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Saab Inc., the U.S. business arm of the Swedish aerospace and defense company, has booked a $494.4 million contract from the U.S. Army for the production of XM919 Individual Assault Munition, or IAM. The Department of Defense said Tuesday the firm-fixed-price contract, which covers an unspecified amount of XM919 IAM, was awarded to Saab by the...
MOXFIVE has received a growth investment from private equity firm Falfurrias Management Partners, bringing resources and new expertise to the cybersecurity company’s operations. Falfurrias said Wednesday Raymond James (NYSE: RJF) served as MOXFIVE’s financial adviser in the transaction. Mike Wager will continue to serve as CEO of MOXFIVE...
L3Harris Technologies (NYSE: LHX) has secured a more than $120 million order from the U.S. Marine Corps for multichannel handheld and vehicular radio systems. The company said Wednesday USMC placed the order under a 10-year, $750 million indefinite-delivery/indefinite-quantity contract for L3Harris-built Falcon IV handheld radios. Falcon IV is a sof...
Future Technologies Inc. has appointed Nathan Glass as vice president of finance, according to the executive’s LinkedIn post shared Wednesday. Glass spent five years at EverWatch, a Booz Allen Hamilton (NYSE: BAH) company, before joining FTI. He served as its director of compliance and special projects, director of financial pla...
The National Institutes of Health has awarded ECS and NTT Data positions on a potential five-year, $1.1 billion blanket purchase agreement to provide information technology support services for the National Institute of Allergy and Infectious Diseases. The NIAID Enabling and Advancing Technologies – NEAT – BPA covers cyber infrastructure...
Jeremy Nance, most recently V2X’s (NYSE: VVX) vice president, deputy general counsel and chief compliance officer, has taken on the role of general counsel at the McLean, Virginia-based technology company. The company said Tuesday he will report directly to V2X President and CEO Jeremy Wensinger as part of the executive team. Nance will oversee al...
AeroVironment (Nasdaq: AVAV) has secured a U.S. Army contract worth $990 million to equip dismounted infantry formations with an organic, stand-off capability. The Department of Defense said Tuesday the capability is for destroying tanks, light armored vehicles, hardened targets, defilade and personnel targets. The cost-plus-fixed-fee and firm-fixed...
L3Harris Technologies (NYSE: LHX) has booked a $587 million contract from the U.S. Navy to provide electronic warfare test articles and prototypes. The Department of Defense said Monday the deal covers the design, production and delivery of electronic warfare test articles and fleet prototypes, including 11 pod simulators, eight operational pro...
The Federal Aviation Administration has awarded Indra’s air traffic business a potential $244.3 million contract to replace legacy ultra high frequency and very high frequency ground-based analog radios at remote air center/ground and backup emergency communications facilities. FAA announced the award of the NEXTCOM V3 UHV/VHR Radio contract in a ...
Cognizant (Nasdaq: CTSH) has completed its purchase of Belcan in a cash-and-stock deal worth approximately $1.3 billion as part of a push to broaden its engineering research and development capabilities and expand its aerospace and defense market footprint. Cognizant said the transaction, which was first announced in June, also builds on its presenc...
