May 2, 2024 | International, Land
Merger and Acquisition (M&A) deal value in the defence sector was up to $8bn in Q1 of 2024, 55% higher than Q1 2023.
https://www.army-technology.com/news/in-data-defence-ma-deals-up-55-in-q1-2024/
August 30, 2018 | International, Naval
Lockheed Martin Ventures is doubling down on its investment in Ocean Aero, a startup targeting the underwater unmanned vehicle system ... Full article: http://aviationweek.com/awindefense/lockheed-adds-investment-underwater-specialist-ocean-aero
March 30, 2022 | International, Aerospace
October 2, 2018 | International, C4ISR
By SYDNEY J. FREEDBERG JR. Chief of Staff Mark Milley declared air and missile defense the Army's No. 5 priority -- one of the Big Six which the service is pushing to accelerate, if necessary at the expense of everything else in their budget. UPDATED with contract details WASHINGTON: The Army just gave Northrop Grumman a $289.3 million vote of confidence in its much-criticized IBCS missile defense network, a major priority for major war. The award was announced — without even naming IBCS — on Friday, the last work day of the 2018 fiscal year. IBCS is meant to link multiple Army air and missile defense (AMD) systems that weren't designed to work together — Patriot, THAAD, Sentinel radar, and the future IFPC anti-aircraft/cruise missile system — into a single network. (It's an awful nested acronym for IAMD Battle Control System, where IAMD in turn stands for Integrated Air & Missile Defense). The goal is to exchange targeting data so quickly and precisely over vast distances that any launcher in range can intercept incoming threats spotted by any radar. It's a capability of significant value against North Korea and vital for a high-tech war against Russia or China, which have massive arsenals of increasingly precise (non-nuclear) ballistic and cruise missiles. Full article: https://breakingdefense.com/2018/10/army-gives-northrop-289m-for-ibcs-missile-defense-network