News

Lockheed Martin (NYSE: LMT) will acquire by default Vector’s satellite technology assets in bankruptcy proceedings after the U.S. Bankruptcy Court for the District of Delaware announced that no qualified bids were submitted by a Feb. 21 deadline, SpaceNews reported Monday.

Qualcomm (Nasdaq: QCOM) CEO Steve Mollenkopf and Akhil Johri, former chief financial officer and executive vice president of United Technologies Corp. (NYSE: UTX), have been nominated to serve on the board of Boeing (NYSE: BA).

The Defense Advanced Research Projects Agency has chosen Lockheed Martin (NYSE: LMT) to build and demonstrate an extra-large unmanned underwater vehicle through DARPA's Manta Ray program.

Cubic’s (NYSE: CUB) GATR Technologies business has received a potential five-year, $99.4M task order to continue to provide engineering support services for the Defense Information Systems Agency’s Unified Video Dissemination System.

Charles Stark Draper Laboratory has secured a potential $200.7M contract modification to produce boost guidance systems for the submarine-launched Trident II (D5) missile

Senior officials at the Department of Defense identified “priority” projects valued at $18B combined that are not funded in President Donald Trump’s $705B budget request for fiscal year 2021, Inside Defense reported Friday.

Fifteen companies have won spots on a one-year, indefinite-delivery/indefinite-quantity contract contract to provide various fuel types to the Defense Logistics Agency’s energy unit.

Donald Trigg, an 18-year veteran of Cerner (Nasdaq: CERN), has been promoted as president of the Kansas City-based health information technology provider.

Kevin Phillips, president and CEO of ManTech International (Nasdaq: MANT) and a 2020 Wash100 award winner, said new business accounts for about 50 percent of the $2.9B in contract awards recorded in full fiscal year 2019 as the company continues to build on the government’s demand for digital transformation and cybersecurity technologies, the Washington Business Journal reported Friday.

James Younts, a government market veteran with 16 years of business development and capture experience, has joined NTT Data Services as senior director of Department of Defense and Defense Health Agency growth, FedHealthIT reported Friday.