AAI, a subsidiary of Textron (NYSE: TXT), has won a potential $475 million contract to provide unmanned aircraft system intelligence, surveillance and reconnaissance services to the U.S. Special Operations Command. The indefinite-delivery/indefinite-quantity contract has an ordering period of four and a half years ...
TYSONS CORNER, VA, Jan. 9, 2017 ” A new Deloitte study has found that 73 percent of surveyed chief financial officers from commercial and government companies in North America believe there would be less congressional gridlock in the upcoming administration, ExecutiveBiz reported Friday. The company said Thursday the CFOs also expect chang...
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...
