Babcock International Group has entered into a definitive agreement with KBR for the sale of its wholly owned subsidiary Frazer-Nash Consultancy Limited (Frazer-Nash Consultancy). The sale for a cash consideration of £293 million (implying an enterprise value of £285m on a cash free/debt free basis), is subject to routine closing adjustments ...
The Missile Defense Agency awarded Lockheed Martin a $157 million contract to augment Command, Control, Battle Management & Communications (C2BMC) engagement support capability for the Ground-Based Midcourse Defense (GMD) system that protects the US from long-range ballistic missile attacks. The GMD system includes silo-based interceptors, connections to sensors on land and ...
General Atomics (GA) marked the successful completion and shipment of the first module of the ITER Central Solenoid, the world’s most powerful pulsed superconducting magnet, with a celebration at the firm’s Magnet Technologies Center (MTC) in Poway, California. The event included the participation of Representatives Ken Calvert (R-CA-42), Darrell Issa (R-CA-50), ...
In a first for the Ministry of Defence, 26 ethical hackers have taken part in a Bug Bounty programme in collaboration with US based organisation HackerOne. The 30-day challenge aimed to identify and fix vulnerabilities in cyber systems to strengthen Defence’s security and to ensure better resilience. Bug Bounty programmes provide safe ...
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