Tag Archives: air and missile defense

FTC Seeks Additional Info on Lockheed’s $4.4B Deal for Aerojet Rocketdyne

Lockheed Martin (NYSE: LMT) has received from the Federal Trade Commission a second request for additional information as FTC continues to review its proposed acquisition of Aerojet Rocketdyne (NYSE: AJRD). The latest request extends for another 30 days the waiting period under the Hart-Scott-Rodino Act, Lockheed said Friday. In December, …

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Lockheed Strikes $4.4B Deal for Aerojet Rocketdyne; James Taiclet, Eileen Drake Quoted

James Taiclet President and CEO Lockheed Martin

Lockheed Martin (NYSE: LMT) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.4B in a move to expand its capabilities in the areas of hypersonics, space exploration, integrated air and missile defense and tactical missiles. The deal is expected to conclude in the second half of 2021, subject to approval by Aerojet Rocketdyne’s stockholders, regulatory clearances and other customary closing conditions.

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Leonardo Selected to Provide On-Board Power System for Army, MDA THAAD Vehicle Demonstrators

Leonardo DRS has received a contract from the U.S. Army to integrate and demonstrate an on-board vehicle power technology for a family of medium tactical vehicles with the Terminal High Altitude Area Defense system. The Army and MDA plan to test the potential of OBVP technology to deliver electrical energy to THAAD FMTV demonstrators, the company said Friday.

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David Van Wie Named Johns Hopkins APL Air & Missile Defense Sector Head

David Van Wie, formerly mission area executive for precision strike mission at Johns Hopkins University Applied Physics Laboratory, has been named head of the nonprofit research organization’s air and missile defense sector. He will lead the segment that aims to increase the country’s ability to defend against missile and aircraft …

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Raytheon to Build Qatar’s Early Warning Radar System Under $1.1B USAF Foreign Sales Deal

Raytheon (NYSE: RTN) has received a potential $1.07 billion contract to build an early warning radar system for integration into Qatar’s air and missile defense enterprise. The Air Force Life Cycle Management Center in Massachusetts awarded the sole-source contract to Raytheon as part of a foreign military sales deal between the U.S. …

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Northrop Awarded $73M to Support Army’s Air & Missile Defense Planning, Control System

The U.S. Army has awarded Northrop Grumman (NYSE: NOC) a potential $73 million contract to provide tactical support services for the military branch’s air and missile defense planning and control system. Northrop will perform engineering and technical services under the cost-plus-fixed-fee contract through Sept. 2, 2021, the Defense Department said Friday. The Army Contracting Command will …

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Lockheed Adopts New Name for Former Mission Systems & Training Unit

TYSONS CORNER, VA, Aug. 8, 2016 — Lockheed Martin‘s (NYSE: LMT) mission systems and training business will operate under the rotary and mission systems brand beginning Sept. 5 in a change that seeks to reflect the company’s expanded portfolio following the acquisition of Sikorsky Aircraft, ExecutiveBiz reported Friday. The rebranded rotary and mission …

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Reuters: Poland Nears Completion of Potential $5B Raytheon Missile Defense System Contract

Poland has made progress in its work to complete a potential $5 billion contract with Raytheon (NYSE: RTN) for the company’s air and missile defense system, Reuters reported Monday. Marcin Goettig writes the acquisition of the Patriot missile systems will support Warsaw’s large-scale army modernization program. “Raytheon has agreed to our minimal condition …

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Raytheon to Update Kuwait’s Patriot System Fire Units Under $523M FMS Contract

Raytheon (NYSE: RTN) has acquired a $523 million foreign military sales contract from the U.S. Army to modernize six Patriot air and missile defense fire units for Kuwait. Services will be conducted in sites across Alabama, Massachusetts and California as well as in Norway, Italy, Greece, Canada and the U.K., the Defense Department said …

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