Business

MTS to acquire Sensor Producer PCB Group for $580 million

Posted April 6, 2016 by

MTS Systems Corporation, a leading global supplier of high-performance test systems and position sensors, announced April 6 that it has entered into a definitive purchase agreement where MTS Systems Corporation will acquire 100 percent of PCB Group Inc. for $580 million through a merger of a newly formed subsidiary of MTS into PCB, with PCB…

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Business

Contract Briefs

Posted April 6, 2016 by

Boeing Directed Energy and Strategic Systems, Albuquerque, N.M., has been awarded a $275,000,000 indefinite-delivery/indefinite-quantity contract for research, engineering, and program management to advance scientific and technical knowledge of ground-based space-superiority capabilities and technology, and then apply and transition that knowledge to achieve Air Force and national goals. Work will be performed at Kirtland Air Force…

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Business

AAR to distribute defense parts for UTC Aerospace Systems

Posted April 6, 2016 by

AAR has entered into an agreement with UTC Aerospace Systems, one of the world’s largest suppliers of technologically advanced aerospace and defense products, to manage distribution requirements and to stock inventory of defense parts in support of Japanese military aircraft In Japan. AAR is among the world’s leading providers of aftermarket aircraft parts and inventory…

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Business

U.S. Army awards Raytheon, DRS $56 million to develop next-gen infrared night vision

Posted April 6, 2016 by

The U.S. Army awarded $56 million to the team of Raytheon, and DRS Technologies to engineer, manufacture and develop the 3rd Generation Forward Looking Infrared B-Kit, an upgrade to night vision equipment that will allow ground troops to discriminate between friend or foe at twice the distance of current systems. The next generation B-Kit is…

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Business

MB Aerospace Group acquires of Centrax Turbine Components

Posted April 4, 2016 by

International aerospace engineering group MB Aerospace has completed its latest acquisition, of Centrax Turbine Components based in Devon, England. It is the first acquisition for MB Aerospace following recent investment support from new private equity partner Blackstone and will see the 430-staff turbine components firm, part of the wider Centrax Group, rebranded MB Aerospace Newton…

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Business

Boeing, Ryanair celebrate milestone delivery of Airline’s 400th Next-Generation 737-800

Posted April 4, 2016 by

Boeing and Ryanair marked a milestone April 4 with the delivery of the airline’s 400th Next-Generation 737-800. The Irish low-cost carrier operates the largest fleet of Next-Generation 737-800s in the world. “The Boeing 737-800 aircraft, with its industry leading technical reliability and seating capacity, has been the foundation upon which our successful and safe growth…

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Business

Contract Briefs

Posted April 4, 2016 by

Veterans Technology, Huntsville, Ala., is being awarded a $128,846,565 cost-plus-fixed-fee and cost-plus-incentive-fee contract for advisory and assistance services for business operations in support of technical, engineering, advisory and management support.  This contract provides support for the development, implementation, sustainment, and execution of both Ballistic Missile Defense System and program-level strategic planning and financial management; cost…

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Business

Lockheed Martin-led team awarded contract to build LCS 25

Posted April 1, 2016 by

The U.S. Navy has awarded the Lockheed Martin-led industry team a contract for one fully funded Freedom-class Littoral Combat Ship. The contract award includes funding for seaframe construction, systems integration and testing. Leveraging savings from its block buy contract, the U.S. Navy exercised an option to build an additional Freedom-class LCS under its current block…

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Lockheed Martin photograph
Business

Lockheed Martin restarts production of tactical missile system at Arkansas facility

Posted March 30, 2016 by

Lockheed Martin photograph A Lockheed Martin TACMS missile blasts away from its launcher during a test flight at White Sands Missile Range, N.M. Lockheed Martin has restarted its Tactical Missile System production line at the company’s facility in Camden, Ark. For more than 20 years, TACMS (formerly ATACMS) was assembled on-budget and on- or ahead…

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Business

India to acquire Raytheon Stinger missiles

Posted March 30, 2016 by

The Indian Ministry of Defence has signed an agreement with the U.S. Department of Defense to acquire Stinger air-to-air missiles made by Raytheon. As part of the deal, India will receive 245 Stinger air-to-air missiles, as along with launchers and engineering support. “India joins nations around the globe who recognize that air-to-air Stinger can be…

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