Archive: Business/Financial

DSS

Army Awards $2.6 Billion Deal To Support Aviation, Missile Systems Prototype Facility

The Army has awarded Defense Systems and Solutions a potential nine-year, $2.6 billion deal to provide technical support for the Aviation and Missile Research, Development, Engineering Center’s (AMRDEC) prototype integration facility, the Pentagon announced Tuesday. Defense Systems and Solutions (DSS), a small business joint venture based in Huntsville, Alabama, will support expedited prototype development, fabrication, […]

UTC Chairman and CEO Gregory Hayes. Photo: UTC

United Technologies Plans $15 Billion In New Investments

United Technologies Corp. [UTX] on Wednesday announced $15 billion in new investments across its companies and portfolios to bolster its digital strategy and increase its manufacturing capacity and efficiencies to keep pace with growth in the U.S. and worldwide. Over five years investments will be made in research and development, accounting for $9 billion, aimed […]

Bell V280 Valor First Down Stop Flight
Amarillo, Texas May 11, 2018

Bell Opens Advanced Rotorcraft Center Near Pentagon

Foreseeing major future investment by the Defense Department in advanced vertical lift technologies, Bell [TXT] has opened up shop in the Pentagon-adjacent forest of commercial high rises where its primary competitors have owned buildings for years. Bell on May 23 cut the ribbon on its new Advanced Vertical Lift Center (AVLC) in the Crystal City […]

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BAE To Manage Electronic Warfare System For F-35

Lockheed Martin [LMT] has awarded BAE Systems a five-year deal to manage an electronic warfare (EW) system for the F-35 Joint Strike Fighter. Under the contract, announced Tuesday, BAE will handle supply chain logistics and ensure mission readiness for the AN/ASQ-239 system aboard F-35 aircraft. “As a leader in EW systems for the world’s most […]

Peter Cannito, CEO of Polaris Alpha, will be joining Parsons Federal.

Parsons Acquires Technology Solutions Provider Polaris Alpha

Parsons on Monday said it has acquired Polaris Alpha in a deal that expands its mission solutions capabilities, builds on existing customer relationships and adds new customers. Terms of the deal were not disclosed. “The acquisition of Polaris Alpha is the latest transformative move for Parsons that takes our technology solutions strategy to a new […]

Scott Whatmough, senior vice president of Engility's defense & security group

Engility Poised To Pursue Future DoD Cyber Training Contracts

Defense contractor Engility [EGL] is looking to previous experience running cyber training exercises as it considers potential bids on upcoming contracts to construct future virtualized training capabilities for cyber forces. The Army’s National Cyber Range (NCR) and Persistent Cyber Training Environment (PCTE) and Air Force’s Unified Platform programs offer an opportunity to build on tested […]

Gary-Fish

Cyber Security Firm Fishtech Group To Acquire Haystax

Fishtech Group, a provider of cloud-based cyber security services, on Monday said it has agreed to acquire Northern Virginia-based Haystax Technology in a deal that would give it a security analytics platform. Missouri-based Fishtech said the acquisition will further its “data-driven security solutions” and extend the reach of Haystax beyond clients in the homeland security and […]

Northrop Grumman Chairman and CEO Wes Bush. Photo: Northrop Grumman

Northrop Grumman Increases Dividend Again This Year

For the second time this year, Northrop Grumman [NOC] on Tuesday said it will boost its stock dividend payment as part of its capital deployment strategy. The company announced a 10 cent per share increase in its quarterly dividend payment to shareholders to $1.20 per share. The 9 percent increase, which is effective in June, […]

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Quality Technology Acquires Fusion PPT

Federal information technology services provider Quality Technology, Inc. (QuTech) on Wednesday said it acquired Fusion PPT, another federal IT services company that strengthens its capabilities in cyber security and cloud services and provides and adds news customers. Terms of the deal, the first for QuTech since its founding in 1989, were not disclosed. Fusion, which […]

Amy Rall, group vice president for Homeland Security and Critical Infrastructure at Unisys Federal. Photo: Unisys

Unisys To Begin Networking TSA Screening Systems With Pilot Effort

After being cleared in April to begin work on a security network integration program for the Transportation Security Administration (TSA), Unisys [UIS] and the agency are developing plans to first pilot the solution this summer at an airport. The pilot at Dulles International Airport, which Unisys expects will occur throughout this summer and into the […]