RTX (NYSE: RTX), formerly Raytheon Technologies, posted $18.3 billion in fiscal 2023 second quarter sales, up 12 percent from the prior-year period, and saw its adjusted earnings per share increase 11 percent to $1.29 during the quarter. The Arlington, Virginia-based aerospace and defense contractor said Tuesday its backlog at the end of the quarter...
Systems Planning and Analysis underwent an executive leadership change in November 2022 when Bill Vantine retired and Rich Sawchak took the helm as the company’s new CEO. Sawchak refocused the organization’s strategy and structure and is leading SPA to accelerated growth through a combination of organic and acquisition-based expansion ...
Since its launch in 2022, the Army of 2030 initiative has guided the service branch toward its modernization goals. Now characterized by Army Secretary and 2023 Wash100 winner Christine Wormuth’s recently announced six operational imperatives – see and sense farther, mass dispersed forces with combat first, win the fires fight, protect...
All of the four-star generals of the U.S. Air Force and the vast majority of three-stars assembled in June at a table top exercise that demonstrated various scenarios regarding strategic maneuvers required when carrying out logistics in contested settings and conditions. The service’s leaders saw it as a highly beneficial process that is nece...
Explore the largest military shipbuilding companies, building the U.S. Navy and Coast Guard fleet and ensuring maritime strength and security. Strengthening maritime presence has consistently remained a key priority of the U.S. federal government. In pursuit of this objective, the military engages in contracts with the largest shipbuilding co...
As competition ramps up in space, the evolving domain has taken center stage among U.S. Department of Defense priorities. Ensuring dominance in this novel warfighting environment requires a number of new capabilities, but to keep pace with adversaries, they must be developed and deployed more quickly than ever before. Tasked with developing, fi...
Executive Mosaic has appointed Jen Sovada, president of public sector at SandboxAQ, as chairman of the Quantum Group for its 4×24 executive leadership program. The 4×24 program is a widely-attended series of networking and dinner events designed for groups of senior-level industry executives and government leaders to foster...
By Chuck Brooks, President of Brooks Consulting International Cyber awareness means strong risk management While it is true that anyone and everyone is vulnerable to cyber-attacks, there are available protections and defenses for helping mitigate those threats. It starts with having a risk management strategy and being proactive. Because of the emer...
The U.S. Department of the Air Force is looking toward a revised strategy in how it goes about procuring technologies from industry partners and encouraging innovation in the commercial sector. In order to speed up the fielding and implementation of new tools, DAF leaders are turning to alternative sources for products and services. “We have...
The Federal Trade Commission and the Department of Justice are seeking public comments on a draft update of guidelines meant to help federal regulators determine if merger and acquisition deals affect U.S. market competition. FTC said Wednesday the draft enforcement manual outlines 13 guidelines agencies may use to determine whether a proposed...
