Business

Northrop foundation Space Camp scholarships promote space exploration, STEM

Posted July 18, 2016 by

The Northrop Grumman Foundation has sponsored scholarships for middle school students and teachers from across the United States, the United Kingdom and Australia to attend Space Camp® July 24-29 at the U.S. Space and Rocket Center® in Huntsville, Ala. This is the eighth year that the Northrop Grumman Foundation has funded Space Camp® scholarships. Included…

Full Story »

Business

Lockheed Martin establishes rotary, mission systems business area

Posted August 5, 2016 by

Lockheed Martin has renamed its Mission Systems and Training business area, establishing Rotary and Mission Systems to reflect the recent growth of the business following the acquisition of Sikorsky and realignment of other parts of the company. The Rotary and Mission Systems portfolio features more than 1,000 programs, including helicopters, integrated air and missile defense,…

Full Story »

Business

Raytheon awarded US Navy MK 54 torpedo contract

Posted August 29, 2016 by

Raytheon has been awarded a $37,723,774 firm-fixed-price, fixed-price-incentive, cost and cost-plus-fixed-fee contract for the procurement of MK 54 lightweight torpedo common parts kits; MK 54 Mod 0 lightweight torpedo kits; and MK 54 exercise fuel tanks, spares, production support material, engineering support, and hardware repair support. This contract includes options which, if exercised, would bring…

Full Story »

Business

Lockheed Martin’s Sniper ATP continues platform expansion with Eurofighter Typhoon

Posted September 28, 2016 by

Lockheed Martin has received a direct commercial sale contract for the integration of Sniper® Advanced Targeting Pods onto the Eurofighter Typhoon swing-role fighter. The contract, signed with Eurofighter partner company Leonardo Aircraft, includes 18 pods, integration and logistics support for the Kuwait Air Force’s Eurofighter Typhoon. The Eurofighter Typhoon is the ninth aircraft platform to…

Full Story »

Business

General Dynamics awarded contracts for Hydra-70 rocket program

Posted October 19, 2016 by

General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics, was recently awarded two contract modifications by the U.S. Army Contracting Command in Redstone Arsenal, Ala., for production of the 2.75″/70mm Hydra-70 air-to-ground rocket system for U.S. military services and Foreign Military Sales customers. The option exercised is part of a supplies contract…

Full Story »

Business

Lockheed Martin transforms training, logistics business

Posted December 2, 2016 by

Lockheed Martin has announced a refocusing of their Training and Logistics Solutions business at Nov. 28 Interservice/Industry Training, Simulation and Education Conference at the Orange County Convention Center in Orlando, Fla. Lockheed Martin is leveraging core components of the most advanced and proven solutions across its training and logistics portfolio to drive scalable capabilities to…

Full Story »

Business

Patriot nation awards Raytheon more than $600 million to upgrade missile defense system

Posted December 30, 2016 by

An undisclosed member of the 13 nations which owns and operates the combat-proven Patriot Integrated Air and Missile Defense System has awarded Raytheon a direct commercial sales contract worth more than $600 million to upgrade the system to the most current configuration. “Patriot saves lives,” said Ralph Acaba, Raytheon vice president of Integrated Air and…

Full Story »

Business

General Dynamics NASSCO begins construction on 5th ship in program for U.S. Navy

Posted January 27, 2017 by

General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, has began construction on a fifth ship for the U.S. Navy’s Expeditionary Transfer Dock/Expeditionary Sea Base program. Designed to provide advanced flexibility and capability for sea-to-shore missions, the newest ESB will include a 52,000 square-foot flight deck, fuel and equipment storage, repair spaces, magazines, mission…

Full Story »

XTI-aircraft
Business

XTI Aircraft, Bye Aerospace form alliance on hybrid/electric vertical takeoff airplane

Posted March 6, 2017 by

XTI Aircraft Company and Bye Aerospace, Inc. jointly announced March 6 that the two companies have entered into an agreement to develop a hybrid/electric prototype of XTI’s revolutionary TriFan vertical takeoff airplane. “We’re continuing with our plan,” said Robert J. LaBelle, XTI’s chief executive officer, “but we’ve made two important changes. First, with the engineering expertise…

Full Story »

Business

New electric gun for Phalanx Close-In Weapon System passes first test

Posted April 5, 2017 by

YUMA PROVING GROUND, Ariz.–Raytheon has successfully tested a new electric gun for the Phalanx Close-In Weapon System. The upgrade allows soldiers and sailors to fire at varying rates, which uses less ammunition. Phalanx is a rapid-fire, computer-controlled radar and 20 mm gun system that automatically acquires, tracks and destroys enemy threats that have penetrated all…

Full Story »


All of this week's top headlines to your email every Friday.