Navy Secures Funding for Fire Scout Helicopter Drone Program

The U.S. Navy has secured funding for the MQ-8 Fire Scout program, according to AOL Defense.

Congress allotted the Navy $191 million to buy 12 long-range variants of the helicopter-drone. Prime contractor Northrop Grumman and the Navy are working to build new C-model Fire Scouts.

Mike Fuqua, Northrop’s head of business development for tactical unmanned systems, said…

BAE Contracted to Design and Integrate Navy C4I Communication Systems

The U.S. Navy has awarded BAE Systems’ technology solutions and services business a $17,999,247 cost-plus-fixed-fee contract to support shipboard C4I electronic communication systems.

The contract puts BAE to work in St. Inigoes, Md. on designing, integrating, testing, installing and certifying shipboard C4I electronic communication systems. The project is expected to be complete by Sept. 2016.

The Naval Air Warfare Center Aircraft Division, Patuxent…

BAE Systems: More Business after Sony Hack

BAE Systems said its cybersecurity division is getting more business in the wake of the attacks on companies such as Sony Corp, Bloomberg reports.

In the last half-year, there has been “a significant shift in the understanding of cyber threats within board rooms,” Martin Sutherland, managing…

BAE Systems on the Lookout for Cyber Acquisitions

Defense contractor BAE Systems is looking for acquisitions in the electronics, cybersecurity and intelligence fields to boost the company’s growth strategy, chairman Dick Olver told Reuters.

BAE is “always scanning and looking at opportunities where we can reinforce the good bits of business which are in line with our…

Expert: ‘Ludicrous’ Price Tags on Cybersecurity Acquisitions

The price of cybersecurity firms has been pushed to “ludicrous” levels by defense companies desperate to move into the fast-expanding market, according to an industry expert.

Andy Stevens, the chief executive of Cobham, said he was “not even bothering” to pursue acquisition opportunities in cybersecurity because competitors were willing to pay absurd prices,…

Report: Cyber Crime Costs UK $44 Million Every Year

British government estimates say cyber crime costs the nation more than £27 billion, roughly $43.5 billion a year, with industry experiencing the biggest economical loss.

A report by the Office of Cyber Security and Information Assurance and BAE Systems-owned Detica released today concluded web crime is an expanding, widespread problem, and efforts to…

BAE Systems Buys Danish Cyber Firm for $212M

British defense firm BAE Systems has inked a deal to buy ETI A/S, a Danish cybersecurity firm, for approximately $212 million.

ETI employs nearly 260 people and is headquartered in Denmark with operations in the U.K, United States, and the Asia and Middle East regions.

The acquisition of ETI supports BAE Systems’…

Study: 94 % of UK Firms Believe They Can Handle Cyber Attacks

Some 94 percent of U.K. firms say they are well equipped to handle a cyber attack, despite most organizations having inadequate defenses to thwart web-based assaults, according to BAE Systems.

The firm’s Detica cybersecurity division revealed in its first annual Cyber Security Monitor report that 82 percent of firms believe cyber…

BAE Systems Acquires Aussie Cybersecurity Company

Defense contractor BAE Systems has inked a deal to acquire stratsec.net, an Australian cybersecurity consulting firm, for approximately $23 million.

The acquisition will expand BAE Systems in the growing area of cybersecurity and intelligence.

“This acquisition supports our strategy to expand our existing information security services,…

BAE Systems Picks Paul Falkler as New Cyber Lead

BAE Systems Inc. has named Paul Falkler the head of the company’s Cyber Security Solutions business group.

Starting Nov. 1, Falkler will be a vice president and general manager, reporting to John Gannon, president of the Intelligence and Security sector.

“Paul has been on the leading edge of cybersecurity development for …