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February 24, 2021 | International, Naval

Leidos Moves to Buy Gibbs & Cox in $380M Deal - USNI News

Defense contractor Leidos is making a bid to buy the almost hundred-year-old ship design firm Gibbs & Cox in a $380 million deal, the company announced in a Tuesday earnings call. The cash deal, expected to close in the second quarter of 2021, would position Leidos to compete in the emerging unmanned naval systems market …

https://news.usni.org/2021/02/23/leidos-moves-to-buy-gibbs-cox-in-380m-deal

On the same subject

  • MD helicopters secures $34 Million Army contract

    December 9, 2020 | International, Aerospace

    MD helicopters secures $34 Million Army contract

    Mesa, Ariz., December 3, 2020 - MD Helicopters, Inc. (MDHI) announces an agreement with the U.S. Army worth about $34 million to provide logistics support for the Afghanistan Air Force MD 530F Cayuse Warrior light attack and reconnaissance helicopter fleet. The deal is a continuation of MDHI's contractor logistics support (CLS) with the U.S. Army and Multi-National Aviation Special Project Office (MASPO) for the fleet. Under the terms of the contract, MDHI will provide maintenance, repairs, updates, and overhauls of the aircraft in Mesa, Arizona, and Kabul, Afghanistan. The estimated completion date for all work is May 31, 2021. “This contract illustrates the Army's and MASPO's continued confidence in MD Helicopters' ability to successfully manage our CLS contract,” says Nick Nenadovic, Vice President of Aftermarket and Customer Support for MD Helicopters, Inc. “We have delivered 60 aircraft to the Afghan Air Force and we maintain a vested interest in ensuring the highest level of support to keep the entire fleet mission ready.” The enhanced MD 530F Cayuse Warrior is a light armed attack helicopter revered for its power, safety, speed, agility, and unparalleled confined area capabilities. The aircraft supports a wide range of training and operational missions, providing safe, efficient multi-mission support with an increased performance profile. View source version on MD Helicopters, Inc. : https://www.mdhelicopters.com/md-helicopters-secures-$34-million-army-contract.html

  • General Dynamics' Europe team dips into remote-controlled vehicles, ground robots

    November 4, 2021 | International, Land

    General Dynamics' Europe team dips into remote-controlled vehicles, ground robots

    General Dynamics European Land Systems has rolled out a remote-driving concept for its vehicle lineup that the company presented on its ASCOD light tank at the FEINDEF defense exhibit.

  • Delay hits Brazil's $1.7 billion frigate program

    May 6, 2022 | International, Naval

    Delay hits Brazil's $1.7 billion frigate program

    Construction of the first of four Tamandaré-class frigates for the Brazilian Navy is delayed, with the shipbuilding timeline slipping from last month to this September, and commissioning potentially being pushed from 2025 to 2026.

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