Tag Archives: rtx

Report: UAE Inks Purchase Deal With US for F-35 Jets, Drones

The U.S. and the United Arab Emirates have signed an agreement for the UAE to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets and up to 18 drones, Reuters reported Thursday. The F-35s are part of a potential $23 billion deal that includes the procurement of high-tech weapons systems …

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Lockheed Named Largest Contract Recipient in DOD’s Fiscal 2019 State-Level Spending Report

A state-by-state analysis of Department of Defense spending showed Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) took the first three spots on a list of top 10 contract awardees during fiscal year 2019. Lockheed received $45.6B in FY 2019 contracts, while Boeing and Northrop secured …

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Francisco Partners Closes Forcepoint Buy; Manny Rivelo Named Forcepoint CEO

Global investment firm Francisco Partners has announced the appointment of Manny Rivelo, a more than 30-year executive in security and information technology sectors, as the new CEO of Forcepoint in a string of executive appointments after it completed the acquisition of the cybersecurity platforms developer from Raytheon Technologies (NYSE: RTX). Rivelo …

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SDA Upholds Tracking Layer Tranche 0 Contract Awards to L3Harris, SpaceX

Tracking Layer Tranche 0

The Space Development Agency upheld its decision to award contracts to L3Harris Technologies (NYSE: LHX) and SpaceX to build missile tracking satellites for the proposed National Defense Space Architecture following the reevaluation of bids for the contracts, C4ISRNET reported Thursday.

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Biden to Nominate Retired Army Gen. Lloyd Austin for Defense Secretary Role

Lloyd Austin Retired General US Army

President-elect Joe Biden plans to nominate Lloyd Austin, a retired U.S. Army general, to serve as secretary of the Department of Defense, Politico reported Monday. Austin would be the first African American to lead DoD if confirmed by the Senate and sources said his selection for the top civilian post at the Pentagon could be announced as soon as Tuesday.

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TransDigm Strikes $965M Cash Deal for Cobham Aero Connectivity; Kevin Stein Quoted

Kevin Stein President and CEO TransDigm

TransDigm Group (NYSE: TDG) has agreed to acquire a Cobham subsidiary focused on providing antennas and radio systems for the aerospace end market. TransDigm will use existing cash on hand to finance the $965M acquisition of Cobham Aero Connectivity and expects the transaction to close during the third quarter of calendar year 2021, subject to regulatory clearances and other customary closing conditions.

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Raytheon Technologies to Buy Smallsat Maker Blue Canyon; Roy Azevedo Quoted

Roy Azevedo Intell

Raytheon Technologies (NYSE: RTX) has agreed to acquire small satellites provider Blue Canyon Technologies for an undisclosed sum as part of efforts to expand its platforms in support of clients’ space missions. “What makes Blue Canyon Technologies the right fit for our business is its agile, innovative culture and expertise in small satellite systems and technologies,” said Roy Azevedo, president of Raytheon Intelligence and Space and a 2020 Wash100 Award winner.

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