The U.S. Army has procured more 155mm Excalibur projectiles from Raytheon, a subsidiary of RTX (NYSE: RTX), under a $276.5 million modification to a previously awarded firm-fixed-price contract. Raytheon secured a $200.2 million initial award in April 2019 to supply containerized M982A1 Excalibur Increment IB munition to soldiers. The Department of ...
A new McAleese & Associates report shows that defense prime contractors posted a 7 percent to 9 percent rise in sales during the second quarter of 2022 and record-high backlogs as the Department of Defense accelerates contract awards. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the...
Jerry Boegler, vice president of growth for Axient‘s national security and space systems segment since June 2021, has been promoted to the chief growth officer role. He will lead strategy development, advise on merger-and-acquisition activity and supervise teams focused on business development, capture, proposal and pricing functions, Axient s...
Andrew Campbell was elevated to the role of vice president of business development at Leidos‘ (NYSE: LDOS) Australian business arm, where he recently served as director of capture operations. He will be responsible for driving in-country business pursuits through oversight of capture and business development professionals, Leidos Australia sai...
Kurt Bender, a 15-year information technology veteran in the aerospace and defense industries, has joined BWX Technologies (NYSE: BWXT) as director of IT. Bender announced his new role on a LinkedIn post Sunday and said he looks forward to driving digital transformation in the government and commercial sectors. He most recently served as senior dire...
Gary Sauer, a former program manager at the Defense Advanced Research Projects Agency, has been named vice president of business development for advanced research and development at Eqlipse Technologies. He will lead the expansion and transition of Eqlipse’s R&D capabilities to operational programs that support defense and intelligence com...
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...
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 federal government allocates substantial financial services amounting to millions and even billions of dollars to procure a diverse range of services encompassing defense, weaponry, healthcare, cybersecurity, space missions, and more. Federal agencies enter into contracts with private companies that offer these specialized services to accomplish...
