Christopher Calio officially assumed the CEO post at RTX (NYSE: RTX) on May 2, adding it to his president post and succeeding Gregory Hayes, who will continue to serve as the defense contractor’s executive chairman. In a statement published Thursday, Calio said that he underscored during the 2024 Annual Shareowners Meeting the opportunity for ...
Lockheed Martin (NYSE: LMT) has dropped its plans to buy small satellite manufacturer Terran Orbital (NYSE: LLAP) for more than $500 million, SpaceNews reported Thursday. The Bethesda, Maryland-based aerospace and defense contractor confirmed to SpaceNews that it will no longer pursue its offer to acquire Terran Orbital. “We are committed to suppo...
HII (NYSE: HII) has posted $2.8 billion in revenues during the first quarter of 2024, a 4.9 percent increase from the prior-year period, and reported an operating income of $154 million, up 9.2 percent compared to the previous year. The company attributed its revenue increase to growth in its mission technologies and Ingalls Shipbuilding segments,...
The Defense Information Systems Agency has awarded 10-year recompete contracts to Verizon (NYSE: VZ), AT&T (NYSE: T) and Secure Federal Operations to provide priority telecommunications support services for the Cybersecurity and Infrastructure Security Agency during natural disasters and national security emergencies. The sole-source contracts w...
The Next Generation Air Dominance initiative is a major U.S. Air Force effort to create a sixth-generation “family of systems” that will supplant its current fleet of F-22 Raptor aircraft. Though many program specifics are still shrouded in secrecy, it is one of the service branch’s highest priorities. It is also a notable portion of...
Seven companies have secured spots on a potential 11-year, $820 million contract to provide commodities depot activation support services for the U.S. Air Force’s KC-46 aerial refueling and military transport aircraft fleet. The contractors will provide line replaceable units and commodities to establish organic depot repair capabilities of th...
Former military service members Roy Kitchener and David Gaedecke have been appointed senior executive advisers at Booz Allen Hamilton‘s (NYSE: BAH) global defense business. Both veterans bring decades of military experience and will provide advice to Booz Allen’s leadership team on the development and delivery of new capabilities for glo...
The U.S. Army is looking to solve some key challenges for its contractors with a new digital center of excellence and a small “cell” unit to help with software development and acquisition specifically. The service branch’s Chief Information Officer Leonel Garciga, who was appointed to his post last year, said that some of the Army’s most f...
By Warren Linscott, Senior Vice President & Chief Product Officer at Deltek Over my career, I’ve closely followed the growth paths of small businesses in the government contracting space. I’ve seen several behaviors and practices that contributed to successfully growing their business. The first may be a cliché but it holds true now more th...
Intrepid has received a potential five-year, $445.8 million contract from the U.S. Army to provide support services for the General Fund Enterprise Business System. Army Contracting Command at Redstone Arsenal in Alabama launched an online solicitation and received one offer for the cost-plus-fixed-fee contract, the Department of Defense said Tuesda...
