Tuesday, July 28, 2015 Last update: 4:33 PM
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Defense Industry News

Tuesday, July 28, 2015

  • TransDigm to Acquire PneuDraulics, Inc. --- CLEVELAND, July 28, 2015
    Posted at 2:25 PM
    TransDigm Group Incorporated (NYSE: TDG) announced today that it has entered into a definitive agreement to acquire PneuDraulics, Inc. ("PneuDraulics" or "the Company") for approximately $325 million in cash. The purchase price includes approximately $107 million of tax benefits to be realized by TransDigm over a 15 year period beginning in 2015. TransDigm expects to finance the acquisition through existing cash on hand. Located in Rancho Cucamonga, California, PneuDraulics employs approximately 275 people. The Company manufactures proprietary, highly engineered aerospace pneumatic ... read more
  • Posted at 1:48 PM
    NASA's Wallops Flight Facility Aircraft Office in Virginia has been recognized as the best small aviation program in the Federal government by the General Services Administration and the Interagency Committee for Aviation Policy. http://photos.prnewswire.com/prnvar/20081007/38461LOGO The Wallops aircraft team provides NASA and commercial platforms for worldwide airborne scientific research, technology development, cargo airlift, launch range surveillance and recovery, and remotely piloted aircraft systems and required chase operations. Bill Wrobel, director of the Wallops Flight Facility, said, "It is an honor for our aircraft office ... read more
  • Posted at 1:10 PM
    Arotech Corporation (NasdaqGM: ARTX), a provider of quality defense and security products for the military, law enforcement and homeland security markets, announced that it will release results for its second quarter ended June 30, 2015, on Monday, August 10, 2015 after the U.S. markets close. Steven Esses, President and Chief Executive Officer and Tom Paup, Chief Financial Officer, will host a conference call on Tuesday, August 11, 2015 at 9:00 am Eastern Time, to review the company's financial results and business ... read more
  • Posted at 11:30 AM
    WASHINGTON, DC -- (Marketwired) -- 07/28/15 -- Department of Justice Today, the Honourable Peter MacKay, Minister of Justice and Attorney General of Canada, met with United States Attorney General Loretta Lynch. The meeting of the two officials is the most recent example of the long-standing cooperation between Canada and the United States and of their shared commitment to keep streets and communities safe. While the meeting touched on a wide range of issues, a particular focus was placed on the global ... read more
  • Posted at 11:03 AM
    NASA has selected Wyle Laboratories Inc., of El Segundo, California, to provide biomedical, medical and health services in support of all human spaceflight programs at the agency's Johnson Space Center in Houston. The work supports ongoing research aboard the International Space Station and helps enable the journey to Mars. http://photos.prnewswire.com/prnvar/20081007/38461LOGO The Human Health and Performance contract begins Oct. 1 and has a maximum potential value of $1.44 billion, including a five-year base period followed by one three-year option and one two-year ... read more
  • Posted at 8:15 AM
    Oceus Networks Inc., the market leader in delivering agile and innovative mobile solutions, announced today that Mobility Tech Zone, the leading website dedicated to the mobile broadband industry, has recognized Xiphos® as a recipient of the 2015 LTE Visionary Award for its exceptional 4G Long Term ... read more
  • Posted at 8:00 AM
    Today Themis Computer® announced the eight drive, RES-XR5-1U rack mounted server. Designed for converged infrastructure deployments, the SWAP-ready, RES-XR5-1U-8D features two E5-2600 v3 Series Intel® Xeon® processors with up to fourteen cores per socket, 512 GB DDR4 ECC memory, eight removable 2.5 inch SATA or SAS ... read more
  • Ball Shareholders Approve Share Issuance Proposal --- BROOMFIELD, Colo., July 28, 2015
    Posted at 7:59 AM
    Today, Ball Corporation (NYSE: BLL), shareholders approved the issuance of approximately 32.3 million new shares of Ball common stock to Rexam PLC shareholders as partial consideration for the proposed acquisition of Rexam. The new Ball shares will be issued at the closing of the proposed acquisition and, together with the 407 pence cash consideration, will be issued in exchange for the cancellation of each Rexam share outstanding at the time of closing. Committed financing is already in place to cover ... read more
  • Posted at 7:09 AM
    Before being injured in Afghanistan, Brandon Dodson was an avid surfer throughout his youth in San Diego. After losing both of his legs as the result of an improvised explosive device blast while on deployment in Afghanistan, Dodson was unsure if he would ever be able to surf again. Through adaptive water sports like those offered by Wounded Warrior Project(® )(WWP), Dodson and his fellow wounded service members can get back to catching waves and being active on the water. https://photos.prnewswire.com/prnvar/20150728/247315 In ... read more
  • Posted at 6:30 AM
    PCSgrades has announced the official launch of its San Antonio-based company, an exclusive review service for current and former military families to share reliable, top quality information on neighborhoods, REALTORS(®), mortgage lenders, apartments, builders and more. Once verified as a current or former military member or spouse through the website, individuals can use the free service to read or submit reviews on vendors or communities in different categories. The site was created to ease the stress due to a PCS ... read more
