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Christopher Calio, president and CEO of RTX, has been elected as the aerospace and defense company’s chairman of the board of directors. The Arlington, Virginia-based contractor said Monday Calio’s appointment will take effect on April 30. He will succeed Gregory Hayes, who will step down from his post as executive chairma...
Lockheed Martin has received a U.S. Navy contract worth approximately $1.36 billion to produce AN/BLQ-10 electronic warfare systems for the military branch’s submarines. The Department of Defense said Monday Naval Sea Systems Command conducted a full and open competition for the indefinite-delivery/indefinite-quantity contract and will obligat...
Horacio Rozanski, president and CEO of Booz Allen Hamilton and a three-time Wash100 awardee, stressed the need for speed and that the U.S. “cannot afford to be second” to China in the field of artificial intelligence. Rozanski’s Insights on DeepSeek When asked about DeepSeek, Rozanski said on Monday during CNBC’s “Closing Bell Over...
While Guidehouse has been acquired twice since emerging from the public sector segment of PwC in 2018, CEO Scott McIntyre tells us that there were three key things in common between Veritas Capital and Bain Capital, the two purchasers. The Wash100 Award winner spoke to Executive Mosaic late last year in a video interview with Senior Conten...
Spirit AeroSystems shareholders approved the potential sale of the Wichita, Kansas-headquartered aerospace company to Boeing. In a statement published Friday, Spirit Chief Financial Officer Irene Esteves said, “Our shareholder’s resounding approval today represents an important milestone in our carefully planned merger with Boeing. As we...
Hewlett Packard Enterprise and Juniper Networks maintained that the proposed $14 billion acquisition between the two companies is “pro-competitive” in response to the Department of Justice’s decision to file suit to block the all-cash deal. “We will vigorously defend against the [DOJ’s] overreaching interpretation of an...
By Kim Koster, Vice President of Industry Marketing at Unanet 2024 has come to an end. You’ve closed your books and moved on to 2025. Before you look ahead, however, one question: How did your year-end accounting process go? Was it smooth and painless, or did an inefficient process and disorganized data cause you headaches? ...
RTX reported $21.6 billion in fiscal 2024 fourth-quarter sales, up 9 percent from the prior-year period, and recorded $218 billion in total backlog with the defense segment accounting for $93 billion of that backlog. For the full year 2024, the Arlington, Virginia-based aerospace and defense contractor said Tuesday it saw its adjusted sales ri...
Lockheed Martin has reported 2024 net sales of $71 billion, a 5 percent increase from $67.57 billion generated in 2023, and backlogs of $176 billion compared to just $160.6 billion the year prior. The company said in its recent earnings release that it is expecting a modest increase in net sales in 2025. “2024 was...
General Electric’s Edison Works business has secured a potential $3.5 billion contract modification from the U.S. Air Force to perform technology maturation and risk reduction services in support of a program that aims to develop advanced jet engine technology. Next Generation Adaptive Propulsion Program The Department of Defense said Mo...
