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Tag Archives: Missile Defense

Lockheed, MBDA Form JV as Team Negotiates German Missile Defense System Contract

TYSONS CORNER, VA, March 9, 2018 — Lockheed Martin (NYSE: LMT) has created a joint venture with MBDA as part of efforts to negotiate a contract with Germany’s military procurement office to build the country’s future integrated air and missile defense system, ExecutiveBiz reported Thursday. MBDA said Thursday the TLVS joint …

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State Dept OKs Sweden’s Request for $3.2B in Patriot Missile Systems

The State Department has approved Sweden’s request to buy Patriot missile systems and related services from the U.S. government under a potential $3.2 billion foreign military sales agreement. Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) will serve as prime contractors in the proposed FMS deal that covers the procurement of four Patriot Configuration-3+ modernized …

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Raytheon Lands $2.3B Army Contract for Patriot System-of-Systems Engineering Services

Raytheon (NYSE: RTN) has received a potential five-year, $2.30 billion contract from the U.S. Army to provide system-of-systems engineering support for Phased Array Tracking Radar Intercept on Target weapons. The Defense Department said Tuesday Raytheon will support Patriot-related software and refresh systems deployed outside the continental U.S. and partner countries. Patriot is a missile defense system composed of …

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PwC: Global Aerospace, Defense M&A Hit $72B in 2017

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Significant …

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Northrop Gets $445M Air Force Contract for Large Aircraft IR Countermeasure Support

Northrop Grumman (NYSE: NOC) has received a potential five-year, $444.6 million contract from the U.S. Air Force for support work on AAQ-24 large aircraft infrared countermeasure systems. The Defense Department said Wednesday the contract covers repair of 34 national stock numbers and includes $17.2 million in foreign military sales to Canada and Bahrain. Northrop …

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CH2M-Merrick JV to Support Design of MDA Missile Defense Facilities

TYSONS CORNER, VA, Dec. 7, 2017 — The CH2M and Merrick joint venture will work with the U.S. Army‘s Engineering and Support Center in Huntsville, Alabama, to provide design and engineering services for Missile Defense Agency facilities, ExecutiveBiz reported Wednesday. The JV will perform studies and other activities on the design of tactical and tactical-support missile …

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Raytheon Unveils US-Romania Agreement on Potential Patriot Missile System Sale

TYSONS CORNER, VA, Dec. 1, 2017 — Raytheon (NYSE: RTN) is looking to supply the Patriot integrated air and missile defense system for Romania after the country submitted a letter of offer and acceptance for the platform to the U.S. Army, ExecutiveBiz reported Thursday. The company said Wednesday the agreement works …

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Report: UAE, Lockheed Seal $1.6B F-16 Upgrade Deal

Lockheed Martin (NYSE: LMT) has secured a potential $1.6 billion order to perform upgrades to the United Arab Emirates’ F-16 fighter aircraft, The National reported Sunday. The report said UAE’s armed forces entered numerous defense deals with U.S. companies, which include an agreement for Lockheed to modernize 80 F-16s. Lockheed CEO …

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Boeing, MDA Load 44th Interceptor Onto Missile Defense System Silo in Alaska

TYSONS CORNER, VA, Nov. 10, 2017 — Boeing (NYSE: BA) has collaborated with the Missile Defense Agency to load the 44th interceptor onto the Ground-Based Midcourse Defense system located at Fort Greely in Alaska, ExecutiveBiz reported Wednesday. The company said Tuesday the installation marks the completion of a Defense Department goal …

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General Atomics Adds Electromechanical Tech With Syntronics Acquisition

General Atomics has purchased Fredericksburg, Virginia-based Syntronics for an undisclosed sum in a move to gain access to the latter company’s knowledge and experience in the development of electromechanical technology platforms. General Atomics said Monday it made the acquisition to expand the company’s footprint in Virginia and will run Syntronics as part …

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