Home / Tag Archives: featured (page 740)

Tag Archives: featured

Report: Finmeccanica CEO Mauro Moretti Could Mull DRS Sale

Italian defense and aerospace conglomerate Finmeccanica could be considering a sale of its DRS Technologies as part of an organization-wide restructuring initiative, Defense News reported Monday. Mauro Moretti, Finmeccanica CEO, told reporters at the Farnborough International Airshow Monday that his company would analyze potential synergies of core activities between DRS and the rest of …

Read More »

Lockheed Buys Thin Film Coating Maker Deposition Sciences

Lockheed Martin (NYSE: LMT) has purchased Deposition Sciences, a subsidiary of Advanced Lighting Technologies that manufactures optical thin film coatings for the defense and commercial industries. Investment banking firm Headwaters MB said Monday that it advised ADLT through the process and secured Lockheed as a buyer. Lockheed plans to integrate DSI into the aeronautics business. The parties did not …

Read More »

Peter Smith to Become American Systems CEO in August; Bill Hoover to Retire

Peter Smith, chief operating officer at American Systems, has been appointed president and CEO of the employee-owned company and will succeed the retiring chief executive Bill Hoover. Smith, a 33-year company veteran will assume his new role on August 1 and Hoover will continue to serve as vice chairman of the board of …

Read More »

US, Qatar Ink $11B Arms Deal

The Defense Department will provide a fleet Apache helicopters and defense systems to the government of Qatar under an estimated $11 billion deal signed Monday. Defense Secretary Chuck Hagel and Qatari Defense Minister Hamad bin Ali al-Attiyah inked the agreement for Apache helicopters and Patriot and Javelin systems at the Pentagon,  DoD said Monday. …

Read More »

Horacio Rozanski to Succeed Ralph Shrader as Booz Allen CEO

Horacio Rozanski, president and chief operating officer at Booz Allen Hamilton (NYSE: BAH), will succeed the retiring Ralph Shrader as chief executive of the McLean, Va.-based consulting firm on Jan. 1, 2015. Shrader, a 40-year company veteran, will keep his role as chairman of the board of directors after he officially retires …

Read More »

Air Force Picks 10 for $960M NETCENTS-2 Application Services IDIQ

Ten companies will compete for delivery orders to provide application services to the U.S. Air Force for a 10-year period under a potential $960 million contract.  program over a 10-year period. The Defense Department said Monday on its website that the Network-Centric Solutions-2 Application Services contract covers sustainment, integration, migration, training, testing and operational and help desk support. Awardees …

Read More »

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 …

Read More »

Mark Caylor, Stephen Movius Add New Northrop Leadership Roles; Wes Bush Comments

Mark Caylor, a corporate vice president and president for enterprise shared services at Northrop Grumman (NYSE: NOC), has taken the additional role of chief strategy officer for the company. He adds corporate development and supply chain management to his work responsibilities and will continue to report directly to CEO Wes …

Read More »

Raytheon to Build Air Force Decoy Jammer Missile

Raytheon (NYSE: RTN) will develop the seventh batch of miniature air-launched decoy jammer missile for the U.S. Air Force under an $80 million contract. The company will incorporate data, mission planning, process verification program and flight software systems into the jamming technology, Raytheon said Monday. Raytheon will perform the work at its Tucson, …

Read More »

Boeing-Sikorsky Team to Develop ‘Digital Backbone’ for Army Tech Demo Program; Samir Mehta Comments

Boeing (NYSE: BA) and a subsidiary of United Technologies (NYSE: UTX) have signed a technology investment agreement with the U.S. Army‘s Aviation Applied Technology Directorate to provide support for the Joint Multi-Role Technology Demonstrator program. The Boeing-Sikorsky Aircraft team will help to develop the Joint Common Architecture standard for the Army’s JMR TD program as part of the Future Vertical Lift …

Read More »