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Tag Archives: Defense

BAE Wraps Up Signal Innovations Group Buy; DeEtte Gray Comments

BAE Systems has finalized its purchase of Signal Innovations Group, an analytics and imaging platform supplier to the intelligence and defense industries. The companies seek to unify their technology offerings to help customers gain strategic and tactical insights, DeEtte Gray, president of BAE’s intelligence and security business, said Tuesday. “Together, …

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Tom Enders: Airbus Explores Strategic Options for Defense, Security Tech Portfolio

Tom Enders, CEO of Airbus Group, has said the company is in talks with several interested parties for its defense electronics and border security technology assets, Reuters reported Thursday. “The decision is that clearly this is not a core business for us and we have started to discuss with possibly …

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Bernhard Gerwert: Airbus to Downsize Defense, Space Division

Airbus Group will sell some of the subsidiaries and business units within its defense and space division after what the aerospace and defense conglomerate called a “detailed and comprehensive portfolio assessment.” Airbus Group said Tuesday that it identified its commercial and para-public communication business as among the candidates for divestment and said it also …

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India Plans $2.5B Purchase of Boeing Chinook, Apache Helicopters

India has approved a deal to purchase Boeing-built (NYSE: BA) Chinook and Apache helicopters for approximately \$2.5 billion, Reuters reported Saturday. Nigam Prusty writes the purchase is part of Prime Minister Narendra Modi’s plan to bolster the nation’s military posture. The government also agreed on a proposal by the Indian navy to …

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Saab to Update USSOCOM’s Carl-Gustaf Weapon System; Gorgen Johansson Comments

Saab has won a potential five-year, $187 million contract with the U.S. Special Operations Command to supply new Carl-Gustaf weapon systems to the command. USSOCOM has placed a $14.3 million initial order for the portable weapon, Saab said Wednesday. The contract follows a previous deal between Saab and USSOCOM for …

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BAE Systems to Build Offshore Patrol Ships for U.K. Royal Navy

BAE Systems has won a $581 million contract to develop three offshore patrol vessels for Britain’s Royal Navy, Reuters reported Tuesday. Sarah Young writes the U.K. government intends for the ships to support counter-terrorism, counter-piracy and anti-smuggling missions. BAE Systems’ 800 shipbuilders will build the vessels at its shipyards on the …

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Mike Knowles, Mike Twyman Join Cubic’s Defense Leadership Team

Mike Knowles and Mike Twyman, veterans in the defense business, have both joined Cubic Corp. (NYSE: CUB) in executive roles within the San Diego-based company’s defense business unit. Knowles has been named vice president and deputy general manager of the air ranges and Live-Virtual-Constructive integrated training campaign business segment, Cubic said Wednesday. Twyman …

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Lockheed Awarded $212M to Maintain Army’s Air Defense Missiles

Lockheed Martin (NYSE: LMT) has been awarded a $212 million contract to support the U.S. Army aviation and missile command’s air defense missile systems. Lockheed will provide maintenance and surveillance services for the Patriot Advanced Capability-3 out of its facilities across the U.S., the company said Monday. Lockheed will deliver similar services to …

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AFCEA International Elects Linda Gooden to Chair of the Board

Linda Gooden has been named to assume the position as AFCEA International‘s chair of the board of directors, overseeing the association’s various committees and actively participating in the AFCEA Educational Foundation. Gooden has more than 15 years experience of working in the aerospace and defense community through AFCEA, serving roles …

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Air Force Awards Lockheed $2B for Missile Warning Satellite Production

The U.S. Air Force has awarded a $1.86 billion fixed-price contract to Lockheed Martin (NYSE: LMT) for work to complete production of two satellites as part of a system designed to give early warnings of ballistic missile launches. Lockheed said Tuesday that the Space Based Infrared System is intended to have …

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