March 20, 2017: Arotech Corp announced that it has received a sole source $9.5M indefinite-delivery/indefinite-quantity award from the U.S. Air Force. The scope covers updates to F-16 Common Weapon Engagement Zones based upon FAAC’s Zone Acquisition Process (ZAP) technology. The contract period of performance is through March 2022. Two task orders were issued upon award (Read More….)
February 22, 2017: TransDigm Group Incorporated announced that it has acquired the stock of SCHROTH Safety Products GmbH and certain aviation and defense assets and liabilities from subsidiaries of Takata Corporation for approximately $90 million in cash.
The primary businesses purchased are that of SCHROTH Safety Products GmbH and Takata Protection Systems Inc., both of (Read More….)
February 22, 2017: Tutor Perini announced that it has been awarded an $80 million design-build contract by the U.S. Air Force to design and construct facilities in support of the Royal Saudi Air Force through a Foreign Military Sales program. The project was competitively bid through an Air Force Civil Engineer Center multiple award task (Read More….)
February 16, 2017: Huntington Ingalls Industries reports Q4 EPS of $3.67 versus the $2.48 estimate. Revenue also beat coming in at $1.92 billion versus the $1.85 billion estimate.
CEO Michael Petters said, “Exceptional execution on mature programs at Ingalls lessened the impact of the ongoing transition between programs at Newport News and drove the (Read More….)
January 15, 2017: Aireon announced today the successful launch and deployment of the first ten satellites hosting its space-based automatic dependent surveillance-broadcast (ADS-B) system. Part of the Iridium NEXT satellite constellation, Aireon’s space-based ADS-B network will transform air traffic management capabilities, providing real-time air traffic surveillance and flight tracking across 100 percent of the planet. (Read More….)
December 28, 2016: Tonix Pharmaceuticals is forming a wide J Hook pattern after having the FDA granted their PTSD drug TNX-102 a Breakthrough Therapy designation.
December 19, 2016: Tonix Pharmaceuticals announced today that the U.S. Food and Drug Administration (FDA) had granted Breakthrough Therapy designation to TNX-102 SL for the treatment of posttraumatic stress disorder (Read More….)
Investing in the virtual-reality (VR) space is hazardous at this time but I have a company to invest in that will minimize the downside risk of VR if it turns out to be a consumer dud. We don’t know if customers will be interested in spending their increasingly scarce dollars on VR, but I think (Read More….)
June 13, 2016: Science Applications International Corp reports Q1 2016 EPS of $0.80 versus the $0.76 estimate. Revenue also beat coming in at $1.22 billion versus the $1.14 billion estimate. Adjusted EBITDA came in at $86 million versus $65 million year over year. The backlog held steady at $7.2 billion versus $7.2 billion (Read More….)