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...
A new McAleese & Associates report shows defense prime contractors recorded a 3 percent increase in sales during the third quarter of 2022 and sector operating margin of 11 percent. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, offered an analysis of the Q3 financial performance of Lockheed Martin (NYSE: LMT...
Tom Gentile, president and CEO of Spirit AeroSystems, and Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, have been elected to serve as chairman and vice chairman, respectively, of the Aerospace Industries Association’s board of governors for 2023. Eric Fanning, a previous Wash100 awardee, will continu...
General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary has received a potential $181.9 million contract modification to continue providing planning yard services for the U.S. Navy’s Arleigh Burke-class guided-missile destroyers. The modification marks the final option period on a previously awarded contract and covers the delivery of long lead-...
The board of directors at Battelle has appointed Kirkland “Kirk” Donald, a 37-year U.S. Navy veteran, to succeed John Welch as chairman. Welch, who has held the chairman role since 2012, will retire from the nonprofit applied science and technology development company after 21 years of service, Battelle said Tuesday. Donald has served as...
Kathleen Hicks, deputy secretary of the Department of Defense, met with members of the Defense Business Board and informed them about the initiatives to strengthen the defense industrial base’s resiliency, according to a DOD meeting readout released Thursday. During DBB’s first quarterly meeting for fiscal year 2023, the two-time Wash100...
Kathleen Hicks, deputy secretary of the Department of Defense and a 2022 Wash100 Award recipient, spoke with leaders of eight large primes to discuss strategic priorities for the Pentagon and business challenges facing the industry. DOD said Tuesday executives at BAE Systems, Boeing (NYSE: BA), General Dynamics (NYSE: GD), HII (NYSE: HII), L3Harris ...
Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Raytheon Technologies (NYSE: RTX) received the most money through Department of Defense contracts during the government’s 2021 fiscal year, according to data from the Pentagon’s Office of Local Defense Community Cooperation. The “Fiscal Year 2021 Defense Spending by State” report...
Continental Maritime of San Diego has secured a potential $204.5 million contract to help the U.S. Navy update, repair and maintain a pair of Arleigh Burke-class guided-missile destroyers. The shipyard operator will conduct depot modernization efforts associated with USS Chafee for fiscal year 2023 and USS Momsen for FY 2024 under the firm-fixed-pri...
A new McAleese & Associates report shows major defense prime contractors posted sector operating margins of approximately 11 percent in the second quarter of 2022, reflecting limited impact from the current 8.5 percent inflation. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q2 2...
