Viasat (Nasdaq: VSAT) will research how 5G networks could support warfighters on the battlefield under two contracts the Department of Defense awarded through the Information Warfare Research Project. The company said Monday it will examine how 5G connectivity could help improve command and control applications and services and will explore how 5G n...
The Office of Management and Budget has issued a draft federal strategy to help U.S. government agencies implement zero trust principles in their enterprise security architecture in accordance with President Joe Biden’s cybersecurity executive order. OMB said Tuesday the draft Federal Zero Trust Strategy establishes baseline technical and policy r...
DCS will help two U.S. Air Force directorates sustain the branch’s fighter and bomber planes under a potential four-year, $164 million contract. Alexandria, Virginia-based DCS said Thursday it will work with partner companies to support the branch’s Fighters and Advanced Aircraft Directorate and Bombers Directorate across acquisition, fi...
The U.S. Army and a subsidiary of German defense company Rheinmetall have agreed to jointly develop combat vehicle technologies under a cooperative research and development agreement. American Rheinmetall Vehicles will collaborate with the Army Combat Capabilities Development Command’s Armaments Center to conduct R&D work focused on ammuni...
Virgin Orbit and blank check company NextGen Acquisition Corp. II (Nasdaq: NGCA) have agreed to merge that would result in the satellite launch services provider becoming a publicly traded company with an enterprise value of approximately $3.2 billion. The boards of directors of Virgin Orbit and NextGen have cleared the transaction and both parties ...
The U.S. Navy has awarded three multiple-award contracts worth approximately $2.76 billion combined to provide sustainment support for littoral combat ships homeported in Mayport, Florida. BAE Systems’ ship repair business and Fincantieri Marine Systems North America will compete for delivery orders under a potential five-year, $1.3 billion contra...
CAE (NYSE: CAE) has closed its $1.05 billion acquisition of the military training business from L3Harris Technologies (NYSE: LHX) while Renk AG completed its $400 million cash purchase of L3Harris’ combat propulsion systems unit and related assets. The two deals were first announced in March and completed Friday, three days after Christopher K...
A Raytheon Technologies (NYSE: RTX) business has marked the move of the U.S. Navy’s air combat training system into the production phase with the Milestone C completion. Raytheon said Wednesday Collins Aerospace also secured the first production order for the Navy’s Tactical Combat Training System Increment II, which is expected to reach initial...
NVIDIA (Nasdaq: NVDA) announced in September that it agreed to acquire U.K.-based semiconductor company Arm for approximately $40 billion and the chief executives of both companies explained how the transaction will help open up new opportunities and increase competition. “With this combination, we’ll be able to look at more markets at the same ...
The U.S. Air Force has awarded Learjet, a Bombardier subsidiary, a $464.8 million contract to procure an aircraft equipped with technology for airborne communications relay. The Wichita, Kansas-based company will deliver a maximum of six Bombardier Global 6000 jets that are fitted with the Battlefield Airborne Communications Node system, the Departm...
