Hawker Beechcraft, Inc. announced Oct. 18 that it intends to emerge from Chapter 11 protection as a standalone company. Hawker Beechcraft also announced that it is no longer pursuing a transaction with Superior Aviation Beijing Co., Ltd. (Superior) because the parties could not reach agreement on the terms of a Plan Sponsorship Agreement. “We made…

The O’Gara Group, Inc. has entered into a definitive purchase agreement with BAE Systems Survivability Systems LLC to acquire BAE Systems Commercial Armored Vehicles LLC. The O’Gara Group is a global provider of security products and services. BAE Systems Commercial Armored Vehicles armors selected vehicle models for both government and commercial customers as well as…

ATK announced Oct. 17 that the U.S. Air Force awarded the company a $32 million contract to produce 30mm tactical and training ammunition. The ammunition is used by the U.S. Air Force’s A-10 Thunderbolt cannon. “We are pleased that the Air Force has selected us to arm their A-10 crews,” said Bruce DeWitt, Vice President…

Raytheon was awarded a contract from the Office of Naval Research to develop next-generation hybrid tactical generator technology for the U.S. Marine Corps. Through the Hybrid Dish/Engine Expeditionary Generator (HyDE-2G) program, ONR aims to save at least 40 percent on fuel costs compared with those of diesel fuel generators typically used to support expeditionary operations…

Virgin Galactic has taken 100 percent ownership of its sister company, The Spaceship Company, by acquiring the 30 percent stake held by Scaled Composites since TSC’s formation under a joint venture with Virgin Galactic in mid-2005. Financial terms have not been released. This acquisition marks the successful completion of a long-term strategy and signifies the…

Raytheon has been awarded a $45.3 million U.S. Navy contract to provide MK 54 lightweight torpedo hardware, test equipment, spares and related engineering and repair services for U.S. fleet inventory and in support of foreign military sales to the Royal Australian Navy and the Indian Navy. The award represents an exercised option of a current…

Lockheed Martin has marked the completion of the first F-35 Lightning II Full Mission Simulators at Marine Corps Air Station Yuma, Ariz. The air station will be home to the first operational Marine Corps F-35 squadrons worldwide. Two of six planned Joint Strike Fighter FMS systems have been installed on site. The FMS installation and…

The U.S. Navy has awarded a $459 million contract modification to General Dynamics Electric Boat to provide planning yard work and engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics. Under the terms of this award, Electric Boat will provide design, engineering and logistics support and research…