Posts from ExecutiveBiz for 04/20/2015

Thomas Kennedy: Raytheon, Websense Eye Cyber Tech Integration Through New JV

Raytheon (NYSE: RTN) and Vista Equity Partners have agreed to integrate Raytheon’s cyber products division and Vista’s portfolio company Websense into a single cybersecurity technology firm…
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PAE to Help Ship Mail Transport Tools for Postal Service; John Heller Comments

PAE has been awarded a seven-year, $90.4 million contract to provide mail transport equipment support services to the U.S. Postal Service at an equipment service center in Chicago. The company said Friday it will process, store and ship mail transport equipment such as sacks, trays, pallets, wheeled containers and other equipment used to move mail among postal facilities…
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Adam Szubin to be Nominated Treasury Undersecretary for Terrorism, Financial Crimes

Adam Szubin, director of the Treasury Department‘s office of foreign assets control, will be nominated as undersecretary for terrorism and financial crimes at the agency. Szubin has directed OFAC since 2006 and concurrently holds the undersecretary role in an acting basis, the White House said Thursday
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EMC Buys Encryption Provider CloudLink; Chad Sakac Comments

EMC (NYSE: EMC) has bought security provider CloudLink for an undisclosed amount in a move to address data security requirements of clients, CRN reported Friday. Matt Brown writes Ottawa, Canada-based CloudLink will form part of EMC’s federation enterprise hybrid cloud and continue its membership in the Microsoft Azure ecosystem…
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L-3, Rockwell Collins Partner to Update Argentina C-130 Avionics System

Rockwell Collins has been selected to provide an avionics architecture for the Argentine military’s fleet of C-130 military transport planes. L-3 Communications serves as the prime contractor in Argentina’s C-130 systems modernization program and partnered with Rockwell Collins to integrate new avionics into the aircraft, Rockwell Collins said Wednesday
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Navy Eyes Production Rate Increase for Virginia-Class Submarines

The U.S. Navy is looking into the possibility of shipbuilders constructing three Virginia-class nuclear submarines a year for the military branch in the coming years, DoD Buzz reported Friday. Kris Osborn writes General Dynamics‘ Electric Boat subsidiary and Huntington Ingalls Industries‘ Newport News Shipbuilding division have built Virginia-class submarines at a production rate of two annually through a cooperative agreement…
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