Leonardo-Finmeccanica acquired the full control of Sistemi Dinamici S.p.A from IDS S.p.A on December 23, 2016. The control of the company, which involved the remaining 60 percent of shares, is aimed at further strengthening the commitment of Leonardo in unmanned products thanks to the acquisition of the new unmanned lightweight helicopter SD-150 Hero programme.
The United States and allied military forces will upgrade their missile defense capabilities under a new $1.45 billion contract for production and delivery of Lockheed Martin Patriot Advanced Capability-3 (PAC-3) and PAC-3 Missile Segment Enhancement (PAC-3 MSE) interceptors.
Mercury Systems Inc., announced that it received a $10.8 million follow-on order against its 5 year sole source basic ordering agreement (BOA) to deliver advanced Digital RF Memory (DRFM) jammers to the U.S. Navy. The order was received in the Company's fiscal 2017 second quarter and is expected to be shipped over the next several quarters.
The U.S. Air Force has awarded Raytheon Co. a $37 million contract to demonstrate new satellite communications technology that will continuously link tactical users with military leaders in contested environments.
Effective October 28, 2016, MACOM sold the former Metelics Londonderry Point Contact Diode product line to Massachusetts Bay Technologies (MBT), located at 378 Page Street, Stoughton, Mass. This product line will be moved to MBT at the end of December 2016 and fully functional by the first week of January 2017.
OneWeb Ltd., founded in 2012 with the goal of providing affordable internet access for everyone on the planet using a constellation of 720 low earth orbit (LEO) satellites, announced it has secured $1.2 billion to fund satellite development and the construction of a high volume satellite production facility in Exploration Park, Fla.