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Srini Dixit, chief financial officer of the global spectrum dominance unit at Raytheon for the past year, has taken on CFO responsibilities within the air power unit of RTX’s (NYSE: RTX) defense-focused business. Dixit announced his new position at Raytheon in a LinkedIn post and concurrently holds the vice president of finance title. He joine...
Executive Mosaic, the Capital region’s premier government contracting membership organization, has named Lockheed Martin Vice President Jim Keffer as the chair of its 4×24 leadership series’ Multi-Domain Group. 4×24 is a favored tradition among GovCon’s most esteemed professionals, a combined social gathering, meeting of th...
Science Applications International Corp. (NYSE: SAIC) posted $247 million in net income for the second quarter of its 2024 fiscal year, up 234 percent from the prior-year period. SAIC said Thursday revenue for the quarter ended Aug. 4, 2023, fell 3 percent from the prior year period to $1.78 billion, an activity the company attributed...
Intelligence Community leaders have recognized the need to evolve to compete in the constantly changing intelligence landscape. To accomplish its transformation goals, the IC has embarked on an all-encompassing modernization journey that considers not just technology, but its people and priorities. At the Potomac Officers Club’s 9th Annual Intel ...
Anduril Industries has acquired Blue Force Technologies, a Morrisville, North Carolina-headquartered manufacturer of unmanned aircraft, in a deal to expand the former’s fleet of autonomous systems. Following the transaction whose financial terms were not disclosed, Anduril said Thursday it will utilize Blue Force Technologies’ digital en...
Redcom Laboratories will provide communications hardware and software products to the U.S. Army under a potential five-year, $100 million contract. The indefinite-delivery/indefinite-quantity award offers the service branch a vehicle to procure the Sigma products suite, including the XRI-400 command-and-control platform and the C2 Console applicatio...
Mark DeMerse is a thought leader at Carahsoft on 5G and private wireless networks in the public sector. During his nearly 12 years with the company, the sales director has collaborated with Carahsoft’s ecosystem of cellular solution providers to help government organizations take advantage of the latest telecom technology. DeMerse recently partici...
A Cerberus Capital Management affiliate has invested an undisclosed amount in aerospace survivability technology provider Resonant Sciences to help drive the latter’s growth and product development strategies. Baird acted as the exclusive financial adviser to Resonant Sciences on its deal with Cerberus’ Supply Chain and Strategic Opportu...
Intel’s (Nasdaq: INTC) foundry business segment will produce 65-nanometer power management BCD technology for Tower Semiconductor (Nasdaq: TSEM) and allow the latter to use its manufacturing facility in Rio Rancho, New Mexico, under an agreement. The agreement will provide Tower with more than 600,000 photo layers of capacity corridor per month to...
BAE Systems was awarded a $797 million initial order to proceed with full-rate production of the Armored Multi-Purpose Vehicle for the U.S. Army. The service branch said Thursday the contract value could reach $1.6 billion if it exercises options to order additional units of the AMPV, which is designed to replace the M113 family of...
