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Tag Archives: featured

Munitions Industry Veteran Steven Torma Assumes Lead Role at AO Precision Manufacturing

Munitions industry veteran Steven C. Torma will seek to lead AO Precision Manufacturing’s efforts to grow its business portfolio as the company’s new chief executive officer. Torma joins AO after spending three decades in leadership roles at Liberty Ammunition and General Dynamics, AO said Thursday. He was vice president and …

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Lockheed to Integrate Fighter Jet Targeting Pods for South Korea, Jordan

Lockheed Martin (NYSE: LMT) has been awarded two contracts to help South Korea’s and Jordan’s air forces install an electro-optical targeting system on their fighter planes. The company will provide its Sniper Advanced Targeting Pod as well as associated hardware and training support for KF-16 and F-15K fighters used by …

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Report: Northrop Expecting Multiyear, $4B Navy Contract for Hawkeye Aircraft

Northrop Grumman (NYSE: NOC) is set to receive a five-year, $3.86 billion contract by the end of June to provide the U.S. Navy with 25 new carrier-based surveillance and reconnaissance aircraft, Bloomberg Businessweek reported Thursday. Tony Capaccio writes the future contract was revealed in a notice sent by Pentagon acquisitions chief …

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Northrop to Continue Air Force Comms Relay Ops, Support Under $89M Modified Contract

Northrop Grumman (NYSE: NOC) Space & Mission Systems has won a modification contract worth $89, 663, 365 to continue support for the U.S. Air Force’s airborne communications relay program. The change covers an additional year of maintenance and operations work on the Battlefield Airborne Communications Node payload aboard the E-11A …

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Raytheon Wins $391M for Army Guidance System

Raytheon (NYSE: RTN) Missile Systems has been awarded a contract modification worth $391, 540, 645 for its tube-launched, optically tracked, wireless-guided missiles. The change covers contract W31P4Q-12-C-0265 for the U.S. Army and Marine Corps, in addition to two foreign military sales agreements that involve Oman and Saudi Arabia, the Pentagon …

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Exelon, Pepco Seek Regulatory Approval for Merger; Chris Crane Comments

Exelon Corp. (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM) have filed approval applications with regulators in Delaware, D.C. and New Jersey for their proposed merger. The companies intend to combine their electric and gas utilities into an electric and gas business in the mid-Atlantic, Exelon said Wednesday. “We are …

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Lockheed Martin Wins $222M for C-5 Upgrades

Lockheed Martin (NYSE: LMT) Aeronautics has been tasked to carry out additional work worth $222 million to modernize the U.S. Air Force’s C-5M aircraft, the Defense Department said Wednesday. The fixed-price contract modification under the Reliability Enhancement and Re-engining Program involves the installation of General Electric-made engines and 69 other enhancements to 11 …

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Joe Lohmeier Named Avaya U.S. Channel Sales VP

Joe Lohmeier, formerly vice president of sales for the Americas region at VMware (NYSE: VMW), has joined Avaya as U.S. channel sales VP, Channel Partners Online reported Tuesday. Craig Galbraith writes that Lohmeier’s appointment is effective immediately and he will oversee business development and revenue-driving strategies in his new position. …

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John Rood Joins Lockheed As Local Business Development, Operations VP; Paul Lemmo Comments

John Rood, a two-decade civil service veteran and former business development lead at Raytheon (NYSE: RTN), has joined Lockheed Martin (NYSE: LMT) as vice president of domestic business development and operations. He will assume his new role on Monday and succeeds John Ward, who is retiring from the company after …

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Lockheed to Buy Thin-Film Coating Maker Deposition Sciences

Lockheed Martin (NYSE: LMT) has agreed to purchase Deposition Sciences, an Advanced Lighting Technologies subsidiary that manufactures optical thin film coatings. Financial terms of the deal were not disclosed and the companies expect to close the transaction within 30 days subject to customary regulatory approvals, Lockheed said Wednesday. Lockheed intends …

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