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Tag Archives: canada

State Dept Clears $140M Raytheon Air-to-Air Missile Sales Deal for Canada

The State Department has approved a potential $140 million foreign military sale of  Raytheon-built (NYSE: RTN) AIM-120D Advanced Medium Range Air-to-Air Missiles to Canada. The proposed FMS transaction covers 32 AMRAAMs and associated equipment; storage and preservation; transportation; aircrew and maintenance training; and other logistics and program support services, the Defense Security Cooperation …

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Intel Capital Makes $60M Investment to Support 15 Tech Startups

TYSONS CORNER, VA, Oct. 24, 2017 — Intel‘s (Nasdaq: INTC) investment arm has placed more than $60 million in funds to support 15 startups as they work to develop cybersecurity, analytics, machine learning, artificial intelligence and autonomous technologies, ExecutiveBiz reported Monday. The company said Thursday the startups from Canada, China, Israel, Japan …

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CAE, Canadian Research Lab to Study Flight Simulator User Experience

TYSONS CORNER, VA, Sept. 14, 2017 — CAE has entered into a partnership with business school HEC Montreal’s research laboratory in Canada to study pilots’ user experience in flight simulators in efforts to build on aviator performance, ExecutiveBiz reported Wednesday. The company said Tuesday it will collaborate with Tech3Lab to utilize big data, …

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State Dept OKs Potential $5.23B Boeing Super Hornet Aircraft Sale to Canada

The State Department has approved Canada’s request to buy Boeing-built (NYSE: BA) F/A-18 Super Hornet aircraft and related equipment and services from the U.S. government under a potential $5.23 billion foreign military sales agreement. Boeing, Northrop Grumman (NYSE: NOC), Raytheon (NYSE: RTN) and General Electric (NYSE: GE) will serve as principal contractors …

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Thales Awarded Potential $4B Canadian Ship In-Service Support Contract

Thales Group has secured a potential 35-year, $4.13 billion contract to provide in-service support to the Canadian navy’s fleet of Arctic offshore patrol and joint support ships. The contract has an eight-year base period valued at $633 million and work will include refit, repair, maintenance and training services, Thales said Thursday. The …

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Lockheed Invests in AI Tech for ‘Intelligent’ Maintenance Support to Canada’s C-130Js

TYSONS CORNER, VA, July 20, 2017 — Lockheed Martin (NYSE: LMT) has placed a $1.1 million investment to help advance the development of an artificial intelligence tool that Canada-based contextere intends to support aerospace and defense maintenance personnel, ExecutiveBiz reported Wednesday. The intelligent personal agent will work to assist in field service, industrial inspection and maintenance, …

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CAE Books $139M Defense Contracts for Aircraft Training Products & Services; Gene Colabatistto Comments

CAE has secured more than $138.5 million in contracts during the first quarter of its 2018 fiscal year to provide aircraft simulation products, training services and in-service support to U.S. and international defense customers. Montreal-based CAE said Tuesday it received contracts from Lockheed Martin (NYSE: LMT), L3 Technologies‘ (NYSE: LLL) MAS subsidiary and Airbus Group‘s …

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Northrop-Led Team to Build Satellite Ground Station, Network Mgmt System for Australia Under $170M Contract

A team composed of Northrop Grumman (NYSE: NOC), ViaSat (Nasdaq: VSAT) and Optus has received a potential $170 million contract to build a satellite ground station and a wideband satellite communications network management system for Australia’s defense force. The team will install a satellite ground station at Wagga Wagga in New South Wales under the Joint Project 2008 Phase 5B2 …

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Air Force Awards Northrop $179M LAIRCM Support Contract Modification

Northrop Grumman (NYSE: NOC) has secured a $179 million contract modification from the U.S. Air Force to provide hardware and support for large aircraft infrared countermeasures systems, or LAIRCM. The Defense Department said Thursday the company will perform work under the modification in Rolling Meadows, Illinois through April 30, 2019. LAIRCM is designed …

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Lockheed Gets Potential $1.2B Navy Contract for Sonar System Engineering Services

Lockheed Martin (NYSE: LMT) has won a potential $1.17 billion contract from the U.S. Navy to engineer sonar technology under the Technical Insertion 18-20 Acoustic Rapid Commercial-Off-The-Shelf Insertion program. The Defense Department said Thursday the contract with an initial value of $130.8 million covers engineering development support for A-RCI modernization requirements and …

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