Archives :: Market Sectors :: Business
September 4, 2008
By Geoff Fein Lockheed Martin [LMT] and L-3 [LLL] have been awarded contracts to provide replacement outer wing kits for the Navy's P-3 Orion aircraft, 39 of which were grounded last year due critical structural fatigue. On Aug. 26, the Navy announced...
http://defensedaily.com/sectors/business/3864.html
September 3, 2008
ATK [ATK] Tuesday said that it has been awarded a $97 million contract for the design, development, integration, and test of the Multi-Stage Supersonic Target (MSST) by the Naval Air Systems Command, Patuxent River, Maryland, the company reported. With...
http://defensedaily.com/sectors/business/3845.html
September 3, 2008
Lockheed Martin's [LMT] new Aegis Open Architecture Weapon System came to life last month--on schedule and as planned--aboard the Navy's guided missile cruiser USS Bunker Hill (CG-52), the company reported. The Aegis open architecture configuration was...
http://defensedaily.com/sectors/business/3847.html
September 3, 2008
iRobot (IRBT) yesterday announced it has been awarded a five-year, $200 million ceiling priced Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract for service orders for military robots, spare parts, training and repair services. The award, from the Army...
http://defensedaily.com/sectors/business/3849.html
September 2, 2008
The Department of Justice and Federal Trade Commission last week granted early termination of an anti-trust review period of Italian aerospace and defense company Finmeccanica's pending $4 billion acquisition of DRS Technologies [DRS]...
http://defensedaily.com/sectors/business/3809.html
August 29, 2008
By Geoff Fein Fredericksburg, Va.-based SimVentions is the driving force behind a plan to develop a technology center bringing together small companies and universities to collaborate on defense contracts, according to a company official. "The main...
http://defensedaily.com/sectors/business/3801.html
August 28, 2008
By Ann Roosevelt The next administration must invest in defense for a full spectrum military or "risk falling behind other global powers," according to a new report from the Aerospace Industries Association (AIA). AIA has looked at the macro issues...
http://defensedaily.com/sectors/business/3780.html
August 28, 2008
By Emelie Rutherford Rep. Joe Sestak (D-Pa.), a former three-star Navy admiral, said he hopes the service's recent decision to seek one more DDG-1000 destroyer next year will give him more time to gather the intelligence and analysis driving the Navy's...
http://defensedaily.com/sectors/business/3782.html
August 28, 2008
By Ann Roosevelt Boeing [BA] and Northrop Grumman [NOC] were awarded options to continue advancing work on a High Energy Laser Technology Demonstrator (HEL TD) able to counter rockets, artillery and mortars (RAM). The Army Space and Missile Defense...
http://defensedaily.com/sectors/business/3783.html
August 28, 2008
By Geoff Fein The Navy's first Littoral Combat Ship (LCS) came through its first round of acceptance trials, receiving fewer trial cards than many first of class surface combatants get during their Navy Board of Inspection (InSurv) test. Pre Commission Unit...
http://defensedaily.com/sectors/business/3784.html
August 28, 2008
By Calvin Biesecker Serco Group said yesterday that its United States-based division Serco Inc., has agreed to acquire federal services provider SI International [SINT] for $423 million in cash in a deal that would create a $1 billion-plus federal contractor...
http://defensedaily.com/sectors/business/3785.html
August 27, 2008
By Geoff Fein While there has been much speculation over how many more DDG-51s the Navy might ask for in its new path forward for surface combatants, a top Raytheon [RTN] official notes the program of record still calls for seven DDG-1000 Zumwalt-class ships...
http://defensedaily.com/sectors/business/3773.html
August 27, 2008
The Navy Monday conducted a successful test launch of two unarmed Trident II D-5 Fleet Ballistic Missiles (FBMs), Lockheed Martin [LMT] reported. The Lockheed Martin-built missiles were launched from the USS Louisiana (SSBN-743) in the Pacific Ocean. The...
http://defensedaily.com/sectors/business/3774.html
August 27, 2008
Lockheed Martin [LMT] yesterday said that it has completed its acquisition of Tenix Group's interest in RLM Holdings Pty Ltd, which had been a joint venture between Lockheed Martin and Australia's Tenix. RLM is a radar, systems engineering and logistics...
http://defensedaily.com/sectors/business/3775.html
August 26, 2008
By Calvin Biesecker The O'Gara Group, a security firm specializing in night vision equipment, training services, and armored vehicles for civil markets, last Friday filed plans with the Securities and Exchange Commission for an initial public offering (IPO)...
http://defensedaily.com/sectors/business/3766.html
August 26, 2008
The Army's TACOM Life Cycle Management Command will hold an Omnibus Industry Day Aug. 27 at Selfridge Air National Guard Base, Mich. "TARDEC has a rich history of creating successful partnerships with industry," TARDEC Director Grace Bochenek said...
http://defensedaily.com/sectors/business/3767.html
August 26, 2008
By Geoff Fein Issues with the Navy's MH-60S Airborne Mine Countermeasures (AMCM) system has led to a two-year delay in the program and landed the effort on the Pentagon's Selected Acquisition Reports (SAR) for this reporting period. But the Navy points out...
http://defensedaily.com/sectors/business/3768.html
August 26, 2008
Australia's Parliamentary Secretary for Defence Procurement Greg Combet met with the executives of the Northern Territory Australian Industry and Defence Network (AIDN) in Darwin Aug. 24 to discuss the potential for increasing local companies' involvement in...
http://defensedaily.com/sectors/business/3770.html
August 26, 2008
By Geoff Fein Although the Navy's efforts to develop the AH-1Z helicopter are now facing a two-year schedule slip, service officials point out that the UH-1Y just achieved its initial operational capability (IOC) and the first three aircraft are beginning...
http://defensedaily.com/sectors/business/3771.html
August 25, 2008
By Calvin Biesecker NASA on Friday destroyed an Alliant Techsystems [ATK] suborbital rocket carrying two experimental payloads moments after liftoff from Wallops Island, Va., after the launch vehicle veered off course and was heading out of the flight safety...
http://defensedaily.com/sectors/business/3747.html

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