Press Releases

L3Harris Technologies has been awarded a 4-year, $482 million USD performance based contract extension (PBC), with option years, to continue in-service support of the Royal Canadian Air Force’s (RCAF) CF-18 Hornet fighter aircraft fleet until its retirement that is currently estimated to occur in 2032. Under a Sustainment Business Case Analysis process, the four Sustainment Initiative principles of Performance, Value for Money, Flexibility, and Economic Benefits were the drive

L&T Technology Services Limited, a global leading pure-play engineering services company, has garnered a multi-year $100 million+ electric air mobility deal from Jaunt Air Mobility (Jaunt). As part of the contract, LTTS will open an Engineering and R&D Centre in Québec Province for the next-gen electric aircraft manufacturer to provide engineering services for the Jaunt Journey eVTOL (electric Vertical Takeoff and Landing) air taxi. Under the purview of Jaunt's Ur

SciTec, Inc., a non-traditional small business, was recently awarded separate contract vehicles supporting development of advanced capabilities in two of the DoD's major technology initiatives: Joint All Domain Command and Control (JADC2) and Artificial Intelligence (AI). The first, awarded March 14, 2022, by the Air Force Life Cycle Management Center (AFLCMC) for Advance Battle Management System (ABMS) supports the maturation, demonstration, and proliferation of capabilities ac

Viasat Inc., a global leader in satellite communications, today announced it has joined the Space Cluster on the Harwell Science and Innovation Campus as it seeks new technology and research partnerships in the UK. Harwell is home to the largest concentration of space expertise in the UK, with more than 1,400 people employed across over 100 private and public sector organizations, including the UK Space Agency and the European Space Agency. Harwell estimates that the space industry

Alpine Air Express, Inc., a leading regional air cargo carrier providing critical air infrastructure supporting a wide range of integrated logistics operations throughout North America, announced that it has acquired Suburban Air Freight Inc. ("Suburban"). Terms of the transaction were not disclosed. This strategic addition marks Alpine's second acquisition since becoming a portfolio company of AE Industrial Partners, LP ("AEI"), a private equity firm special

Griffon Corporation has entered into a definitive agreement to sell Telephonics Corporation (“Telephonics”) to TTM Technologies, Inc. (“TTM”) (NASDAQ:TTMI) for $330 million in cash. The transaction is expected to close within the second calendar quarter of 2022, subject to certain closing conditions and regulatory approvals. “We are pleased to announce the sale of Telephonics. This transaction will increase long-term value for our shareholders by streng

Flyer Defense, LLC is strengthening its reputation as one of the most reliable internally air transportable light tactical mobility vehicles on the market with the start of production on its single largest direct commercial sales contract to date. In partnership with the International Golden Group (IGG) in the United Arab Emirates, Flyer Defense completed initial shipment of its highly configurable Flyer 72 vehicle to the UAE Armed Forces and is set to enter full rate production by

Elbit Systems UK and KBR Inc's joint venture, Affinity Flying Training Services Ltd (Affinity), has embarked on a series of battery-powered flight tests for the UK Ministry of Defence to assess the feasibility of environmentally friendly alternatives to current military aircraft. The concept of trialling zero emissions aircraft, and the subsequent pathfinder, was brought to the Ministry of Defence by Elbit Systems UK through its joint venture with KBR Inc, Affinity. The introduc

Amentum has been awarded a five-year contract with a maximum value of $260 million by the Department of Homeland Security (DHS) Science & Technology Directorate (S&T) to develop and deploy emerging capabilities and prototypes for countering unmanned systems threats (C-UST). Amentum was awarded this contract under the Department of Defense Information Analysis Center’s (DoD IAC) multiple-award contract (MAC) vehicle. These DoD IAC MAC task orders are awarded by the U.S. Air Force

Spirit AeroSystems Holdings, Inc. today announced a contract award from The Boeing Company to provide engine pylons and nacelles for the initial phase of the B-52 Commercial Engine Replacement Program (CERP). The total CERP effort is expected to replace 608 engines on the U.S. Air Force fleet of B-52H models. As part of the CERP contract, Spirit will support extending the life of the B-52 Stratofortress through at least 2050. The B-52 first entered the U.S. Air Force fleet in 1955.

Triumph Group announced that it was awarded a multi-year contract from Raytheon Intelligence & Space, a Raytheon Technologies business, to deliver air inlet and exhaust electro-mechanical door actuators and an advanced electronic control system for the Next Generation Jammer Mid-Band (NGJ-MB) pod.  The contract covers production demand for LRIP lots I and II as well as non-recurring engineering for product and producibility enhancement. The work will be performed at Triumph's Act

PCX Aerosystems, LLC ("PCX"), a market-leading producer of advanced mechanical systems for the aerospace industry, today announced the April 1, 2022 acquisition of Honematic Machine Corporation  ("HMC" or "Honematic") from the Cusimano family, whose stewardship of HMC began in 1992.  HMC is a leading supplier of extendable refueling probes for the rotorcraft market.  In addition to supplying fully tested complex assemblies, HMC excels in precision,

L3Harris Technologies has been awarded $117 million for option-year three of a U.S. Space Force and U.S. Space Command contract to continue maintaining and modernizing infrastructure to track objects in space. The Maintenance Of Space Situational Awareness Integrated Capabilities (MOSSAIC) program has an estimated contract value of $1.2 billion over 10 years. L3Harris won the initial MOSSAIC contract in February 2020 to maintain and upgrade radar and optical sensors and command and

Arcfield Canada Corp., a wholly owned subsidiary of Arcfield, has been awarded a two-year contract extension by the Department of National Defence to provide engineering and logistics support services for the Royal Canadian Air Force's (RCAF) CF-18 Avionics (AVS) Optimized Weapon System Support (OWSS) program. The award, which represents follow-on work for the company, has a total value of US$39.7 million (CA$50 million) Under the contract extension, Arcfield Canada will continu

Redwire Corporation, a leader in space infrastructure for the next generation space economy, announced today it has been selected by the U.S. Air Force to compete for task orders alongside several other companies under an indefinite delivery/indefinite quantity (IDIQ) contract to support its Advanced Battle Management System (ABMS). This program is the Air Force’s contribution to the Department of Defense’s (DOD) Joint All Domain Command and Control Architecture (JADC2), which foc