Lockheed Martin (NYSE: LMT) has received from the Federal Trade Commission a second request for additional information as FTC continues to review its proposed acquisition of Aerojet Rocketdyne (NYSE: AJRD). The latest request extends for another 30 days the waiting period under the Hart-Scott-Rodino Act, Lockheed said Friday. In December, …
Read More »General Atomics to Further Develop Railgun Projectile Tech for Army
General Atomics' electromagnetic systems business has received a U.S. Army contract modification to advance hypersonic projectile technology designed to integrate with a railgun system and intercept targets in electromagnetic environments.
Read More »Lockheed Strikes $4.4B Deal for Aerojet Rocketdyne; James Taiclet, Eileen Drake Quoted
Lockheed Martin (NYSE: LMT) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.4B in a move to expand its capabilities in the areas of hypersonics, space exploration, integrated air and missile defense and tactical missiles. The deal is expected to conclude in the second half of 2021, subject to approval by Aerojet Rocketdyne’s stockholders, regulatory clearances and other customary closing conditions.
Read More »Northrop to Support NASA UAS Data Collection Test Under $70M Contract
Northrop Grumman (NYSE: NOC) has landed a five-year, $70M contract to help NASA's Armstrong Flight Research Center integrate sensor technology onto unmanned aircraft. The company will perform engineering, production and technical services under the Global Hawk Skyrange program aimed at demonstrating an alternative approach to collect data with the high-altitude, long-endurance aircraft, the agency said Wednesday.
Read More »Baird Hosts 2020 Government & Defense Conference Featuring John Song, Jean Stack
Baird hosted its 2020 Government & Defense Conference on Thursday, a full day virtual event featuring a wide variety of experts across government, academia and industry to present their insights regarding the latest M&A trends and market value drivers influencing the defense and federal market. Jean Stack also highlighted market themes, including 5G, space, directed energy, electronic warfare, hypersonics and cyber
Read More »Battelle Wins $46M Contract to Manufacture Thermal Protection Materials
Battelle has won a potential seven-year, $46.3 million contract to help the Department of Defense (DoD) manufacture thermal protection materials that withstand extreme hypersonic environments. The Manufacturing of Carbon/Carbon Composites for Hypersonic Applications (MOC3HA) initiative will mature and integrate manufacturing to expedite the production of carbon/carbon composites.
Read More »DC Capital Aims to Help HTSI Grow Gov’t Footprint via Strategic Partnership
Private equity firm DC Capital Partners has entered into a strategic partnership agreement with Huntsville, Alabama-based system engineering company Hill Technical Solutions Inc. aimed at helping expand the latter's customer base and support work in the government sector.
Read More »James Taiclet: Hypersonic Weapons Programs Drive Growth in Lockheed’s Space Segment
James Taiclet, president and CEO of Lockheed Martin (NYSE: LMT), said the company saw earnings growth in the space segment and attributed the increase to hypersonic weapons programs, Defense News reported Tuesday.
Read More »AFRL Issues RFI for ‘Mayhem’ Hypersonic Weapon R&D Program
The U.S. Air Force Research Laboratory is looking for potential sources of research and development services to support the Air Force’s efforts to deploy a hypersonic air-breathing demonstrator weapon.
Read More »Air Force Selects Boeing, Lockheed, Raytheon Technologies for Hypersonic Cruise Missile Tech Design Program
The U.S. Air Force has indicated its intent to solicit design proposals from Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX) for a hypersonic cruise missile technology that can be launched from a fighter or a bomber aircraft.
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