Daniel Gelston, a two-decade intelligence and defense industry leader, will begin serving as president of defense and security group at CAE (NYSE: CAE) on Aug. 24.

Koucar Management’s American Holoptics subsidiary has completed its acquisition of a L3Harris Technologies  (NYSE: LHX) business unit that manufactures holographic sighting systems intended for military, law enforcement and commercial applications.

The CEOs of eight defense contractors wrote separate letters to the White House and the Department of Defense saying that the money sourced from DoD’s budget to help companies retain highly skilled employees during the COVID-19 pandemic should be replaced with new funds to prevent military modernization programs from being jeopardized, Reuters reported Thursday.

U.S. Special Operations Command has awarded six companies positions on a potential $975M indefinite-delivery/indefinite-quantity contract to provide intelligence, surveillance and reconnaissance services with mid-endurance unmanned aircraft systems.

Heidi Wood, an aerospace and defense industry veteran, has been appointed acting president of defense and security group at CAE (NYSE: CAE). She will replace Todd Probert, who will step down on June 26 from his role to join the U.S. national security community, CAE said Tuesday.

The U.S. Air Force has awarded 27 companies spots on a potential five-year, $950M contract to develop and operate systems across ground, air, maritime, space, electromagnetic spectrum and cyber domains in support of the Joint All Domain Command and Control program.

Raytheon Technologies (NYSE: RTX) has provided $450M in expedited payments to its suppliers in line with the Department of Defense’s response to the COVID-19 pandemic, Inside Defense reported Thursday.

The U.S. Navy has selected 25 companies for a potential 11-year, $7.14B contract to perform full-rate production of aircraft components and aviation systems for the Naval Air Warfare Center Aircraft Division.

TYSONS CORNER, VA, April 6, 2020 — Roger Krone, chairman and CEO of Leidos (NYSE: LDOS) and a recipient of the 2020 Wash100 award, believes that the company will continue to grow regardless of current events, ExecutiveBiz reported March 19.

Executive Mosaic is pleased to present Roger Krone, chairman and CEO of Leidos, as an inductee into the 2020 Wash100 Award for driving company growth through the acquisitions of Dynetics as well as L3Harris security detection and automation businesses. This marks the seventh consecutive-time that Krone has received a Wash100 Award, which means he’s been given this honor every year of the award’s existence.