Terms of the acquisition include the shipbuilder paying a fixed fee of €300 million ($323 million), and “based on certain growth assumptions,” an additional €115 ($124 million) directly relating to performance of the underwater armaments business this year.
By Tim MartinAirbus would also likely respond to a recent request for information on drone capabilities that could replace the Navy’s MQ-8C Fire Scout uncrewed helicopters, said CEO of Airbus U.S. Space and Defense Rob Geckle.
By Valerie InsinnaLockheed Martin alleged in court filings that Howmet cut off the supply of titanium after the aerospace giant refused to agree to higher prices, threatening production of the F-35.
By Michael MarrowThe new project, called Maru, “will provide the means to replace legacy applications and to integrate modernized exploitation capabilities for the IC, DoD and our international partners,” the NGA spokesperson told Breaking Defense.
By Theresa HitchensCalio has overseen the reorganization of RTX into three business units, and has said the company will further de-emphasize its role as a space prime contractor.
By Valerie InsinnaDavid Harel, CEO of the Israeli firm Asio Technologies, told Breaking Defense his company’s Orion device has deployed by the thousands with Israeli soldiers in Gaza.
By Seth J. Frantzman“Right now, you and I can go to a Cabela’s, we can buy a radio, we can go to a trade show, put it out on a table, and we can say it’s a form of resilient communication, because there’s no standard,” Samir Mehta said. “It’s time that we have a standard.”
By Aaron MehtaRep. Elise Stefanik criticized the Air Force’s decision to terminate a fellowship program that paired DoD personnel with the private sector as “shortsighted and misguided,”
By Valerie InsinnaSpace industry analyst Todd Harrison said the $3.1 billion purchase is latest in a “shakeup” in the satellite communications landscape following the proliferation of LEO birds.
By Theresa HitchensThrough the deal, Boeing’s litigation with supplier GKN Aerospace will be dropped, and the aerospace giant will take possession of a St. Louis-area factory it used to own.
By Michael Marrow“To the extent we can get a good price for what we’ve identified as non-core [businesses], we’ll do it. But too many of the offers are coming in low and people think we’re desperate to sell, and I can assure you we’re not,” said L3Harris CEO Chris Kubasik.
By Michael MarrowKruger had been serving as interim president since former chief Rusty Murdaugh resigned last spring.
By Justin Katz
In this op-ed, Bill Greenwalt of AEI pushes back on Navy Secretary Carlos Del Toro’s recent criticisms of industry.
By William C. Greenwalt