BAE Systems receives $256 million full-rate production contract from U.S. Marine Corps for additional Amphibious Combat Vehicles

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  February 21, 2020 | International, C4ISR, Security

  Lockheed Martin and Guardtime Federal Join Forces to Thwart Software Cyber Threats

  Forth Worth, Texas, February 20, 2020 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) and Guardtime Federal are working together to mitigate cyber threats across Lockheed Martin Aeronautics' software supply chain by integrating immutable digital integrity into architecture supporting research, design, development, manufacturing, integration and sustainment of its advanced products and services. Through the long-term agreement, the team envisions integrating the aerospace community's first mathematically verifiable end-to-end integrity check from the external software supply chain, through the development process and all the way to verification on delivered military systems. This digital transformation initiative will mitigate cyber threats across the software supply chain using KSI® blockchain signatures. "Lockheed Martin is committed to continuous Agile development of secure software," said Ron Bessire, vice president, Lockheed Martin Aeronautics. "This collaboration with Guardtime Federal assures the highest level of digital security and enhances the integrity of our aircraft, further enabling pilots to achieve mission success in hostile cyber environments." Beyond the software development supply chain, the agreement also enables KSI® integration into the architecture of large-scale digitally directed manufacturing equipment to deter and detect any unauthorized residuals from third party routine maintenance actions. The desired end state is an advanced high integrity aerospace digital supply chain. "Whether the operation is land, sea, air, space, or cyber space, the control flow of digital data and processes is key to mission success," said David Hamilton, president of Guardtime Federal. "Our collaboration with Lockheed Martin is delivering a mathematically provable process for data integrity to the customer to assure that the software envisioned, developed, tested and certified is what makes it onto the platform every time." About Lockheed Martin Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. For more information, visit lockheedmartin.com. About Guardtime Federal Headquartered in Alexandria, Virginia, Guardtime Federal is a U.S. chartered business that delivers mathematically verifiable data integrity for defense and aerospace. Guardtime Federal integrates Guardtime KSI® industrial blockchain technology with U.S.-developed high-end tamper resistant hardware for data and process integrity with digital provenance for cross boundary, embedded, and private networked environments to protect design, development, manufacture, integration and sustainment of advanced technology systems, products and services. CONTACT: Alyssa Campbell, +1 817-655-8118; alyssa.k.campbell@lmco.com SOURCE Lockheed Martin Aeronautics View source version on PR NewsWire: https://news.lockheedmartin.com/2020-02-20-Lockheed-Martin-and-Guardtime-Federal-Join-Forces-to-Thwart-Software-Cyber-Threats

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  January 9, 2020 | International, Land

  BAE Systems equips its CV90 fighting vehicle with Spike antitank missiles

  By: Sebastian Sprenger COLOGNE, Germany – BAE Systems has outfitted its CV90 infantry fighting vehicle to fire the Israeli-designed Spike guided antitank missile, according to a company statement. Test shots with a launcher mounted on the vehicle resulted in a target being “defeated” over a distance of 2,000 meters by the LR variant of the weapon, which stands for “long range,” the company said. It is the first time that the CV90, made by the Swedish BAE Systems Hägglunds outfit, boasts an integrated antitank missile capability. According to BAE, the testing took place in northern Sweden last month in below-freezing temperatures during heavy snowfall and limited visibility, though the company declined to say exactly at which test range. “This integrated anti-tank capability confirms that the CV90 is a true benchmark when it comes to expanding a family of multi-mission armored fighting vehicles,” Dan Lindell, CV90 platform director at BAE Systems Hägglunds, is quoted as saying in the statement. The BAE vehicle is in the running for a multibillion-dollar Czech acquisition of new infantry fighting vehicles. The requirements for that vehicle include the ability to launch tank-breaking missiles, a feature that is becoming standard across many NATO land forces. Also competing for the Czech tender, worth upwards of $2 billion, are General Dynamics European Land Systems with the Ascod vehicle, and Rheinmetall's Lynx. The CV90 vehicle is used by the armed forces of Denmark, Estonia, Finland, Norway, Sweden, Switzerland and the Netherlands, with more than 1,200 copies built, according to BAE. The Spike missile is used by several European nations, with integration possible on ground vehicles, helicopters and fixed-wing aircraft, as well as ships, according to manufacturer Rafael. https://www.defensenews.com/global/europe/2020/01/08/bae-systems-equips-its-cv90-fighting-vehicle-with-spike-antitank-missiles/

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  September 11, 2018 | International, C4ISR

  SAIC to buy rival government services contractor Engility for $1.5 billion

  WASHINGTON (Reuters) - Science Applications International Corp (SAIC) (SAIC.N) said on Monday it will acquire Engility Holdings Inc (EGL.N) for $1.5 billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor. The acquisition is the latest example of how increased defense spending under President Donald Trump and the Republican-led Congress is driving contractors to pursue mergers so they have more scale to bid on bigger projects, spanning everything from outdated computer systems to space exploration. Engility shareholders will receive $40.44 in SAIC stock for each of their shares, an 11.5 percent premium to Engility's closing price of $36.24 on Friday, the companies said. SAIC will assume $900 million in Engility debt, giving the deal a total value of about $2.5 billion. On completion of the deal early next year, SAIC's board will expand to 11 seats from nine, and SAIC shareholders will own about 72 percent of the combined company. Engility, based in Chantilly, Virginia, provides skilled personnel to the U.S. departments of defense, homeland security and justice, among others. The acquisition will boost SAIC's offerings to its space customers and expand its customer base in the intelligence community, SAIC Chief Executive Tony Moraco said in an interview. The increased U.S. defense budget and a two-year budget deal reached earlier this year that lifted caps on defense spending also emboldened SAIC to pursue the deal, Moraco added. Full article: https://www.reuters.com/article/us-engilityholdings-m-a-saic/saic-to-buy-rival-government-services-contractor-engility-for-1-5-billion-idUSKCN1LQ1CG