Tag Archives: featured

Logen Thiran Joins ARA as President, CEO; Pradeep Wahi Comments

Logen Thiran, formerly a business unit president at DRS Technologies, has joined ARA as president and CEO to succeed Pradeep Wahi, who continues to serve as chairman of the board. ARA said Thiran joins the company as it seeks to align its product base and research and development projects with demand in international and domestic markets for radio frequency products. “[These] are exciting times …

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Siemens Inks $7B Cash Deal for Energy Equipment Maker Dresser-Rand; Joe Kaeser Comments

Siemens has agreed to acquire rotating equipment provider Dresser-Rand (NYSE: DRC) for approximately $7.6 billion cash in a move to grow Siemens’ global oil and gas business. Joe Kaeser,  president and CEO of Siemens AG, said Monday that Dresser-Rand will become “the oil and gas” company within Siemens. Siemens expects to complete the …

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Lockheed Awarded $828M Modification on Navy Trident II Contract

Lockheed Martin‘s (NYSE: LMT) space systems division has secured a contract modification potentially worth $828.4 million to provide the U.S. Navy with additional Trident II missiles and associated support services. The modification also covers life extension development and production and deployed systems support work to be performed in various sites, including California,  Florida, Utah …

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State Dept OKs Poland’s $500M Buy of Lockheed Missiles, F-16 Flight Plan Updates

Poland has asked to buy at least 40 Lockheed Martin (NYSE: LMT) Joint Air-to-Surface Standoff Missiles and F-16 operational flight plan support services from the U.S. under a potential $500 million foreign military sale approved by the State Department. The Defense Security Cooperation Agency said Friday that the company could also supply two live and two inert AGM-158A JASSMs with test …

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Dick Flanigan: FTC Approves Cerner’s $1.3B Siemens Health Services Buy

Cerner (NASDAQ: CERN) has moved closer to completing its \$1.3 billion purchase of Siemens‘ (NYSE: SI) health information technology unit after the U.S. Federal Trade Commission approved the transaction. “We’re pleased to have cleared this important regulatory hurdle and to be one step closer to integrating Siemens Health Services and …

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Mark Gray: ASRC Federal Subsidiary Wins Contract for NASA Flight Research, IT Support

ASRC Federal‘s InuTeq subsidiary has won a potential $73 million contract to provide operational and information technology services to NASA’s Armstrong Flight Research Center in California. InuTeq will assist the center’s mission information and test systems directorate in running its aeronautical test range and research aircraft integration facility, ASRC Federal …

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FirstNet Seeks Input on Public-Safety Network Initiative

The First Responder Network Authority has issued a request for information on methods to build the FirstNet national broadband network for emergency responders. FirstNet administrators will consider the public’s input to develop strategies for acquiring equipment and services for the interoperable public-safety network, according to a FedBizOpps notice published Wednesday. …

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Hong Hou: Veritas Capital to Buy EMCORE’s Space Solar Cells Portfolio

EMCORE (NASDAQ: EMKR) has agreed to sell its space photovoltaic systems unit to Veritas Capital for $150 million cash. The companies expect to complete the sale later this year or early next year, pending regulatory clearance and approval by EMCORE shareholders, EMCORE said Wednesday. “EMCORE’s board of directors and management …

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David Keffer Named EVP, CFO at SRA

David Keffer, formerly corporate controller at SRA International, has been promoted to executive vice president and chief financial officer and will be in charge of the company’s financial functions and operations. The company also said Wednesday that Theresa Golinvaux will move up from assistant controller to VP and corporate controller and also serve …

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Rob Smith: Lockheed to Help Marine Corps Update Air Mission C2 System

Lockheed Martin (NYSE: LMT) has won an $18 million contract to help the U.S. Marine Corps modernize an infrastructure for planning and coordinating the military’s air combat operations. The company said Thursday it will update and maintain almost 200 integrated software applications that run on the branch’s Virtualized Theater Battle …

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