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Tag Archives: featured

Financial Times: Finmeccanica Halts DRS Sale Plan

Finmeccanica no longer plans to sell its DRS Technologies subsidiary as the Italian defense and industrial conglomerate holds a positive outlook in the defense sector for the rest of this year, Financial Times reported Sunday. Peggy Hollinger writes Finmeccanica also is not searching for a U.S. partner to purchase a stake in DRS but …

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Navy Orders $78M in Insitu Blackjack UAS

Insitu has received a $78 million contract modification to produce a new batch of Blackjack unmanned aircraft systems for the U.S. Navy. The Boeing (NYSE: BA) company will also deliver air vehicles, ground control stations, launch and recovery equipment and spares under the contract, the Defense Department said Friday. Insitu will perform …

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TCS Buys Navigation Firm Loctronix; Sameer Vuyyuru, Jay Whitehurst Comment

Telecommunication Systems (Nasdaq: TSYS) has acquired inertial-navigation provider Loctronix for an undisclosed amount in an effort to help first responders locate distressed individuals and public safety personnel, Urgent Communications reported Friday. Sameer Vuyyuru, group vice president and general manager for the TCS location business unit, said the company intends for the acquisition …

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Lockheed to Provide Interceptor Missiles to Army, US Allies for $1B

Lockheed Martin (NYSE: LMT) will provide Patriot Advanced Capability-3 and PAC-3 Missile Segment Enhancement interceptor missiles to the U.S. Army and five international customers under a $1.5 billion contract in support of missile defense upgrades. The company said Friday the contract covers the production and delivery of interceptors for the Army and foreign military …

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Northrop Appoints Bruce Walker VP for Homeland Security, Civil, Regulatory & Intl Affairs

Bruce Walker, an information technology executive who has worked on Northrop Grumman‘s (NYSE: NOC) homeland security programs, will assume the role of vice president for homeland security, civil, regulatory and international affairs. The company said Friday Walker will report to Sid Ashworth, corporate vice president for government relations. “Bruce will be responsible …

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Navy Awards Raytheon $180M for Joint Standoff Missile Production

Raytheon (NYSE: RTN) has been awarded a $180.4 million contract to build Unitary Joint Standoff Weapon missiles and related equipment and support services for the U.S. Navy and the Saudi Arabian military. The contract covers full-rate production of 200 AGM-154C-1 JSOWs for the U.S. and another 355 AGM-154 Block III …

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OptumRx, Catamaran Complete Merger; Mark Thierer Comments

Optum has closed the merger of its pharmacy care services business OptumRx with Catamaran Corp. as part of efforts to expand the delivery of personalized pharmacy care to at least 65 million patients. Optum said Thursday it acquired all shares of Catamaran at $61.50 per share in a cash transaction. The combined companies will operate …

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Former Engility Exec Joseph Leonelli Joins Nonprofit ATCC as Federal Solutions VP

Joseph Leonelli, formerly vice president for national security systems and solutions at Engility (NYSE: EGL), has joined the nonprofit bioresource center ATCC as vice president for federal solutions. Leonelli will be in charge of the growth and management of ATCC’s federal solutions organization as it works to address global health security, …

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Derek Schoettle: IBM Eyes Cloud Data Service Expansion Through Compose Purchase

IBM (NYSE: IBM) has acquired database-as-a-service company Compose for an undisclosed amount to help further the development of cloud-based mobile and web applications. “Compose’s breadth of database offerings will expand IBM’s Bluemix platform for the many app developers seeking production-ready databases built on open source, ” Derek Schoettle, general manager …

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Lockheed Receives $1.6B Army Foreign Sales Contract Modification for Patriot Missiles

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $1.6 billion contract modification to provide Patriot air defense systems, spares and equipment to the armed forces of South Korea, Qatar, Taiwan, United Arab Emirates and Saudi Arabia. The Defense Department said Thursday the Army obligated $1, 346, 328, 377 in …

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