January 22, 2019 Update

Industry News

U.S. Navy Commissions Littoral Combat Ship 13 – LCS 13, Wichita
This milestone places the Lockheed Martin (NYSE: LMT)- built ship into active service. 

A220 Airliner Wins Approval from Transport Canada for 180 Minutes ETOPS Capability
The A220 has received 180-minute extended operations (ETOPS) approval from the Canadian civil aviation authority, Transport Canada.

Persistent Systems Launches Partnership of Wave Relay® Ecosystem
Persistent Systems, LLC announced the launch of the Wave Relay® Ecosystem, an alliance of unmanned systems and sensor companies working together to deliver a networked battlefield to warfighters. Partners include: Insitu (a Boeing Company), QinetiQ North America, Endeavor Robotics, Martin UAV, and others.

Raytheon Engages in Mentoring Agreement with Phoenix Products, Inc.
Raytheon Company (NYSE: RTN) and Kentucky-based Phoenix Products, Inc. signed a U.S. Department of Defense Mentor-Protégé agreement to produce Naval Strike Missile, or NSM, transport containers under a $1.6 million U.S. Navy contract. 

The First Triumph KC-46A Tanker Was Accepted by the U.S. Air Force
U.S. Air Force has accepted the first Boeing KC-46A Pegasus tanker aircraft, setting the stage for the aircraft’s delivery to McConnell Air Force Base, in Wichita, Kansas in the coming weeks.

Boeing Makes Investment in Isotropic Systems Ltd.
Isotropic Systems Ltd. is a London-based startup pioneering next-generation solutions enabling high throughput satellites to deliver mass-market applications

Saab Launches Laser Warning System for Land and Naval Applications in U.S. Market
 
Relativity Wins Direct Contract for Launch Site at Cape Canaveral from the U.S. Air Force
The Autonomous Rocket Factory Becomes the First Venture-backed Company to Be Granted an Agreement for Historic Launch Complex 16 from the U.S. Air Force.

Lufthansa Technik and FADEC Alliance Sign Agreement for LEAP Engine Asset Availability
FADEC Alliance, a joint venture between GE Aviation and FADEC International, has signed a 25-year agreement with Lufthansa Technik to provide Full Authority Digital Engine Controls (FADEC) asset availability support for LEAP engines globally. Lufthansa Technik and FADEC Alliance will use the engine controls for support agreements, loans, and exchanges across their global airline customer bases to bring a full selection of asset management services to the commercial transport industry. 

Construction begins on Airbus’ U.S. A220 Manufacturing Facility
Airbus’ manufacturing growth in the United States advanced another step today in Mobile, Alabama, as construction of the company’s A220 Manufacturing Facility officially launched with a groundbreaking ceremony. The assembly line will satisfy the strong and growing U.S. demand for the A220 aircraft, the newest offering in Airbus’ commercial aircraft product line.

OneWeb Satellites Has Shipped First Satellites for the Oneweb Constellation
The first launch of the mega constellation is scheduled for 19 February 2019 on a Soyuz rocket – the beginning of a long series. 

United Launch Alliance Successfully Launches NROL-71
A United Launch Alliance (ULA) Delta IV Heavy rocket carrying a critical payload for the National Reconnaissance Office (NRO) denoted NROL-71 lifted off from Space Launch Complex-6 on Jan. 19 at 11:10 a.m. PST. The mission is in support of our country’s national defense. 

M&A

Culmen International, LLC Acquires Centrifuge Systems, Inc.
Centrifuge Systems is a provider of next-generation big data business intelligence and visualization software. 

ETL Systems Ltd acquired privately held Atlantic Microwave Ltd. 
Atlantic Microwave manufactures and supplies RF and Microwave equipment, components and interconnects to the satcom, telecommunications, broadcasting, aerospace, defence and scientific research industries.

Grand Traverse Band’s Economic Arm Acquires Bay Shore Steel Works, LLC (BSSW)
Bay Shore Steel Works is a process engineering, fabricating, machining, and finishing services company with significant contracts from the U.S. military for armor plating. 

The Gores Group, LLC Portfolio Company TurbineAero, Inc. Acquires Triumph Group’s APU Repair Product Line
APU Repair Product Line (RPL) of TASA provides repair services for APU component parts.

Advanced Cooling Technologies, Inc. (ACT) acquired the Precision Cooling Business (PCB) of Parker Hannifin Corp. (NYSE: PH)
Precision Cooling Business of PH is a leading supplier of Pumped Two Phase Cooling products for power electronics applications.

Huntington Ingalls Industries, Inc. (NYSE: HII) entered into an agreement to acquire privately held Fulcrum IT Services, LLC from private equity firms Boyne Capital Partners and Grindstone Partners, LLC. 
Fulcrum IT is an information technology and government consulting company. Core areas include Advanced Technology, Cyber, Information Operations, Intelligence Operations, C5ISR, and Healthcare Systems. 

Dassault Aviation to Acquire ExecuJet Maintenance Activities From Luxaviation Group
ExecuJet provides maintenance support capabilities for a diverse collection of aircraft types in 42 countries throughout the world.

