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Sarcos Technology and Robotics (Nasdaq: STRC and STRCW) has established an artificial intelligence-focused business segment to cater to the demands of the defense market, and selected Denis Garagic, the company’s chief technology officer, to lead the new unit. The Advanced Technologies division will market Sarcos’ AI and machine learning...
Rahul Thakkar, a former Amazon Web Services managing director, has been named president of BAE Systems‘ Bohemia Interactive Simulations subsidiary. Thakkar will oversee the day-to-day operations of the military training and simulation software developer and explore potential market opportunities for the business, BISim said Tuesday. He previou...
Helen Soln, former vice president of proposal operations at Leidos (NYSE: LDOS), has taken on the same role at cyber and signals intelligence engineering company Eqlipse Technologies. She will build, manage and expand Eqlipse’s proposal development center and help identify new business opportunities in the defense and intelligence sectors, the...
Private equity firms Blackstone (NYSE: BX) and Veritas Capital Fund Management and major defense contractors such as General Dynamics (NYSE: GD), BAE Systems and Textron (NYSE: TXT) have expressed interest in acquiring Ball Corp.’s (NYSE: BALL) aerospace business, which could be valued at more than $5 billion, Reuters reported Friday. The report s...
The Department of Defense announced a $20 billion increase to the potential value of a contract vehicle for technology research and development services to the Department of Defense Information Analysis Center. DOD on Wednesday listed the modification awardees under its IAC Multiple-Award Contract, saying the ceiling boost brings the program’s...
Ball Corp. (NYSE: BALL) has begun exploring potential buyers of its estimated $5 billion aerospace business through an auction process, Reuters reported Friday. The aerospace unit constituted 13 percent of the Westminster, Colorado-based company’s 2022 revenue and has drawn interest from Textron (NYSE: TXT), BAE Systems and other defense compa...
Julia MacDonough, a 25-year military and civil space veteran, has joined Draper as vice president and general manager of space systems. She will lead strategy execution efforts meant to drive growth in one of Draper’s key business areas, the nonprofit research and development company Wednesday. Her career began in the U.S. Air Force, where she...
A Concurrent Technologies Corp.-led industry team will conduct technology research for a U.S. Marine Corps ground transport vehicle replacement initiative under a contract from the Office of Naval Research. CTC said Friday the partnership with BAE Systems, MSI Defense and Mack Trucks’ defense business aims to develop conceptual models of the N...
BAE Systems and four other companies will compete for waterborne surface shaft repair projects under a U.S. Navy contract worth $162 million over five years. The service branch officially awarded six positions on the multiple-award contract vehicle to include BAE’s ship repair businesses in Virginia and California, according to a Department of...
BAE Systems has received a $463.2 million contract from the U.S. Army to maintain 155 mm lightweight towed howitzers for domestic and foreign military customers. The firm-fixed-price award covers the provision of catalog parts and manpower services to support the life cycle sustainment of the U.S. and Australian M777A2 howitzer fleet and Canada̵...
