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BAE, DRS Win Contracts to Produce Weapon Sights Tech for US Army

BAE Systems‘ U.S. subsidiary and DRS Technologies have won separate multiyear contracts worth $384 million and $337.7 million, respectively, to provide crew-served weapon sights systems to the U.S. Army. The military branch received three bids for the procurement program and will provide funds and performance locations upon issuance of each order, the Defense Department said Monday. …

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Level 3 Signs $5B Cash-and-Stock Deal to Buy TW Telecom; Jeff Storey Comments

Level 3 Communications (NYSE: LVLT) has agreed to purchase tw telecom (NASDAQ: TWTC) for approximately $5.3 billion in cash and stock as Level 3 looks to expand its share of the telecommunications and Internet services market. Tw telecom stockholders would receive 0.7 shares in Level 3 plus $10 cash for …

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Google Acquires Solar-Powered UAV Maker Titan Aerospace

Google has purchased New Mexico-based unmanned aerial vehicle manufacturer Titan Aerospace for an undisclosed amount as the search giant seeks to build up its image collection and remote area access offerings, the Wall Street Journal reported Monday. Alistair Barr and Reed Albergotti write that Titan’s nearly 20 employees will remain …

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Former FCC Chair Julius Genachowski to Help Carlyle Group Manage Tech Investments

Julius Genachowski, chairman of the Federal Communications Commission between June 2009 and May 2013, has joined private equity firm The Carlyle Group as a managing director and partner for the U.S. buyout team. Genachowski will work out of Washington and help the firm identify opportunities to investment in the global …

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AT&T to Install Private Network at HUD Sites; Kay Kapoor Comments

AT&T‘s (NYSE: T) federal government unit has won a potential $31 million contract to connect 93 Department of Housing and Urban Development facilities to a managed virtual private network. HUD awarded the contract as part of a network modernization initiative aimed at moving the agency away from a frame relay network toward …

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Hughes Unveils New VoIP Offering; Mike Cook Comments

Hughes Network Systems has introduced a new voice over Internet protocol service as part of company efforts to expand its global offerings. HughesNet Voice, which works to forward calls to multiple phones, uses new telephony and voicemail features intended to help customers save long distance call costs, the company said June 17. Mike …

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PAETEC to Provide Voice, Data, Internet Communications to Fort Detrick, Md.

PAETEC (NASDAQ: PAET) has been awarded a five-year contract by the U.S. Army to provide voice, data and secure Internet access network services to Fort Detrick in Frederick, Md. Fort Detrick is home to the Army’s Medical Research and Materiel Command and Medical Research Institute of Infectious Diseases, which researches and develops medical solutions to biological …

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