Contracts

NAVSEA Contracts With Raytheon for Dual Band Radar (DBR) System Design Agent Technical Engineering Support Efforts
The U.S. Naval Sea Systems Command (NAVSEA) (Washington, DC) awarded Raytheon Integrated Defense Systems (IDS) (Tewksbury, MA) a $98.8 million cost-plus-fixed fee, cost-only contract (N00024-19-C-5509) for Dual Band Radar (DBR) design agent technical engineering support efforts in support of the U.S. Navy PEO Integrated Warfare Systems (PEO IWS), Above Water Sensors (PEO IWS 2.0).

DLA Aviation Contracts With Bell Boeing JPO for V-22/MV-22/CV-22 Performance Based Logistics (PBL) and Engineering Support
DLA Aviation (Richmond, VA) awarded Bell Boeing Joint Project Office (Amarillo, TX) an estimated $143.9 million firm-fixed-price, indefinite delivery/requirements contract (SPE4AX-19-D-9410) for performance based logistics (PBL) and engineering support for the V-22 platform.

NAVAIR HQ Mods Contract With Bell Helicopter for 25 Lot 16 AH-1Z Aircraft and 25 Stores Control Units
Work will be performed in Fort Worth, TX (60 percent); and Amarillo, TX (40 percent), with an estimated date of completion in January 2022. Fiscal 2018 aircraft procurement (Navy) funds in the amount of $439,563,841 will be obligated at time of award, none of which will expire at the end of the current fiscal year.

Mercury Systems Receives Order for Rugged Servers to be Used in an On-The-Move Tactical Communications Application
An undisclosed defense prime contractor awarded Mercury Systems, Inc. (Andover, MA) a $7.0 million order for rugged servers to be used in an on-the-move tactical communications application.

Lockheed Martin Contracts With Collins Aerospace for X-59 QueSST Low-Boom Flight Demonstration (LBFD) Aircraft Avionics
Lockheed Martin Aeronautics Co., Advanced Development Programs (ADP) (Skunk Works) (Palmdale, CA) awarded Collins Aerospace Systems, Business and Regional Systems (Cedar Rapids, IA) a contract of undisclosed value to provide avionics for the new X-59 Quiet Supersonic Technology (QueSST) aircraft.

Coast Guard Awards Nine Contracts for Nationwide Environmental (ENV) Engineering Services
The U.S. Coast Guard Shore Maintenance Command (SMC), Facilities Design and Construction (FD&CC) Detachment (Seattle, WA) awarded nine, ten-year, multiple award, task order, firm fixed price, ID/IQ contracts, with a value of $75.0 million, for an enterprise-wide program to provide prompt engineering services and other environmental services worldwide.

NAVSEA Mods Contract With Lockheed Martin for AN/SQQ-89A(V)15 Surface Ship Undersea Warfare System (UWS) Production
The U.S. Naval Sea Systems Command (NAVSEA) (Washington, DC) awarded Lockheed Martin RMS – C4ISR and Undersea Systems and Sensors (C4USS) (Manassas, VA) $77.8 million cost-plus-incentive-fee, fixed-price-incentive, cost-only modification under a previously awarded contract (N00024-13-C-5225) for production of the Navy’s AN/SQQ-89A(V)15 Surface Ship Undersea Warfare System (UWS).

United Airlines Contracts With Boeing for 24 737 MAX and Four 777 Airliners
United Airlines (Elk Grove Township, IL) awarded Boeing Commercial Airplanes Group, Manufacturing (Renton, WA) an order for 24 additional 737 MAX jets and four more 777-300ER (Extended Range) airplanes last year.

Mercury Systems Receives Contract for Integrated Subsystems for Advanced Naval Electronic Support Application
An undisclosed defense prime contractor awarded Mercury Systems, Inc. (Andover, MA) a $9.8 million follow-on order for integrated radio frequency (RF) and digital subsystems for an advanced naval electronic support application.

Navy PHNSY & IMF Mods Contract With BAE Systems for USS Halsey (DDG 97) Surface Incremental Availability (SIA)
The Pearl Harbor Naval Shipyard (PHNSY) & Intermediate Maintenance Facility (IMF) (Joint Base Pearl Harbor, HI) awarded BAE Systems U.S. Ship Repair and Modernization – Hawaii Shipyards (Honolulu, HI) a $9.6 million undefinitized contract action under a previously awarded contract (N00024-14-C-4412) for scheduled Surface Incremental Availability (SIA) on USS Halsey (DDG 97).

NAVSUP FLC Norfolk – Philadelphia Contracts With URS Federal Services for Okinawa Third Party Logistics (3PL) Support Services/HAZMAT Supplies
The NAVSUP Fleet Logistics Center (FLC) Norfolk – Philadelphia Detachment (Philadelphia, PA) awarded URS Federal Services, Inc., an AECOM Company (Germantown, MD) a $39.0 million firm-fixed-price, ID/IQ contract (N00189-19-D-0001) to provide third party logistics (3PL) support services and hazardous material (HAZMAT) supplies as required by Chief of Naval Operations (CNO) N45 and tenant Navy commands in Okinawa, Japan.