Rapid Fire: Evening 2011-06-13 | MoD’s Major Projects Review Board
- Fitch Ratings grades Lockheed Martin’s financial status as ‘A-‘. The ratings are supported by such factors as Lockheed Martin’s competitive position in the defense sector and growth prospects for several large programs. F-35 program restructuring and related cost growth gives cause for concern.
- The Director of the Defense Security Cooperation Agency says the Defense Department is streamlining the administration of the foreign military sales program. The move comes as foreign military sales average $30 billion for each of the last three years, up almost three-fold from the 2005-2008 timeframe.
- Honeywell announces that it has signed a definitive agreement to acquire EMS Technologies, Inc., a provider of connectivity solutions for mobile networking, rugged mobile computers, and satellite communications, for approximately $491 million.