Tag Archives: Defense

Lockheed Wins $104M to Run AF GPS Ground Control; Rob Smith Comments

Lockheed Martin (NYSE: LMT) has won a $104 million U.S. Air Force contract to help run a ground control segment of the branch’s GPS satellite constellation, the company said Tuesday. The satellites provide users position, navigation and timing signals worldwide, Lockheed said. “Lockheed Martin is committed to sustaining the ground …

Read More »

Northrop Names Ret. Vice Adm. Stephen Stanley Cyber, C4 VP; Sid Ashworth Comments

Northrop Grumman (NYSE: NOC) has appointed retired Navy Vice Adm. Stephen Stanley vice president of cybersecurity and C4 (command, control, communications and computers). The company said the appointment is effective immediately and he will report to Sid Ashworth, corporate VP of government relations. Stanley, a 37-year Navy veteran, will lead …

Read More »

Boeing Names 15-Year Michael Kurth Unmanned Airborne Lead, David Pitchforth UK Defense Head

Boeing (NYSE: BA) has appointed Michael Kurth, currently managing director of the U.K. defense business, to lead unmanned airborne systems programs as vice president and general manager. The company said Kurth will be succeeded in his current position by David Pitchforth, managing director for the U.K. rotorcraft support division. As …

Read More »

Avnet Aiming for Defense, Aerospace Growth in USI Electronics Asset Buy; Ed Smith Comments

Electronic component distributor Avnet has agreed to buy all operating assets of military and aerospace semiconductor provider Universal Semiconductor Inc., known as USI Electronics. Avnet expects to close the transaction within 30 days and said it will immediately increase its earnings, supporting its return on capital goal of 12.5 percent. …

Read More »

Thales USA CEO Allan Cameron Retiring, Alan Pellegrini Named Successor

Thales USA has promoted Alan Pellegrini, currently vice president and general manager for avionics, to succeed the retiring Allan Cameron as president and CEO, effective at the beginning of 2013. The company said Cameron started as CEO in 2006 and led the company through four acquisitions in the defense and …

Read More »

SAIC 3Q Revenue Up 3%, Health Segment Up 2%; John Jumper Comments

Science Applications International Corp. (NYSE: SAI) has announced financial results for its third quarter of fiscal year 2013, ended Oct. 31, 2012. The McLean, Va.-based defense contractor reported a 3 percent revenue increase from the prior year period, recording $2.87 billion for the most recent quarter compared to $2.79 billion …

Read More »

SRA to Buy MorganFranklin’s Natl Security Business; Bill Ballhaus Comments

SRA International has agreed to acquire MorganFranklin‘s national security business in an effort to grow its defense, national security and health portfolios. SRA did not disclose terms of the deal and said the company expects to close the transaction by the end of 2012. Approximately 180 MorganFranklin employees, many of …

Read More »

Report: France, Germany Talking New EADS Structure

Officials from France and Germany met with EADS and Daimler representatives in Paris over the weekend to discuss a new shareholder structure for EADS, according to Reuters. Citing German newspaper Allgemeine Zeitung, Reuters reports the discussions focused on setting a limit on state shareholdings in the aerospace and defense giant …

Read More »

Boeing Wins $178M for AF Nuclear Munition Tail Kit; Debbie Rub Comments

Boeing (NYSE: BA) has won a $178 million contract to update a nuclear ballistic munition for the U.S. Air Force, the company announced Tuesday. The company will work with the departments of Defense and Energy to build a new tail kit for the B61 free-fall munition. Boeing has built direct …

Read More »

Boeing Names Ralph Meoni Head of New Electronic Division, Shifts Exec Roles

Boeing (NYSE: BA) announced Wednesday it is rotating seven executive assignments within the defense, space and security segment, with all moves effective Jan. 1. The company said these rotations are part of a growth and affordability strategy started in 2010, which has led to $2.2 billion in savings, according to …

Read More »