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MONEY® News Category - 'Aerospace and Defense'

STG Group Announces Chief Integration Officer Dale Davis’ Retirement

RESTON Va., March 27, 2017 (GLOBE NEWSWIRE) — STG Group, Inc. (OTCQB:STGG), a leading provider of mission-critical technology, cyber, and data solutions to the U.S. Government, announced today that Dale Davis, Chief Integration Officer, will be retiring from the Company effective April 3, 2017. We expect Mr. Davis will be available in an advisory capacity […]

MacB President and CEO to be Keynote Speaker for Florida GovCon Summit

Dayton, Ohio, March 27, 2017 (GLOBE NEWSWIRE) — MacAulay-Brown, Inc. (MacB), a leading National Security company delivering advanced engineering services, cybersecurity and product solutions, announced today that MacB President and CEO Sidney E. Fuchs has been selected as a keynote speaker at the 2017 Florida GovCon Summit, which will be held on Wednesday, March 29 […]

Wesco Aircraft Receives Supplier of the Year Performance Excellence Award From Commercial Aircraft Corporation of China, Ltd.

VALENCIA, Calif., March 27, 2017 (GLOBE NEWSWIRE) — Wesco Aircraft Holdings, Inc. (NYSE:WAIR), the world’s leading provider of comprehensive supply chain management services to the global aerospace industry, today announced that it has been recognized for supplier performance excellence by Commercial Aircraft Corporation of China, Ltd. (COMAC). Wesco received the 2016 Supplier of the Year […]

Heroux-Devtek Informs of a Development With the U.S. Air Force

LONGUEUIL, QUÉBEC–(Marketwired – March 27, 2017) – Héroux-Devtek Inc. (TSX:HRX) (“Héroux-Devtek” or the “Corporation”), a leading international manufacturer of aerospace products, today informs of a development in regards to its business with the U.S. Air Force (“USAF”). Following a request for proposal from USAF, Héroux-Devtek jointly submitted a bid for a comprehensive Performance Based Logistics […]

Kraken Announces CDN$2,000,000 Private Placement

ST. JOHN’S, NL –(Marketwired – March 27, 2017) – THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES Kraken Sonar Inc. (TSX VENTURE: PNG) (“Kraken” or the “Company“) is pleased to announce that it is undertaking a non-brokered private placement offering for aggregate gross proceeds of up […]

Bombardier C Series Aircraft Completes Landmark Non-Stop Transatlantic Flight from London City Airport to New York John F. Kennedy Airport

MONTREAL, QUEBEC–(Marketwired – March 27, 2017) – Bombardier Commercial Aircraft confirmed today that a C Series aircraft with a representative payload successfully flew non-stop from London City Airport (LCY) to John F. Kennedy (JFK) Airport in New York City. The direct intercontinental flight followed a series of successful flights to demonstrate the CS100 aircraft’s exceptional […]

Discovery Air and Clairvest Enter Into Definitive Agreement for Going Private Transaction

TORONTO, ONTARIO–(Marketwired – March 24, 2017) – Equity privatization transaction unanimously recommended by a Special Committee of the Board of Directors of Discovery Air Inc. comprised of four independent directors, and unanimously approved by Discovery Air Inc.’s board of directors, excluding directors not eligible to vote; Cash consideration of $0.20 per share to be paid […]

Aerojet Rocketdyne Awarded U.S. Navy Contract to Mature Power and Energy Management Systems for Underwater Unmanned Vehicles

SACRAMENTO, Calif., March 24, 2017 (GLOBE NEWSWIRE) — Aerojet Rocketdyne, Inc., a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), has received a $1.6 million contract from the U.S. Navy to mature the demonstration capabilities of a power and energy management system that will allow underwater unmanned vehicles (UUVs) to be charged wirelessly undersea. Under the […]

Media invitation: Canadian Business Aviation Association and Bombardier Business Aircraft

MONTREAL, QUEBEC–(Marketwired – March 24, 2017) – Who: Canadian Business Aviation Association and Bombardier Business Aircraft What: Briefing on the economic impact of business aviation operations and manufacturing in Canada and update on Bombardier Business Aircraft Date: Wednesday, March 29, 2017 Time: 3:00-4:00 PM Where: Bombardier Training Centre 8575 Cote-de-Liesse, Saint Laurent, H4T 1G5 Business […]

The “Brain” of the Space Launch System RS-25 Engine Passes Critical Test

STENNIS SPACE CENTER, Miss., March 23, 2017 (GLOBE NEWSWIRE) — An RS-25 rocket engine with a new flight-model engine controller and flight configuration software was successfully tested for the first time at NASA’s Stennis Space Center earlier today. Four RS-25 engines, manufactured by Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), will help […]

Patriot One Announces Evaluation and Purchase Agreement with Iconic Las Vegas Property

TORONTO, ON–(Marketwired – March 23, 2017) – Patriot One Technologies, Inc. (TSX VENTURE: PAT) (OTCQB: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of a revolutionary concealed weapons detection system, today announced an agreement with Westgate Las Vegas Resort & Casino for a trial of its technology in order to evaluate integration capabilities with […]

Kraken Receives Financial Contribution from The Government of Canada

ST. JOHN’S, NL –(Marketwired – March 21, 2017) – Kraken Sonar Inc. (Kraken) (TSX VENTURE: PNG) announced today that its wholly-owned subsidiary, Kraken Sonar Systems Inc., will receive a non-refundable financial contribution of up to $1,470,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). In addition to technical and business advisory […]

