« Archive »

Defense Daily, Wednesday, January 9, 2019, Vol. 281, Issue 5

Thornberry: $750 Billion 'Reasonable' for DoD FY '20 Topline

The now ranking Republican on the House Armed Services Committee (HASC) has signalled his support for a $750 billion topline for the Pentagon’s fiscal year 2020 budget request, one of the highest estimates to emerge in recent reports. Rep. Mac Thornberry (R-Texas), who chaired HASC from 2014 until the Democrats took back the House earlier…

Parsons Acquires OGSystems, Adding New Capabilities And Customers

Parsons on Monday evening said it has acquired OGSystems, giving it new capabilities in geospatial intelligence, insider threat detection, counter-intelligence, data analytics and engineering, and adds new federal customers. Terms of the deal were not disclosed. OGSystems has about 400 employees and Parsons’ federal business, with the new acquisition, now has 6,000 employees, Carey Smith,…

Aerospace Industry Urging Lawmakers to End Partial Government Shutdown

The partial government shutdown affecting about a quarter of U.S. government agencies is over two weeks old, and industry advocates are beginning to sound the alarm on its potential effects for aerospace programs. The Aerospace Industries Association (AIA) issued a statement Tuesday calling for Congress and Trump to reach “an immediate resolution and reopen the…

SECNAV Assures Trump 'You Can Fire Me' If Carrier Elevators Not Fixed By Summer

Secretary of the Navy Richard Spencer on Tuesday said he recently assured President Trump the weapons elevators on the aircraft carrier USS Gerald R. Ford (CVN-78) will be ready by the summer when the ship completes its year-long post-shakedown availability (PSA) or he can be fired. Spencer made the remarks at a Center for a…

Aerospace And Defense Industry Dealmakers Remain Positive On Economy, M&A Activity, Survey Shows.

The outlook for the economy and mergers and acquisitions (M&A) in the aerospace, defense and government services industries remains solid for 2019, according to the results of a survey of dealmakers by the investment banking firm KippsDeSanto released on Tuesday. Around 50 percent of responders expect M&A activity in 2019 to remain the same as…

Leonardo DRS Receive $79.6 Million Trophy APS Order, Offering Light Version For Bradleys And Stykers

Leonardo DRS and Israel’s Rafael have received a $79.6 million TROPHY active protection system order for Army and Marine Corps Abrams tanks, the companies said Tuesday, as they continue to push a lighter version of the capability for Bradleys and Strykers. The latest deal for the TROPHY APS brings the total value of the program…