Boeing announced an agreement to acquire Solutions Made Simple Inc. (SMSi), an information services provider for the U.S. government and the Intelligence Community.
Category Archives: Business News
Global UAS Market Worth $7.1 Billion in 2011 is Growing by 4% Annually
The Global Unmanned Aircraft Systems Market, worth an estimated US $7.1 billion this year, is expected to grow by 4% over the next ten years, reaching US $10.5 billion in 2021, according to a new report.
New Chairman for Northrop Grumman
The board of directors of Northrop Grumman Corporation elected Wes Bush as its chairman, effective immediately. Bush will serve as chairman, chief executive officer and president. Bush succeeds Lewis W. Coleman, who has served as non-executive chairman since January 2010.
Textron Reports Second Quarter Results
Textron Inc. reported second quarter 2011 Revenues of $2.7 billion, up $19 million from the second quarter of 2010. Segment profit was $196 million, up $35 million from the year-ago quarter.
New Director of UAS Initiatives for Kratos Technology and Training
Kratos Defense & Security Solutions, Inc. a National Security Solutions provider, announced that Clement “Clem” Greek has joined the company as Director of Army Aviation and Unmanned Aircraft Systems (UAS) Initiatives for Kratos Technology & Training Solutions (TTS).
US Navy Awards Neany $20M Contract for Persistent Surveillance UAS
The US Navy has awarded North Eastern Aeronautical Company, Inc. (Neany) a $19,998,314 cost-plus-fixed-fee contract for the Persistent Surveillance Unmanned Aerial System (PSUAS).
US Army Gives Lockheed Martin $47M Procurement Contract
Lockheed Martin, Mission System & Sensors, Owego, N.Y., was awarded a $47,000,000 cost-plus-fixed-fee contract. The award will provide for procurement of autonomous technologies for unmanned aerial systems to maximize performance requirements and capabilities with mature technologies.
L-3 Communications gets $28M ARGUS Data Link Contract from US Air Force
The US Air Force has awarded L-3 Communications Corp., Salt Lake City, Utah, a $27,936,509 cost-plus-fixed-fee contract in direct support of data link communications activities including the Automated Real-Time Ground Ubiquitous Surveillance (ARGUS)-Imaging System.