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Tag Archives: Leonardo

PwC: Aerospace & Defense Industry Reported $728B in 2017 Revenue

A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …

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Boeing, Lockheed Among ‘Eligible’ Bidders for Canadian Fighter Jet Replacement Program

Canada has named five aerospace companies that have been asked to participate in a potential $15 billion competition to produce 88 new fighter planes, Defense News reported Friday. Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT), Airbus, Dassault and Saab have been included in a list of approved suppliers that will …

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Poland Receives Applications From 5 Companies for Fighter Jet Tender Process

TYSONS CORNER, VA, Jan. 2, 2018 — Boeing (NYSE: BA), Fights on Logistics, Leonardo, Lockheed Martin (NYSE: LMT) and Saab have expressed interest to take part in Poland’s tender process for the procurement of new fighter jets by 2025, ExecutiveBiz reported Friday. Defense News reported Thursday the Polish defense ministry received the …

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BAE Closes Potential $6.7B Deal to Supply Typhoon Fighter Jets to Qatar

BAE Systems has secured a potential $6.69 billion contract to supply Qatar’s air force with 24 Eurofighter Typhoon multirole fighter jets. The company said Sunday it expects to start deliveries in late 2022 and will also provide in-service support and initial training services as a prime contractor on the contract. A consortium composed of BAE, …

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Executive Mosaic’s Weekly GovCon Round-up: October’s Biggest Contracts

Weekly Roundup October 30 – November 3 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson During October a number of contracts valued at over a billion dollars were awarded for a variety of services such as range services, construction, healthcare staffing, foreign …

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BAE Announces Reorganization Plan, Names New CTO in Series of Exec Moves

BAE Systems has announced plans to eliminate its U.K. and international platforms and services operating groups as part of a reorganization effort that will take effect on Jan. 1. The company said Tuesday it will consolidate its military air and information business, its interest in the MBDA joint venture as …

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Terry DeRosa Promoted to IAP CEO; Robert Hargis Named COO

Terry DeRosa, formerly chief financial officer of IAP Worldwide Services, has been promoted to CEO at the Cape Canaveral, Florida-based government services contractor. IAP said Thursday DeRosa held the CFO role over the past three years and led the company’s expansion and stabilization efforts as part of a company-wide reorganization in 2014. …

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Leonardo DRS to Supply IR Thermal Receivers to 5 Countries Under $82M Army FMS Modification

Leonardo DRS has received an $82.3 million contract modification from the U.S. Army to supply forward-looking infrared thermal receiver units to five countries under a foreign military sales deal. The Defense Department said Thursday the company will provide Horizontal Technology Integration second generation receivers and A- and B-Kit components to Kuwait, Iraq, Egypt, Morocco and Saudi Arabia. Work …

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Leonardo DRS Completes $150M Daylight Solutions Buy

Leonardo DRS has wrapped up its acquisition of quantum cascade laser platforms manufacturer Daylight Solutions for approximately $150 million. The transaction received regulatory approvals and clearance from Daylight Solutions’ stockholders, Leonardo said Monday. Leonardo DRS agreed to purchase 100 percent equity stake in Daylight Solutions in March in a move …

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Lockheed, Leonardo Unveil 1st F-35B Assembled in Italy

TYSONS CORNER, VA, May 8, 2017 — Lockheed Martin (NYSE: LMT), Leonardo and Italy’s defense ministry have rolled out the first short-takeoff/vertical-landing variant of the F-35 fighter jet assembled outside the U.S., ExecutiveBiz reported Friday. Lockheed said Friday it works with Leonardo to operate the Italian government-owned F-35 final assembly and …

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