Constellation of small satellites set to improve the skill of weather forecasts

SINGAPORE, March 20, 2017 (GLOBE NEWSWIRE) — Spire Global has successfully developed, tested, and deployed a constellation of nanosatellites with high quality Global Navigation Satellite System (GNSS) receivers. The data from this growing constellation will augment the global observing system with a substantial number of high quality measurements (vertical profiles) of atmospheric temperature, pressure, and […]

Carmanah Reports Fourth Quarter, and Fiscal 2016 Results

VICTORIA, BRITISH COLUMBIA–(Marketwired – March 20, 2017) – Carmanah Technologies Corporation (TSX:CMH) (“the Company” or “Carmanah”) today reported its fourth quarter, and fiscal 2016 financial results for the period ended December 31, 2016. Currency amounts are in U.S. dollars unless otherwise noted. All figures below, unless otherwise stated, are for Carmanah’s continuing operations and exclude […]

HEICO Corporation Declares 5-for-4 Stock Split

MIAMI and HOLLYWOOD, Fla., March 20, 2017 (GLOBE NEWSWIRE) — HEICO Corporation (NYSE:HEI-A) (NYSE:HEI) announced today that its Board of Directors approved a 5-for-4 stock split on both its Class A Common Stock and Common Stock.  This announcement marks HEICO’s 15th stock split or stock dividend since 1995.  The stock split will be effected in […]

MacB Awarded $25M Contract to Maintain and Operate Air Force Equipment Management System

Dayton, Ohio, March 20, 2017 (GLOBE NEWSWIRE) — MacAulay-Brown, Inc. (MacB), a leading National Security company delivering advanced engineering services, cybersecurity and product solutions, announced today that the company was awarded a prime contract by the U.S. Air Force Life Cycle Management Center (AFLCMC) to deliver Information Technology (IT) solutions in support of the Air […]

Arotech Training and Simulation Receives $9.5M U.S. Air Force IDIQ Award With Initial Task Orders Valued at $2.32M

ANN ARBOR, Mich., March 20, 2017 (GLOBE NEWSWIRE) — FAAC Incorporated, a part of Arotech Corporation’s Training and Simulation Division (Nasdaq:ARTX), 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. […]

Patriot One Welcomes UK Distributor Kinetic Six Ltd.

TORONTO, ON–(Marketwired – March 20, 2017) – Patriot One Technologies Inc., (TSX VENTURE: PAT) (OTCQB: PTOTF) (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of a revolutionary concealed weapons detection system, is pleased to announce entry into its first overseas distributor agreement with Kinetic Six Ltd. (“Kinetic Six”) of Hereford, UK. Kinetic Six was founded […]

Kratos to Support Yahsat Satellite Fleet with Broad Suite of Ground System Solutions

SAN DIEGO, March 20, 2017 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that Yahsat has selected Kratos to support its expanding satellite fleet with command and control (C2), signal monitoring and data analysis solutions. Kratos’ EPOCH® Integrated Product Suite (IPS) will provide C2 for […]

FLYHT Launches UpTime(TM) Cloud Software

CALGARY, AB –(Marketwired – March 20, 2017) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce the official launch of its latest software, UpTime™ Cloud. The UpTime Cloud web portal improves the Company’s software usability, while providing enhancements to security and infrastructure. The new web-based interface […]

Aerojet Rocketdyne Supports ULA Launch of Wideband Global SATCOM Spacecraft for the U.S. Military

SACRAMENTO, Calif., March 18, 2017 (GLOBE NEWSWIRE) — Aerojet Rocketdyne, Inc., a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), played a major role in successfully launching and placing the ninth Wideband Global SATCOM (WGS-9) spacecraft into orbit for the U.S. military. The mission was launched from Cape Canaveral Air Force Station in Florida aboard a […]

NAV CANADA reports February traffic figures

OTTAWA, March 17, 2017 (GLOBE NEWSWIRE) — NAV CANADA announced today its traffic figures for the month of February 2017 as measured in weighted charging units for en-route, terminal and oceanic air navigation services, in comparison to the last fiscal year. February 2017 traffic figures An infographic accompanying this announcement is available at: The traffic […]

CAE launches a year of celebrations for its 70th anniversary

MONTREAL, CANADA–(Marketwired – March 17, 2017) – (NYSE:CAE)(TSX:CAE) – Note to Editors: There are two photos associated with this press release. Founded on Saint Patrick’s Day in 1947, CAE is launching today a year of celebrations with its 8,000 employees worldwide to commemorate its 70th anniversary. CAE is today a global training company headquartered in […]

Huntington Ingalls Industries’ Technical Solutions Division Exercises Options On Naval Modernization Contract

NEWPORT NEWS, Va., March 16, 2017 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its Technical Solutions division recently received a modification to a previously awarded contract to provide maintenance, modernization and Chief of Naval Operations availabilities on amphibious-class ships (LSD, LPD, LHD) homeported in San Diego. The original contract was awarded to […]

Kratos Advances to Gremlins Phase II as Subcontractor on Dynetics Team

SAN DIEGO, March 16, 2017 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its subsidiary, Composite Engineering, Inc. (CEi), is a subcontractor to Dynetics, which has been selected for award on Phase II of the Defense Advanced Research Projects Agency (DARPA) / Air Force […]