Archive: Business/Financial

Lockheed Martin Chairman, President and CEO Marillyn Hewson

At White House, Defense Industry Leaders Pledge Workforce Help

As part of a new effort by President Donald Trump to improve the training and education of American workers amid rapid advances in the digital economy, aerospace and defense companies on Thursday committed themselves to new opportunities and investments to help their workforces. Boeing [BA], which has already said it would invest $300 million in […]

Apache Attack Helicopter. Photo: Boeing

Lockheed, Northrop Partnership Brings In $170 Million For Apache Radar Upgrades

The Longbow, LLC joint venture between Lockheed Martin [LMT] and Northrop Grumman [NOC] has sealed a $170.5 million deal to provide the U.S. Army and three other nations with AH-64E Apache gunship radar upgrades. Announced July 18, the contract is for Longbow fire-control radar (FCR) mast-mounted assemblies, radar electronics units (REU) and spares under lots seven […]

An artist's rendering of the future Air Force One. (Photo: Boeing)

Air Force Officially Awards Boeing $3.9 Billion For New Air Force One

The Air Force awarded Boeing [BA] a $3.9 billion contract on Tuesday to launch the engineering and manufacturing development (EMD) phase of the Presidential Aircraft Recapitalization (PAR) that will replace the current fleet of Air Force One presidential jets. In the contract announcement, the Air Force said $64 million is being obligated at award time, […]

concept-vehicle_630x410

Boeing Working With SparkCognition On Unmanned Traffic Management Solutions

Boeing [BA] on Tuesday said it is working with a small company it invested in last year to provide traffic management solutions for unmanned aircraft systems (UAS). Boeing said it and SparkCognition will apply artificial intelligence and blockchain technologies to the unmanned air traffic management system, which will track flights and create flight corridors. The […]

DHS Assistant secretary for the Office of Cyber Security and Communications. Photo: Department of Homeland Security.

In Collective Cyber Defense, Manfra Wants Public And Private Sectors Working From Same Playbooks

ARLINGTON, Va.–As the Department of Homeland Security looks to strengthen a collective defense approach to cyber security between government and industry, it is working with the private sector to help develop a mutual understanding of the roles and responsibilities of all stakeholders in preparing for and responding to incidents and events, according to a department […]

Raytheon's Patriot air and missile defense system. Photo: Raytheon

Trump Administration Pushes Arms Sales At Farnborough; Offering Patriots To Turkey

President Donald Trump on Friday approved the implementation plan of his administration’s reforms to the Conventional Arms Transfer (CAT) policy, an attempt to push more international defense trade deals. The policy change is intended to better align conventional arms transfers with U.S. national security and economic interests. The White House first announced policy changes last […]

Boeing received a $986 million award from the U.S. Air Force for services for the C-17. Photo: Air Force.

Boeing Tallies $2.1 Billion In Services Orders At Farnborough

Boeing [BA] on Monday said its Global Services segment racked up $2.1 billion in potential new orders and agreements from commercial and government customers worldwide, including a nearly $1 billion deal with the U.S. Air Force for training services for the C-17 transport aircraft. All in all, government orders and agreements are worth up to […]

A Sharktech-equipped 38 Defiant autonomous vessel testing near Metal Shark’s Jeanerette, La. headquarters. (Photo: Metal Shark)

Metal Shark And ASV Global Unveil Autonomous Boat Tech

Shipbuilder Metal Shark and autonomous vessel technology company ASV Global announced Friday they are starting to offer “Sharktech” autonomous vessels. The autonomous-enabled vessels can be custom configured for military, law enforcement agencies, fire rescue, and other applicable markets on all of Metal Shark’s 16-foot to 300-foot aluminum, steel, and composite products. The partnership will add […]

Chris Kubasik, chairman, president and CEO of L3 Technologies. Photo: L3

L3 To Acquire Two Information Security Firms Based Outside U.S.

L3 Technologies [LLL] on Wednesday said it has agreed to acquire two companies that it said will strengthen its cyber defense capabilities, particularly for intelligence and classified missions. L3 said it will pay $200 million for the companies, which will be combined as L3 Trenchant, and that the deals include a $32 million earn out […]