Tag Archives: featured

Report: India Plans $2B Purchase of 100 General Atomics Armed, Surveillance Drones

India plans to buy 100 General Atomics-built unmanned aerial vehicles worth $2 billion to support internal security and counterterrorism efforts and to help counter Chinese incursions into the country’s territory, PTI reported Tuesday. The news agency said industry sources have indicated India’s interest in both the armed Avenger drones and the …

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BAE Systems Receives $278M Air Force Radar Support Contract; DeEtte Gray Comments

BAE Systems‘ U.S. subsidiary has been awarded a five-year, $278.5 million contract to supply radar components and subsystems to the U.S. Air Force and several government agencies. The company said Tuesday it will provide radar, telemetry and optical tracking systems to 28 test ranges worldwide under the Air Force’s instrumentation radar …

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State Dept OKs $180M Australian Request for Boeing-Built Chinook Helicopters

The State Department has cleared the possible $180 million sale of Boeing-built (NYSE: BA) CH-47F Chinook helicopters to Australia under a foreign military sales agreement with the U.S. government. The Defense Security Cooperation Agency said Monday the Australian government ordered Chinook helicopters, aircraft turbine engines, common missile warning systems, Honeywell‘s (NYSE: …

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Symantec Sets Jan. 29 Close for $8B Veritas Sale to Carlyle Group

The Carlyle Group (Nasdaq: CG) is set to conclude its potential $8 billion acquisition of Veritas from Symantec (Nasdaq: SYMC) on Jan. 29 after the closing conditions are met. Bill Coleman, formerly a partner at venture capital firm Alsop Louie Partners, will serve as CEO of Veritas upon the deal’s close, …

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Lockheed Gets $1.2B Contract for F-35 Parts, Materials Procurement

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a four-year, $1.17 billion advance acquisition contract to obtain long-lead materials, components and parts necessary for the manufacture of low-rate initial production lot 11 F-35s. The Defense Department said Monday that Lockheed will use the long-lead items to build 80 F-35A …

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Cubic Buys GATR, TeraLogics to Expand C4ISR, Satcom Portfolios; Bradley Feldmann Comments

Cubic Corp. (NYSE: CUB) has acquired GATR Technologies for $232.5 million and TeraLogics for $39 million in a push to grow Cubic’s defense systems business and expand its command, communications, control, computers, intelligence, surveillance and reconnaissance offerings. Alabama-based GATR manufactures inflatable satellite communication and C4ISR terminals for deployment in remote environments, …

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CSRA to Help Build Federal Court E-Filing Platform Under $115M Task Order

CSRA (NYSE: CSRA) has received a potential five-year, $115 million task order to develop software for the Administrative Office of the U.S. Courts to electronically manage case filings across the federal court system. The company said Monday it will perform lifecycle support for the agency’s court probation and pre-trial services management applications as well as its case management …

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December 21 Market Close: GovCon Index Turns Around Two-Day Slump

The GovCon Index rode the markets up and closed at 76.181, up 0.906%. The markets experienced a roller coaster throughout the trading day but ended positive with strong movement the last 30 minutes of the trading day. Copper and gold were up on news that China may add to the stimulus. …

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State Dept Clears Lithuania’s $55M Raytheon-Lockheed Javelin Missiles Purchase Request

The State Department has approved the sale of Javelin missiles worth $55 million to Lithuania under a foreign military sales agreement with the U.S. government. Lithuania ordered 220 Javelin missiles, 10 Javelin fly-to-buy missiles and 74 Javelin command launch units from the U.S. government, the Defense Security Cooperation Agency said …

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