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The governments of U.S. and Germany have agreed on the procurement of 35 F-35 Lightning II aircraft, manufactured by Lockheed Martin (NYSE: LMT), in a deal aimed at strengthening the latter’s operational interoperability with allied nation partners. The transaction covers the provision of engines, spare and replacement parts, mission equ...
Boeing (NYSE: BA) has secured a $109.1 million contract modification from the Missile Defense Agency to continue the development and sustainment of the Ground-Based Midcourse Defense system against potential ballistic missile attacks. The recent award extends the performance period by 12 more months ending December 2024 and increases the value of th...
A Veritas Capital affiliate has bought Chromalloy parent company Sequa from Carlyle (Nasdaq: CG) in a move aimed at expanding the New York-based technology investor’s portfolio with aftermarket services for aviation, energy and defense customers. In a statement published Tuesday, Ramzi Musallam, CEO and managing partner of Veritas, highlighted...
Coming out of his undergraduate work in chemical engineering at the University of Tennessee, Kent Wilcher considered three industries: oil and gas, pharmaceuticals and defense. After some brief deliberation, his answer was fairly easy. He decided to serve the defense industry because of his belief in its mission—he wanted something highly technica...
A General Dynamics (NYSE: GD) subsidiary has booked a one-year, $50.1 million contract modification from the U.S. Navy to carry out post-delivery work on a Virginia-class fast-attack submarine that entered service in June. General Dynamics Electric Boat will provide support services to USS Montana (SSN 794) under the cost-plus-fixed-fee award, the D...
Michael Buscher, a defense and intelligence industry veteran, has been appointed executive director of enterprise operations at counter-unmanned aerial systems developer Fortem Technologies. He will be based out of the company’s new office in Washington, D.C., and will coordinate Fortem’s business development strategies and engagem...
Joel Krooswyk, federal chief technology officer at GitLab (Nasdaq: GTLB), said “open source developers take pride in their code” and their commitment to security reflects through their collaborative efforts to quickly address vulnerabilities. “Neither corporate nor individual contributors want their names on code that has vulnerabilities. Ther...
The U.S. Air Force has awarded 92 companies positions on a potential 10-year, $900 million contract to come up with innovative approaches to advance the development of multidomain systems. The Air Force Life Cycle Management at Wright Patterson Air Force Base in Ohio is the contracting activity and received 94 proposals for the indefinite-delivery/i...
The Army West Point’s Black Knights defeated the U.S. Naval Academy’s Midshipmen by a final score of 20-17 in the 123rd edition of the football rivalry game between the two military academies, The Washington Post reported. Saturday’s event at the Lincoln Financial Field stadium in Philadelphia marked the first Army-Navy matchup to reach ov...
The venture capital arm of Raytheon Technologies (NYSE: RTX) has invested in EpiSci to help the latter scale its Tactical AI platform and further develop autonomy technology systems. RTX Ventures will offer guidance as EpiSci works to develop collaborative autonomy platforms demonstrate the implementation of a model-based autonomy architecture that ...
