Analyzing the US FY ’21 Defense Budget

On the same subject

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  January 14, 2022 | International, C4ISR, Security

  US Army plans to make big advances in cloud initiatives this year

  The Army's first tactical cloud environment outside of the U.S. will be located in the Pacific.

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  December 19, 2018 | International, Aerospace

  L3 Awarded Comprehensive F-16 Pilot Training Contract Valued at $350 Million

  – The USAF Contract Consolidates Multiple Training Programs Into a Single, Unified Program – NEW YORK--(BUSINESS WIRE)--Dec. 18, 2018-- L3 Technologies (NYSE:LLL) has been selected as the prime contractor for the F-16 Simulators Training Program (STP) by the U.S. Air Force. Valued at $350 million, the F-16 STP contract consolidates the previous F-16 Mission Training Center (MTC), F-16 Weapons and Tactics Trainer (WTT) Advanced Sustainment, and F-16 Training System (TS) programs into a single, unified program. “For more than four decades L3 has proudly developed pilots and expert technicians in support of U.S. Air Force F-16 weapons system operations,” said Christopher E. Kubasik, L3's Chairman, Chief Executive Officer and President. “This award demonstrates our ability to deliver comprehensive, world-class training solutions that support total air readiness.” Now in a prime contractor role, L3 was the incumbent on two of the three predecessor programs to the F-16 STP, including the F-16 MTC and F-16 TS. The company was awarded the F-16 MTC in 2008 through a competitive procurement. “By combining three different programs, F-16 STP will enable the U.S. Air Force to provide a more cost-effective approach to maintaining concurrency for the warfighter,” said Mike Swanger, Program Manager, F-16 Simulators, U.S. Air Force. “Our international allies will have the opportunity to benefit from our expertise in their own countries,” added Lenny Genna, President of L3 Link Training & Simulation. “We are proud to build on our long-standing partnership with the Air Force and look forward to being a key provider of F-16 training systems and services for many years to come.” Since 1986, L3 has provided the U.S. Air Force with state-of-the-art, high-fidelity F-16 training systems at both domestic and overseas locations. The company simultaneously ensures that the training systems remain concurrent with the fielded aircraft configurations to ensure the highest-quality training. L3's training systems support maintainers and aircrews across the globe. L3 Technologies is an agile innovator and leading provider of global ISR, communications and networked systems, and electronic systems for military, homeland security and commercial aviation customers. With headquarters in New York City and approximately 31,000 employees worldwide, L3 develops advanced defense technologies and commercial solutions in pilot training, aviation security, night vision and EO/IR, weapons, maritime systems and space. The company reported 2017 sales of $9.6 billion. To learn more about L3, please visit the company's website at www.L3T.com. L3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L3 is routinely posted on the company's website and is readily accessible. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-Looking Statements included in the company's recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20181218005778/en/ Source: L3 Technologies L3 Technologies Corporate Communications 212-697-1111 https://www.l3t.com/press-release/l3-awarded-comprehensive-f-16-pilot-training-contract-valued-350-million

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  August 5, 2019 | International, Aerospace, C4ISR

  Acorn Growth Companies Acquires Robbins-Gioia

  OKLAHOMA CITY--(BUSINESS WIRE)--Acorn Growth Companies, a private equity firm investing exclusively in aerospace, defense and intelligence, announced today the investment and controlling interest in Robbins-Gioia, a market leader in providing unique systems modernization and enterprise solutions focused on enhancing capabilities and improving performance and readiness for the federal government and industry. “Our investment in Robbins-Gioia represents our ongoing commitment in supporting the nation's requirements to modernize, streamline and secure its information technology architecture,” said Rick Nagel, managing partner of Acorn Growth Companies. “Robbins-Gioia's expertise in complex, enterprise-wide systems modernization, as well as the deeply embedded nature of its proprietary software products in critical military MRO systems have positioned the company for strong future growth. As the federal government continues to focus on systems modernization and warfighter readiness, we expect Robbins-Gioia will continue to deliver thought leadership and innovative solutions in support of these missions.” Headquartered in Alexandria, Virginia, Robbins-Gioia was the first firm to specialize in systems modernization solutions for the federal government and industry – transforming how they deliver and maintain readiness. The firm has evolved to be globally recognized for delivering purpose-built solutions to diverse challenges in business and government that modernize, secure and make its information technology architecture more efficient and effective through managed services, management consulting and innovative software tools, including The Jaguar Family of Advanced Scheduling Tools (JFAST™). JFAST is Robbins-Gioia 's premier suite of software tools for planning, analysis and management of complex, mission-critical activities for defense organizations. Robbins-Gioia enables the readiness of some of the nation's most critical military assets – keeping aircraft flying and ships sailing, using its JFAST scheduling systems. “We're excited to be partnered with Acorn Growth Companies,” said Brad King, CEO of Robbins-Gioia. “Acorn has a strong track record of success investing in and enabling the growth of companies within aerospace, defense and intelligence. With its tremendous network and planned investments in our people, processes and products, we see this partnership with Acorn as a key driver in the achievement of our vision to be the leader in delivering modernization and transformation for the federal government and similarly complex enterprises.” Terms of the transaction were not disclosed. About Robbins-Gioia Founded in 1980, Robbins-Gioia was the first firm specializing in program management services for the federal government. Today, they are the market leader in providing unique systems modernization and enterprise solutions focused on enhancing capabilities and improving performance and readiness for the federal government and industry. They deliver purpose-built solutions to diverse challenges in business and government through managed services, management consulting and software tools including JFAST™, RG's premier suite of software tools for planning, analysis, and management of complex, mission-critical activities for defense organizations. www.teamrg.com Acorn Growth Companies is a middle market private equity firm focused exclusively on Aerospace, Defense and Intelligence. Acorn invests solely in operating companies that strive to enhance global mobility and protect national interests. Acorn has a formidable reputation in the industry and is recognized for its deep understanding of the aerospace & defense markets, with proprietary access to the best companies within these sectors. With operational expertise and its ability to lead and manage investments through variable economic and industry cycles, Acorn works in tandem with management to build its portfolio companies into significant market leaders. AcornGrowthCompanies.com https://www.businesswire.com/news/home/20190805005409/en