Posts from ExecutiveBiz for 07/27/2015

Financial Times: Finmeccanica Halts DRS Sale Plan

Finmeccanica no longer plans to sell its DRS Technologies subsidiary as the Italian defense and industrial conglomerate holds a positive outlook in the defense sector for the rest of this year, Financial Times reported Sunday…

New DISA Guidance Aims to Help Pentagon Secure Cloud-Based IT Systems

The Defense Information Systems Agency has released three technical documents to help the Defense Department secure the department’s internal network against cyber attacks, C4ISR & Networks reported Friday…

Veritas Capital to Purchase Alion Science; Bahman Atefi Comments

Private equity investment firm Veritas Capital has agreed to purchase engineering services contractor Alion Science and Technology Corp. for an undisclosed sum. Alion announced the transaction Thursday and said Veritas sought to acquire the McLean, Va…

Raymond Cook Appointed Intell Community CIO

Raymond Cook, director of mission operations at the National Reconnaissance Office and also head of the CIA‘s space reconnaissance office, has been appointed chief information officer of the Intelligence Community…

Navy Orders $78M in Insitu Blackjack UAS

Insitu has received a $78 million contract modification to produce a new batch of Blackjack unmanned aircraft systems for the U.S. Navy. The Boeing (NYSE: BA) company will also deliver air vehicles, ground control stations, launch and recovery equipment and spares under the contract, the Defense Department saidFriday…

TCS Buys Navigation Firm Loctronix; Sameer Vuyyuru, Jay Whitehurst Comment

Telecommunication Systems (Nasdaq: TSYS) has acquired inertial-navigation provider Loctronix for an undisclosed amount in an effort to help first responders locate distressed individuals and public safety personnel, Urgent Communications reported Friday…