to Spain’s fleet of MQ-9 Reaper unmanned aerial vehicles, ExecutiveBiz reported Thursday. General Atomics Aeronautical Systems Inc. will provide MQ-9 aircraft and associated equ...
Ryan Elliott, formerly vice president of business development at BNL, has joined Comprehensive Health Services as VP of federal domestic programs at the Cape Canaveral, Florida-based workforce medical services contractor. CHS said Thursday he will report to Doug Magee, senior VP for business development, and oversee the...
TYSONS CORNER, VA, Jan. 5, 2017 ” A Research and Markets report has named General Dynamics (NYSE: GD), Orbital ATK (NYSE: OA) and BAE Systems among the key players in the global military ammunition market through 2026, ExecutiveBiz reported Wednesday. The Global Military Ammunition Market 2016-2026 study covered the industry’s k...
TYSONS CORNER, VA, Jan. 5, 2017 ” An L-3 Communications (NYSE: LLL) subsidiary has secured a series of contracts worth at least $90 million for electro-optical/infrared imaging systems, ExecutiveBiz reported Wednesday. L-3 WESCAM will provide its MX-series systems to the U.S. Navy, Department of Homeland Security, Air Force Speci...
TYSONS CORNER, VA, Jan. 5, 2017 ” Noblis has transferred its corporate headquarters from Falls Church, Virginia, to a new 160, 000-square-foot facility at Edmund Haley Drive in Reston, ExecutiveBiz reported Wednesday. The scientific research and engineering services provider said Monday the office features multiple conference roo...
