In-Sight from January/February 2025

APPOINTMENTS

Bluestreak Compliance, a Registered Provider Organization (RPO), authorized by the CMMC Accreditation Body (Cyber-AB), hired Rory Godsell as a cybersecurity compliance specialist to assist customers and vendors in achieving compliance of NIST 800-171, CMMC, and DFARS. Godsell brings expertise in cybersecurity, penetration testing, ethical hacking, digital forensics, cyber operations, and project management along with Cyber Operations & Digital Forensics, CCNA CyberOps Associate, and Penetration Testing & Ethical Hacking certifications.

For more:
https://www.go-bluestreak.com

MERGERS AND ACQUISITIONS

AeroVironment acquiring BlueHalo

AeroVironment Inc. (AV) will acquire BlueHalo in an all-stock transaction with an enterprise value of approximately $4.1 billion, creating a more diversified global leader in all-domain defense technologies.

BlueHalo estimates it will achieve more than $900 million in revenues for 2024, in addition to a funded backlog of nearly $600 million. The transaction, unanimously approved by the companies’ board of directors or managers, is expected to close in the first half of calendar 2025. AV will issue approximately 18.5 million shares of AV common stock to BlueHalo. AV Chairman, President, and CEO Wahid Nawabi will be chairman, president, and CEO of the combined company. Jonathan Moneymaker, CEO of BlueHalo, will serve as a strategic advisor to Nawabi and the combined company management team. The AV Board of Directors will be expanded to comprise 10 members. The combined company will be headquartered in Arlington, Virginia, at AV’s corporate headquarters.

For more:
https://www.avinc.com

For more:
https://bluehalo.com

CONTRACTS

Kongsberg Defence and Aerospace is being awarded a $960,776,576 multi-year contract for Over the Horizon Weapons System (OTH-WS) encanistered missiles, also known as the Naval Strike Missile. Work will be performed in Kongsberg, Norway; Toulouse, France; ’t Harde, Netherlands; Schrobenhausen, Germany; Raufoss, Norway; Arendal, Norway; Northridge, California; Gloucestershire, United Kingdom; Chandler, Arizona; Camberley, United Kingdom; and various locations, and is expected to be completed by May 2031.

For more:
https://www.kongsberg.com

BAE Systems Technology Solutions & Services Inc. was awarded a $122,855,398 contract for systems engineering and integration support services and special studies in support of the U.S. Trident II Strategic Weapon System Program and D5 Life Extension 2 Strategic Systems Programs Alteration. Tasks to be performed include systems engineering and integration, test engineering, data analysis, and safety engineering. Work will be performed in Rockville, Maryland; Washington, D.C.; League City, Texas; and various other locations. Work is expected to be completed Sept. 30, 2027.

For more:
https://www.baesystems.com

The Boeing Co. is awarded a $9,236,965 contract modification to provide integrated logistics and engineering support in support of the Harpoon/Standoff Land Attack Missile Expanded Response Missile System and Harpoon Launch Systems for the Navy and various foreign military customers. Work will be performed in St. Charles, Missouri; St. Louis, Missouri; and Yorktown, Virginia, and is expected to be completed in Feb. 2026.

For more:
https://www.boeing.com

Textron Land Systems was awarded a $10,754,902 modification contract for the design of one Advanced Reconnaissance Vehicle Medium Caliber Autocannon Prototype Vehicle. Work will be performed in Hunt Valley, Maryland, with an estimated completion date of Jan. 30, 2026.

For more:
https://www.textronsystems.com

General Dynamics Ordnance and Tactical Systems was awarded a $31,063,718 contract for bomb bodies. Work locations and funding will be determined with each order, with an estimated completion date of Dec. 31, 2026.

For more:
https://www.gd-ots.com

Lockheed Martin Rotary and Mission Systems is being awarded an $83,300,055 contract for logistics, repair, and spare support for 161 AEGIS MK-41 vertical launch system components. All work will be performed in Moorestown, New Jersey. Work is expected to be completed by Nov. 2029.

For more:
https://www.lockheedmartin.com

REPORTS

The artillery systems market size is projected to reach $20.98 billion by 2031 from $11.99 billion in 2023 at a CAGR of 7.2% during that time according to The Insight Partners. Artillery systems refer to large sized firearms used by armed forces to perform firing operations in missions. The major artillery systems include howitzers, mortars, and rocket artillery. The constant tension between the nations such as Russia-Ukraine, India-China, Pakistan-India, Israel-Palestine, and U.S.-China is compelling their governments to strengthen their respective armed forces, propelling the procurement of warfare systems such as mortars and howitzers. Armed forces across different countries are investing in surface-to-air rocket artillery, self-propelled howitzers, early warning systems, and border surveillance systems. BAE Systems, General Dynamics Corp., Honeywell Int’l Inc., Israel Aerospace Industries Inc., Leonardo S.p.A, Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., SAAB AB, and Thales Group are among the companies focusing on developing defense countermeasure systems, including radar systems, artillery systems, communication and surveillance systems, and navigation devices.

For more:
http://www.theinsightpartners.com