Press Releases

General Dynamics Land Systems, a business unit of General Dynamics, announced today that it was awarded a $4.6 billion fixed-price-incentive contract to produce M1A2 SEPv3 Abrams main battle tanks for the U.S. Army. Work locations and funding will be determined with each order, with an estimated completion date of June 17, 2028. The first delivery order is valued at an estimated $406 million. "We are pleased to continue our support to the Army on the modernization of

Elbit Systems Ltd announced today that its U.S. subsidiary, Elbit Systems of America, LLC ("Elbit Systems of America"), has signed a definitive agreement with an affiliate of Cerberus Capital Management, L.P. for the acquisition of Sparton Corporation ("Sparton") for a purchase price of $380 million.   The transaction is conditioned on various closing conditions, including receipt of U.S. regulatory approvals, the pursuit of which could encompass a numb

Dublin, Dec. 23, 2020 (GLOBE NEWSWIRE) -- The

New York, USA, Dec. 23, 2020 (GLOBE NEWSWIRE) -- As per a Research Dive published report, the global aerospace foam market

Vancouver, British Columbia, Dec. 21, 2020 (GLOBE NEWSWIRE) -- The Global Flame Retardant Plastic Market is projected to be worth USD 61.87 Billion by 2027, according to the current analysis by Emergen Research. The flame retardant plastic market is observing high demand attributed to the growing demand from the electrical & electronics sector. The widespre

NuWave Solutions ("NuWave"), a leading provider of data management, advanced analytics, artificial intelligence, cloud solutions and technologies to the Federal Government, announced today that it has acquired ProModel Government Services (or "the Company") from ProModel Corporation. ProModel Government Services is an agile provider of mission critical predictive and prescriptive analytic software solutions for decision support to the Department of Defense and U.S. Governm

Leading small satellite manufacturer and mission services provider Blue Canyon Technologies (“BCT” or “Blue Canyon”) announced the completion of its acquisition by Raytheon Technologies, an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. BCT now reports into Raytheon Intelligence & Space, a business of Raytheon Technologies. “Raytheon Intelligence & Space deli

The U.S. Navy has awarded L3Harris Technologies  a five-year, $496 million contract to deliver prototype tactical jamming pods designed to extend U.S. Air superiority. The Next Generation Jammer Low Band (NGJ-LB) is a high-powered, high-capacity airborne electronic warfare (EW) system. L3Harris’ single-pod solution enables extended stand-off jamming capability, covers a broad spectrum and processes an increased number of threats. The system operates seamlessly with joint

Alion Science and Technology has been awarded a $39 million task order with a 60-month period of performance to provide Rapid Technical Collection and Demonstration for the Naval Air Warfare Center Weapons Division (NAWCWD) Fleet Innovation Team (FIT). Alion 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 (TOs) are awarded by the U.S. Air Force's 774th Enterpris

Perspecta Inc., a leading U.S. government services provider, announced that it was awarded an extension of the NGEN (Next Generation Enterprise Network) contract from the U.S. Department of the Navy with a maximum ceiling value of $797 million, if all options are exercised, for continued delivery of enterprise IT services. The indefinite delivery / indefinite quantity (ID/IQ) contract includes an extension for six months of support, from Jan.1, 2021 to June 30, 2021, and three one-month optio

HALO Maritime Defense Systems, Inc. ("HALO"), a marine engineering technology company and provider of advanced engineered waterside security barrier solutions, announced today that its barriers are now protecting US, UK, and Bahrain Naval forces at Mina Salman, Bahrain.   Earlier this year, HALO successfully designed, assembled, and installed what is now the longest security barrier in the U.S. Navy:  3,800 meters (over 2 miles) of HALO's ORCA III barrier solution

Elbit Systems Ltd. announced , further to the Company's report from October 29, 2019, that it was awarded an approximately $338 million contract by the Swiss Federal Department of Defense, Civil Protection and Sport, to provide the Swiss Armed Forces with an army-wide tactical mobile Software Defined Radio ("SDR") network solution under the Telecommunications Armed Forces (TK A) digitization program, Ersa mob Komm. The contract will be performed over a period of six years.

Global Military Products, Inc. (GMP), a subsidiary of Global Ordnance, LLC (GO) has been awarded a Contract from the United States Army to provide a 155 mm Mobile Howitzer System to compete in a "shoot off" evaluation event at Yuma Proving Grounds in 2021. GMP, an industry leader in non-standard weapon systems, has partnered with our long-standing partner in Serbia, Yugoimport, to provide the highly-capable and proven NORA B-52 155mm wheeled howitzer. The United States Arm

NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Raytheon Technologies Corporation f/k/a Raytheon Company (NYSE: RTX, RTN) between February 10, 2016 and October 27, 2020, inclusive (the “Class Period”), of the important December 29, 2020 lead plaintiff deadline in

Elbit Systems Ltd. announced that it was awarded an approximately $50 million follow-on contract from the Dutch Ministry of Defence ("Dutch MOD") to supply the Royal Netherlands Army ("RNLA") with additional digital soldier and vehicular systems, expanding the soldier modernization program of the RNLA. The contract will be performed over a three-year period. Under the contract, Elbit Systems will supply digital soldier systems and vehicular integration of im