Boeing (NYSE: BA) has agreed to buy Spirit AeroSystems in an all-stock transaction valued at about $4.7 billion, or $37.25 per share. The acquisition is expected to conclude by mid-2025 and will include Boeing-related commercial, defense and aftermarket operations, the Arlington, Virginia-based defense and aerospace contractor said Monday. According...
Executive Mosaic’s GovCon Index inched lower Friday but the substantial gains in three of four trading sessions averted a fourth straight weekly loss. The index, which tracks the stock performances of 30 major government contractors, advanced 1.89% week-on-week to finish higher at $4,979.17. The S&P 500 (+0.6%) and Nasdaq Composite (+0.003%) h...
Patrick de Castelbajac, a more than 25-year aerospace industry veteran, will take on the role of chief strategy officer at GE Aerospace (NYSE: GE) on June 24. He will directly report to GE Aerospace Chairman and CEO Lawrence Culp and oversee the company’s enterprise strategic planning to advance long-term growth, the company said Tuesday. “With...
Starlab Space, a joint venture of Voyager Space and Airbus, has named industry executive and former NASA astronaut Tim Kopra as CEO in a string of leadership appointments. Kopra, a U.S. Army veteran, will also serve on Starlab’s board of directors and bring to the role his experience in space exploration as he oversees the...
Lockheed Martin (NYSE: LMT) has dropped plans to compete for the U.S. Air Force’s KC-135 aerial refueling fleet recapitalization program after it decided not to respond to a request for information. Lockheed partnered with Airbus on the recapitalization program, offering the LMXT strategic tanker based on the latter’s A330 Multi Role Tanker ...
Seven companies have landed positions on a potential $476 million contract to provide NASA with Earth observation data from commercial small satellites. The multiple-award, indefinite-delivery/indefinite-quantity contract covers the provision of commercial smallsat data products and related services to support the space agency’s Earth science ...
Information technology services provider Integral Federal has named David Gillispie as vice president of technology and appointed Kristen Mullins as VP of human resources. Gillispie will serve as the company’s technology subject matter expert and help drive business growth strategy and technology road map, Integral Federal said Tuesday. His 30...
BAE Strikes $5.6B Purchase Deal for Ball Aerospace; Forest Service Awards 5 Spots on $7.2B IDIQ for Wildfire Airtanker Services; Venice Goodwine Named Air Force Department CIO; Airbus US CEO Rob Geckle on Defense & GovCon Trends Click to Unmute ...
Impulse Space has raised $45 million in a round of Series A financing led by the venture capital arm of aerospace and defense contractor RTX (NYSE: RTX) The startup company said Monday it will use the money from the oversubscribed round to further develop Helios, its largest space vehicle designed to bring payloads directly to...
Tony Gingiss, formerly chief operating officer at Virgin Orbit, has assumed the COO role at satellite manufacturer Terran Orbital (NYSE: LLAP). He brings to the role more than two decades of production, operations and leadership experience in the defense and aerospace industries, Terran Orbital said Wednesday. Gingiss previously oversaw day-to-day o...
