The U.S. Army has awarded AeroVironment (Nasdaq: AVAV) an additional contract ceiling of $743 million to continue producing Switchblade loitering munition systems for the military branch and several allied countries, including Sweden, Lithuania and Romania. The company said Monday the award includes a $54.9 million delivery order issued under the pr...
Executive Mosaic’s GovCon Index closed higher at $5,505.35 (+1.44%) after recovering from a steep 1.05% decline on Thursday. The index, which tracks the stock performance of 30 major government contractors, posted a 0.65% week-on-week gain, maintaining its winning run. Wall Street’s major stock indexes also finished strong before ...
Chris Owen has been elevated to the role of vice president of defense application development and networking at Peraton, the executive announced on LinkedIn Saturday. Prior to his promotion, Owen was Peraton’s senior director for the U.S. Air Force and Army. Owen was with Perspecta when it was acquired by Veritas Capital and the...
Interos will bring together the brightest minds in supply chain risk management for a one-day event this October to discuss pressing issues across artificial intelligence, cyber, geopolitical risks, ESG and more. One of the sessions at Interos’ 2024 Risk Intelligence Summit will be featuring Paul Nakasone, a retired U.S. Army general who serve...
Activity is constantly moving across and into the theater of the Middle East and central Asia, with sizable impacts for global security and global commerce. There are countless “ripple effects” from this area, such as Iranian drones that have appeared on battlefields in Ukraine. To manage such a complex and expansive situation, partnerships and ...
Casey Cowell, executive chairman of ATLAS Space Operations, was named interim CEO of the software company that provides satellite ground communications and antenna network services for commercial and government agencies. ATLAS said Thursday Cowell will succeed John Williams, who is stepping down as president and CEO and is transitioning to an execut...
The Federal Trade Commission has approved through a unanimous vote a final rule that will require parties to certain mergers and acquisitions to provide more information to help FTC and the Department of Justice’s antitrust division better screen M&A transactions for potential competition issues. FTC said Thursday the final rule seeks to u...
Raft has recently established the chief operating officer and chief people officer roles within its leadership team to mark its rapid growth and commitment to innovation and scaling operations. The company said Wednesday Mark Procaccini, former senior vice president of operations, was promoted to COO, while Danielle McCoy was elevated to CPO post fr...
A General Dynamics (NYSE: GD) subsidiary has secured two U.S. Navy contract modifications valued at approximately $1.2 billion combined to provide materials to support the construction of Block V and VI Virginia-class nuclear-powered attack submarines. Contract Action for Block V Submarines The Department of Defense said Tuesday a potential $878 mil...
Michael Tarulli, a chartered financial analyst and a previous Wash100 Award winner, has rejoined Goldman Sachs Group (NYSE:GS) as partner and global head of aerospace & defense within global banking & markets. Goldman Sachs said Tarulli most recently worked at Evercore (NYSE: EVR) for over a year as senior managing director of aero...
