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Raytheon Technologies (NYSE: RTX) posted $15.9 billion in fiscal year 2021 second quarter sales, which the company said was up 10 percent organically from the same period a year ago. The Waltham, Massachusetts-based defense and aerospace contractor also raised the low end of its full-year sales guidance to $64.4 billion from the previous $63.9 billi...
Consulting firm McAleese & Associates has released a report on recent congressional actions on the Department of Defense’s budget for fiscal year 2022. The Senate Armed Services Committee voted to approve and move the fiscal year 2022 National Defense Authorization Act to the Senate floor for consideration. Jim McAleese, founder of McAleese &a...
Robert Silverman, an executive vice president with Booz Allen Hamilton, was recently presented his first Wash100 Award, the most prestigious and coveted award in government contracting (GovCon), by Executive Mosaic CEO Jim Garrettson during a recent visit to BAH headquarters. For his 2021 Wash100 Award, Silverman was recognized for his leadership an...
Anduril Industries has secured a potential five-year, $99 million production other transaction agreement from the Defense Innovation Unit to make its counter-unmanned aircraft systems available for purchase by service branches. The P-OT agreement allows the U.S. Army, U.S. Air Force, U.S. Navy and the U.S. Marine Corps to buy and sustain AndurilR...
Lockheed Martin (NYSE: LMT) reported fiscal year 2021 second quarter sales of $17 billion, up 5 percent from the prior year period. The Bethesda, Maryland-based company said Monday its earnings for the quarter were $6.52 per share, or $1.8 billion, representing a 73 cents per share growth over results a year ago. Lockheed’s aeronautics segment...
The U.S. Air Force has awarded Raytheon Technologies (NSYE: RTX) a $212.05 million sole-source delivery order to provide fighter aircraft engines to Morocco to fulfill a foreign military sales requirement. The order is for F100-PW-229 install engines, manufactured by Raytheon’s Pratt & Whitney business, as part of an indefinite-delivery/in...
Joshua Marcuse, head of Strategy and Innovation for Google’s global public sector business, was presented his 2021 Wash100 Award, the most prestigious honor in all of government contracting (GovCon), on Tuesday during a visit from Executive Mosaic CEO Jim Garrettson. The Wash100 Award is an annual honor given to the elite members of the GovCon...
Jerry McGinn, executive director of the Center for Government Contracting at George Mason University’s School of Business and a 2021 Wash100 Award winner, said the White House should reaffirm the importance of allies and partners in efforts to address defense industrial base resilience. McGinn told Government Matters host Francis Rose in an interv...
Shield AI has acquired Heron Systems for an undisclosed sum to further expand its artificial intelligence engineering and reinforcement learning capabilities. Heron Systems is a software company founded in 1993 and is known for developing an AI pilot that emerged undefeated against a human Air Force F-16 fighter pilot in five rounds of simulated air...
The U.S. Army has selected five companies to receive funds that will support artificial intelligence and robotic technology prototyping projects under the service branch’s other transaction agreement with the National Advanced Mobility Consortium, Inside Defense reported Thursday. Contractors will prototype AI and robotic systems intended to b...
