Posts from ExecutiveBiz for 07/20/2015

Lockheed to Explore IT Business Separation, Inks $9B Deal for Helicopter Maker Sikorsky

Lockheed Martin (NYSE: LMT) will examine a potential separation of its government information technology and technical services business components and has agreed to purchase helicopter manufacturing business Sikorsky Aircraft from United Technologies Corp…
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Sky News: BAE Chair Asks Recruiter to Start Search for Future CEO Candidates

BAE Systems PLC Chairman Sir Roger Carr has asked a recruiter to start a search for potential candidates to succeed Ian King as CEO of the British defense contractor, Sky News reportedSaturday. Mark Kleinman writes executive search and consulting firm Spencer Stuart has started to look for possible successors to King through what Sky called a “horizon-scanning” process…
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Northrop to Design, Build Minehunting Sonar Systems for Navy Sea Dragon Helicopter

Northrop Grumman will support the design, development, production, testing and delivery of the AN/AQS-24C minehunting sonar systems for the U.S. Navy under a contract worth up to $14.8 million. The Defense Department saidFriday the systems will support the volume search minehunting operations of the Navy’s MH-53E Sea Dragon helicopter…
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Lockheed Reports 2% Sales Bump for 2Q, Profit Up 4%

Lockheed Martin (NYSE: LMT) has reported a 2.6 percent year-over-year increase in revenue to $11.6 billion for its fiscal year 2015 second quarter, which ended June 28, and a 4.5-percent increase in profit to $929 million for that same time frame…
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Shaun Donovan: Agencies’ 2017 Budget Plans Must Include Collaborative R&D Programs

Shaun Donovan, director of the Office of Management and Budget, has asked federal agencies to set multiagency science and technology program priorities when they craft budget proposals for the 2017 fiscal year…
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IARPA Starts Search for New Sensor Platform

The Intelligence Advanced Research Projects Activity has kicked off a search for a new sensor environment as part of efforts to further build up intrusion detection technologies. IARPA said Friday it wants sensors that can apply “non-typical data” in a cybersecurity domain under its Cyber-attack Automated Unconventional Sensor Environment program…
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