Tag Archives: ba

Lockheed Named Largest Contract Recipient in DOD’s Fiscal 2019 State-Level Spending Report

FY 2019 defense spending by state report

A state-by-state analysis of Department of Defense spending showed Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) took the first three spots on a list of top 10 contract awardees during fiscal year 2019. The list also includes General Dynamics (NYSE: GD), BAE Systems, Huntington Ingalls Industries (NYSE: HII), Humana (NYSE: HUM), L3 Technologies, which now operates as L3Harris Technologies (NYSE: LHX) after it merged with Harris, Raytheon and United Technologies Corp. Raytheon and UTC merged in April 2020 and the combined entity now runs as Raytheon Technologies (NYSE: RTX).

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TransDigm Strikes $965M Cash Deal for Cobham Aero Connectivity; Kevin Stein Quoted

Kevin Stein President and CEO TransDigm

TransDigm Group (NYSE: TDG) has agreed to acquire a Cobham subsidiary focused on providing antennas and radio systems for the aerospace end market. TransDigm will use existing cash on hand to finance the $965M acquisition of Cobham Aero Connectivity and expects the transaction to close during the third quarter of calendar year 2021, subject to regulatory clearances and other customary closing conditions.

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State Dept OKs $1.8B in HIMARS Launchers, Recce Pods, Missile Purchase Requests From Taiwan

HIMARS launcher

The State Department has approved Taiwan’s request to buy high mobility artillery rocket system launchers, AGM-84H standoff land attack missile-expanded response systems, MS-110 recce pods and related equipment and services under three foreign military sales agreements worth approximately $1.8B combined.

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Tom Jones to Succeed Janis Pamiljans as Northrop Aeronautics Systems President; Kathy Warden Quoted

Tom Jones Incoming Corporate VP Northrop Grumman

Tom Jones, sector vice president and general manager of airborne sensors and networks division at Northrop Grumman’s (NYSE: NOC) mission systems sector, has been elected by the board of directors to serve as corporate VP and president of the company’s aeronautics systems business, effective Jan. 1.

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Switzerland Gets State Dept OK for $16.2B in F-35, Super Hornet, Patriot Procurement Requests

F-35 Lightning II

The State Department has cleared Switzerland’s request to buy F-35 fighter jets, F/A-18E/F Super Hornet aircraft and Patriot Configuration-3+ modernized fire units under three foreign military sales agreements worth approximately $16.23B combined.

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Boeing Teams Up With General Atomics, Aerojet Rocketdyne to Pursue Next-Gen Interceptor Program; Norm Tew Quoted

Norm Tew VP and GM Boeing

Boeing (NYSE: BA) has partnered with Aerojet Rocketydyne and General Atomics’ electromagnetic systems business to form an industry team to compete for the Missile Defense Agency’s Next-Generation Interceptor program. Norm Tew -- vice president and general manager of the missile and weapon systems division at Boeing’s defense, space and security business -- said the Boeing-led team aims to deliver critical technology to improve the country’s homeland missile defense by building on the companies’ decades of combined experience in missile and weapons systems.

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Six Companies Join Quantum Economic Development Consortium’s Steering Panel; Michael Kratsios Quoted

Michael Kratsios, acting undersecretary for DoD

Boeing (NYSE: BA), IBM (NYSE: IBM), Google, ColdQuanta, QC Ware and Zapata Computing signed participation agreements to join the steering committee of a consortium tasked with advancing research in quantum information science and identifying standards, technology and workforce needs to support the emerging QIS-based industry.

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