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...
Peter Bruno, former senior manager of the intelligence, surveillance and reconnaissance group at HII (NYSE: HII), has joined Concurrent Technologies Corp. as senior director of business development, CTC said Thursday in a LinkedIn post. Prior to his one-year HII tenure, Bruno served as practice lead for engineering and logistics at Solutions Through...
Raytheon Wins $1.7B Navy Ship Engineering Contract; Henry Choi Named HII Mission Technologies Division VP for Business Development; 27 Inaugural Members to Serve on National AI Advisory Committee; Q&A With CACI EVP Steve Tolbert. Click to Unmute...
A new McAleese & Associates report says most defense prime contractors recorded a 2 percent to 3 percent increase in sales during 2021. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the fourth-quarter and full-year 2021 financial performance of Boeing (NYSE: BA), General Dynamics (NY...
Five companies hold positions on a five-year, $250 million contract to develop electronic warfare threat simulation and radar systems for U.S. Navy aircrew. Contractors will compete to help the military branch implement simulators and instrumentation to train naval aviation personnel in network-centric warfare and battlefield scenarios before their ...
Executive Mosaic, the leading provider in connecting, promoting and branding government and government contracting (GovCon) executives of consequence, has announced the winners of the 2022 Wash100 Award, the most prestigious and coveted award in all of GovCon to recognize the 100 executives who will impact the sector in the coming year. The 2022 Was...
