A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Signific...
Raytheon (NYSE:RTN) has received a potential $92 million contract to engineer and provide technical support for Stinger air defense systems of the U.S. Army, Taiwan and Poland. The Defense Department said Thursday it expects the company to complete work under the combined domestic and foreign military sales contract by Dec. ...
Tetra Tech (Nasdaq: TTEK) has purchased Newport Beach, California-based aviation technology systems provider BridgeNet International for an undisclosed sum. Dan Batrack, chairman and CEO of Tetra Tech, said in a statement published Thursday the combination will help the company expand its ability to deliver platforms for ground and airspace sup...
Lockheed Martin (NYSE: LMT) has asked the Defense Department to reimburse $212 million in restructuring costs associated with its $9 billion purchase of Sikorsky Aircraft in 2015 on the grounds that the Bethesda, Maryland-based defense contractor has been delivering $8 in savings for every dollar spent through the acquisition, Bloomberg reported Wed...
Amazon Web Services has purchased Sqrrl, a cybersecurity company founded by former National Security Agency employees, CNBC reported Tuesday. The transaction comes as AWS aims to integrate new security tools into the firm’s cloud platform and expand work with the intelligence community. Sqrrl CEO Mark Terenzoni said in the company™s homep...
Mindseeker has received three potential five-year contracts worth up to $100.9 million combined to provide remote coding services at 18 U.S. Army medical treatment facilities across the Central, European and Pacific regions. The Army Medical Command awarded the contracts in an effort to address a coding capability gap identified by MEDCOM’...
https://www.youtube.com/watch?v=qsE463O_ouw Watch as Sky Soldiers air drop a 777 Howitzer from a U.S. Air Force C-130, then jump in to put it into action. This is how we prepare for the unforgiving crucible of ground combat. #Airborne!...
https://www.youtube.com/watch?v=LGbTQvTT3vA PANAMA CANAL (Jan. 9, 2018) The future littoral combat ship USS Omaha (LCS 12) transits the Panama Canal. (U.S. Navy video by Lt. Chris Krokus/Released)...
Vince Stammetti, formerly a vice president of Alion Science and Technology, has been named senior VP of the company’s systems solutions business unit. The 37-year industry and military veteran has served as capture and technical lead for combat and C4ISR systems on Alion’s surface combat ship offering to Canada over the past year, t...
Boeing (NYSE: BA) intends to maintain the Brazilian government™s œgolden share in aerospace conglomerate Embraer in a push to address the Brazilian military’s concerns over a potential combination between the two aerospace companies, Reuters reported Friday. The œgolden share allows the South American country to exercise veto po...
