Boeing (NYSE: BA) has wrapped up its $3.2 billion cash acquisition of Florida-based aviation parts and services provider KLX. The transaction is part of Boeing’s aerospace services market push and expands its offerings for defense, business, commercial and general aviation clients, the company said Tuesday. The Chicago-based planemaker ...
Tom Reilly, CEO of Cloudera (NYSE: CLDR), told CNBC in an interview that aired Friday the proposed merger of the Palo Alto, Calif.-based software firm with Hortonworks (Nasdaq: HDP) will create a new company that will deliver software across all major cloud service providers. “We work on Amazon, Microsoft, Google, the IBM Cloud,...
General Dynamics™ (NYSE: GD) land systems unit has received a $366.9M contract modification to reconfigure Stryker ground combat vehicles for the U.S. Army. The Defense Department said Friday the company will convert the flat-bottom vehicles to the Double V-Hull Engineering Change Proposal 1 configuration. Work is scheduled to run thr...
TYSONS CORNER, VA, October 5, 2018 ” The Department of Homeland Security has selected five companies to support research and development efforts on nuclear and radiological threat detection under separate contracts worth approximately $22.7M combined, ExecutiveBiz reported Thursday. DHS said in a FedBizOpps notice posted Wednesday that it has a...
Northrop Grumman (NYSE: NOC) has landed a $171M contract to produce Lot 7 AGM-88E Advanced Anti-Radiation Guided Missile at full rate for the U.S. Navy and foreign military customers in Italy and Australia. The supersonic missile system features real-time electronic situational awareness to guard against surface-to-air threats, and currently works t...
The Justice Department has given antitrust approval to United Technologies Corp. (NYSE: UTX) to pursue its approximately $30B acquisition of Rockwell Collins (NYSE: COL), Bloomberg reported Tuesday. UTC announced in September 2017 that it agreed to pay approximately $23B in cash and stock and assume $7B in net debt from the Cedar Rapi...
Three small businesses have been awarded spots on a potential five-year contract to support analysis and test engineering work on the U.S. Navy™s command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance systems. Contractors will vie for task orders to research, develop and test C5ISR platforms as well as...
Boeing (NYSE: BA) has won a potential 16-year, $9.2B contract to build up to 475 T-X trainer aircraft and 120 ground-based training platforms for the U.S. Air Force. œToday™s announcement is the culmination of years of unwavering focus by the Boeing and Saab team, Leanne Caret, president and CEO of Boeing™s defense, space and sec...
Raytheon (NYSE: RTN) has received a potential six-year, $482.3M contract to update MK 15 Close-in Weapon Systems for the U.S. Navy and the U.S. Army as well as the governments of Taiwan, Saudi Arabia, Japan, New Zealand and Australia. The company will also overhaul systems and provide hardware for the CIWS platform used to defend against&n...
Jacobs Engineering Group (NYSE: JEC) has promoted Terry Hagen and Bob Pragada to chief operating officers in a string of leadership changes that will take effect on Oct. 1. The executive moves seek to support the company™s leadership and growth initiatives in the professional services sector, Jacobs said Wednesday. Hagen, a three-decade Ja...
