Sweden is close to finalizing a potential $3 billion purchase of Raytheon‘s (NYSE: RTN) Patriot missile defense system within the coming weeks, Reuters reported Wednesday. Joakim Lewin, the Army Design Office head at the Swedish Materiel Administration, told the news agency that Sweden will seek the approval of the U.S. for the contr...
The U.S. Navy plans to negotiate a potential 10-year, $1.86 billion contract with Boeing (NYSE: BA) for the procurement of new and updated P-8A Poseidon training systems. A FedBizOpps notice posted Tuesday says the indefinite-delivery/indefinite-quantity contract will include upgrade work on aircrew and maintenance training systems fo...
CoVant Management and Madison Dearborn Partners have purchased Los Angeles-based space systems technology platforms provider LinQuest for an undisclosed sum. LinQuest CEO Leon Biederman will continue to oversee the company and maintain œa significant minority ownership position in the firm along with other members of the management te...
Steve Fieler, head of treasury and corporate finance at HP Inc. (NYSE: HPQ), has been promoted to chief financial officer of the personal computer and printer systems maker in a move that takes effect July 1. HP said Tuesday the 11-year company veteran will succeed Cathie Lesjak, who will serve as interim chief operating officer until...
TYSONS CORNER, VA, May 29, 2018 ” Maximus (NYSE: MMS) has received a potential five-year, $300 million contract renewal for extended support to an Australian program designed to provide sustainable employment for people with disabilities, injuries or health conditions, ExecutiveBiz reported Friday. The company said Thursday its Max Solutions di...
TYSONS CORNER, VA, May 29, 2018 ” Jeff Elder, head of the lethality unit at Modern Technology Solutions Inc.˜s army and missile defense division, has recently been granted a “Technology Award” by the National Defense Industrial Association™s Tennessee Valley chapter, ExecutiveBiz reported Friday. MTSI said Thursday th...
TYSONS CORNER, VA, May 29, 2018 ” Kratos Defense and Security Solutions (Nasdaq: KTOS) has received a number of contracts worth approximately $55 million combined to support U.S. and allied space missions and commercial satellite communications for national security, ExecutiveBiz reported Thursday. The company said Wednesday it will deliver pro...
TYSONS CORNER, VA, May 29, 2018 ” The International Maritime Organization™s maritime safety committee has cleared Iridium Communications (Nasdaq: IRDM) to provide mobile satellite services in support of the Global Maritime Distress Safety System, ExecutiveBiz reported May 22. Iridium said May 21 it intends to enter a public services a...
Justin Gans, formerly director of portfolio development at Northrop Grumman‘s (NYSE: NOC) aerospace sector, has been named vice president of strategy and corporate development at Elbit Systems‘ (Nasdaq: ESLT) U.S. subsidiary. Raanan Horowitz, president and CEO at Elbit Systems of America, said in a statement published Tuesday&n...
The National Geospatial-Intelligence Agency has tapped 10 companies for content management of community-sourced data on topographic and human geography under a potential 10-year contract worth $920 million. Work for NGA’s Janus Geography initiative will take place at the contractors’ facilities, the agency said in a notice posted Th...
