As it intensifies its digital modernization, the U.S. Army is quickly acquiring and incorporating new technologies that expand the service branch’s toolkit in a contested geopolitical era. This process has introduced new capabilities that demand power at a range of signatures. “We are literally a Christmas tree,” said the Army’s Young B...
The shares of General Dynamics (NYSE: GD) popped 4.03 percent to $242.40 on mid-week after the company reported a 6 percent year-over-year revenue growth in the third quarter of 2023 to $10.6 billion versus Q3 2022. Another business highlight was the $95.6 billion company-wide backlog, the highest ever in the defense contractor’s history. Net earn...
Keith Flynn, formerly senior vice president of product and engineering at Glydways, has taken on the newly created role of SVP of manufacturing at Anduril Industries. He will help scale the production of autonomous systems for domestic and international customers and lead a team of 200 engineers and technicians across the U.S. and Australia, Anduril...
Robert W. Baird & Co. will host the sixth edition of its annual Government and Defense Conference on Wednesday, Nov. 15 at the Ritz-Carlton, Tysons Corner. The event gives voice to leadership from many high-profile private sector entities in the government services industry as well as top federal officials. Speakers offer pedigreed perspectives...
The shares of RTX (NYSE: RTX) popped 7.18 percent to $78.38 after the aerospace and defense company reported a year-over-year Adjusted sales growth of 12 percent to $19 billion in the three months that ended Sept. 30, 2023. Besides announcing a $10 billion stock buyback program, RTX also entered into a definitive agreement to sell its...
CAE (NYSE: CAE) has agreed to sell its health care business unit to Chicago-based Madison Industries for approximately $226.3 million as the Canadian aerospace and defense company seeks to focus on its core training and simulation markets. Both companies expect to close the transaction before the end of fiscal year 2024, subject to closing condition...
Justin Woulfe is the chief technology officer of Systecon North America, a company focused on bringing cutting edge lifecycle management and operational readiness services to a variety of industries, including the defense sector. Since we last spoke with Woulfe in January, he and his cohort have been busy: they’ve successfully secured and...
Michael Moore, principal of partner solutions and technology at Neo4j, said government agencies looking to uncover insights into security vulnerabilities should consider adopting a graph database platform that could provide an “explicit treatment of the relationships between data points” and a “traversable, networked view of their data.” In ...
Today, the influence of technology on homeland security is stronger than ever before. With cyberattacks now intertwined with more traditional homeland security threats, the U.S. Department of Homeland Security is racing to adopt the technologies necessary to tackle a shifting array of challenges. At the Potomac Officers Club’s 2023 Homel...
Lockheed Martin (NYSE: LMT) has dropped plans to compete for the U.S. Air Force’s KC-135 aerial refueling fleet recapitalization program after it decided not to respond to a request for information. Lockheed partnered with Airbus on the recapitalization program, offering the LMXT strategic tanker based on the latter’s A330 Multi Role Tanker ...