  • Posted at 6:15 AM
    Fairview Microwave Inc., a supplier of on-demand microwave and RF components, has released a complete portfolio of coaxial high reliability power amplifiers with broadband frequencies ranging from 0.5 MHz to 20 GHz that can operate over extreme temperatures across -55 degrees C to +85 degrees C. These high-rel amplifiers are commonly used in demanding environments for applications involved with electronic warfare, instrumentation, military communications, radar, point-to-point radio, telecom, test & measurement, medical, and SATCOM industries. (Photo - http://photos.prnewswire.com/prnh/20150727/246508) The new families ... read more
  • Posted at 6:00 AM
    The U.S. Navy has awarded Harris Corporation (NYSE:HRS) a two-year, $29 million full-rate production contract to provide key avionics components that will enhance flight crews’ targeting capabilities on the U.S. Navy’s and Australia’s F/A-18 E/F Super Hornet fighter aircraft and EA-18G Growler electronic attack platform. ... read more
  • Posted at 6:00 AM
    Sparton Corporation (NYSE:SPA) and Ultra Electronics Holdings plc (ULE) announce that their ERAPSCO Joint Venture has been recognized by the U.S. Navy as a Tier 1 Superior Supplier. This honor is awarded to the top Department of Defense (DOD) suppliers in the nation and is based ... read more
  • Posted at 6:00 AM
    Newport Corporation (NASDAQ: NEWP) today reconfirmed that the company will release its results for the second quarter ended July 4, 2015 on Tuesday, August 4, 2015, as previously announced, and provided details for the investor conference call. President and Chief Executive Officer Robert J. Phillippy and Senior Vice President, Chief Financial Officer and Treasurer Charles F. Cargile will host the investor conference call that day at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to review the company's financial results ... read more
  • Posted at 6:00 AM
    HAUPPAUGE, NY -- (Marketwired) -- 07/28/15 -- Globecomm Systems Inc. Highlights First order of $9.7 million received 5 Year IDIQ contract including options Upgrades customer's global terminals and antennas Technology advancement improves operating efficiencies Globecomm Systems Inc., a leading provider of communications infrastructure solutions and services on a global basis, today announced that the Company has been awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract from a global multilateral organization. The IDIQ contract is for three years with two one year extension ... read more
  • Posted at 5:21 AM
    The U.S. Department of Defense has renewed its contract with Carnegie Mellon University for the Software Engineering Institute. The contract ensures that the Institute, a federally funded research and development center, will continue to support the nation's defense by advancing and transitioning the science, technologies, and practices needed to engineer and secure software systems. The SEI, which is sponsored by the Office of the Under Secretary of Defense for Acquisition, Technology, and Logistics, is the only FFRDC focusing specifically on ... read more
  • Posted at 5:05 AM
    NCI, Inc. (NASDAQ: NCIT), a leading provider of information technology (IT) and professional services and solutions to U.S. Federal Government agencies, announced today that it was awarded two task orders aggregating $6 million under the Total Engineering and Information Systems (TEIS) III contract for IT services ... read more
  • Posted at 5:00 AM
    Engility Holdings, Inc. (NYSE: EGL), today announced that TASC, an Engility company has been awarded a $67 million contract to provide systems engineering and integration (SE&I) for the U.S. Air Force Global Positioning Systems (GPS) Directorate, the agency responsible for ensuring the space-based satellite navigation system is operational. The contract, known as the GPS SE&I, has a two-year base with options to extend TASC's support to 6.5 years with a value of more than $200 million. The award represents new ... read more
  • Liberty Hall Capital Partners Acquires LaCroix Industries Inc. --- NEW YORK and KENT, Wash., July 28, 2015
    Posted at 5:00 AM
    Liberty Hall Capital Partners ("Liberty Hall"), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced today the acquisition of LaCroix Industries Inc. ("LaCroix"), a Tier II supplier of complex metallic formed and machined parts and assemblies for the global aerospace industry. LaCroix will be integrated into Accurus Aerospace Corporation ("Accurus"), a leading Tier II supplier of highly engineered machined parts, kits and assemblies and processing services, focused on the highest value ... read more
  • Posted at 5:00 AM
    ANNAPOLIS, Md., July 28, 2015 /PRNewswire/ --TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), announced that the Defense Information Systems Agency (DISA) has exercised its second year task order option for TCS to continue to provide Ku satellite bandwidth, terrestrial support and 24-hour support services for the U.S. Marine Corps' Tactical Satellite Communications Network. The additional $14.2 million funding covers the period from August 1, 2015 through July 31, 2016. News Facts: -- This task order was issued ... read more