Raytheon has agreed to sell a majority stake in its aviation support business unit to the Veritas Capital Fund for approximately $270 million in cash, equity and receivables, the two companies announced today.
Friday, September 29, 2023
Friday, September 29, 2023
Key Issues SAR on SM-6 SAR on MPF SAR on F-15EX
John Liang is managing editor of InsideDefense and Inside Missile Defense. He has been with the IWP Defense Group since 1997. He holds a master's degree in international policy studies from the Middlebury Institute of International Studies at Monterey and a bachelor's degree in languages from Georgetown University.
Raytheon has agreed to sell a majority stake in its aviation support business unit to the Veritas Capital Fund for approximately $270 million in cash, equity and receivables, the two companies announced today.
The Navy has awarded Boeing subsidiary McDonnell Douglas a five-year, $381 million contract to supply parts for the F/A-18 and AV-8 aircraft, the Pentagon announced today.
Alliant Techsystems yesterday announced it is in the home stretch of its pending $685 million purchase of Alcoa's Thiokol Propulsion business unit.
The Senate last night rejected an amendment to the fiscal year 2002 budget resolution that would have increased the defense budget by $100 billion over the next decade.
Lockheed Martin has won a $180 million follow-on subcontract to build components for nine additional Japanese F-2 fighter aircraft, the company announced yesterday.
Boeing announced yesterday that it delivered 17 military aircraft in the first quarter of 2001, down from 24 in the same quarter of last year.
The Energy Department should develop better procedures for erasing sensitive data from computers before they are disposed of, the General Accounting Office contends in a report released today.
Orbital Sciences Corp. today announced that it will delay the filing of its annual report until April 16, citing a need for more time to analyze the impact of NASA's recent decision to cancel an $85 million contract for the X-34 reusable launch vehicle.
Defense contractors should not have to spend their own money when developing weapon systems for the Defense Department, a former Pentagon chief tester said today.
The team of defense contractors developing the Air Force's Space-Based Laser Integrated Flight Experiment (SBL-IFX) has successfully completed a system requirements review, the joint venture announced today.
The Army should halt production of its high-tech combat identification system until it can prove the program is affordable, the Defense Department inspector general recommends in a new report.
The Army's Tank-Automotive and Armaments Command has awarded General Dynamics Land Systems a $741 million, multiyear contract to deliver 307 upgraded M1A2 Abrams tanks, the company announced today.
Federal Trade Commission officials have given the green light to Northrop Grumman's merger with Litton Corp., Northrop Grumman announced today.
Lockheed Martin Space Systems today announced the successful test of a component of the Airborne Laser's Beam Control/Fire Control system.
The General Accounting Office has found serious problems with the Pentagon's central program for promoting and enhancing department-wide information security, according to a new report released today.
Rep. Ike Skelton (D-MO) today threw his hat in the homeland security ring by introducing legislation he says would help the United States prepare a strategy to defend against domestic terrorist attacks.
The General Accounting Office has upheld a protest filed by GTSI Corp. of a Maxi-Minis and Databases (MMAD-1) contract decision, the company announced yesterday.
Boeing's newly minted CEO for its military aircraft and missiles business unit last week challenged the Defense Department to move toward a two-year funding cycle as part of a broader acquisition reform effort.
Retired Marine Corps Gen. Anthony Zinni has joined BAE Systems North America's board of directors, the company announced today.
Northrop Grumman today moved a step closer to finalizing its merger with Litton Industries with an announcement that the European Commission has approved the acquisition.