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Dynetics -- now officially part of Leidos (NYSE: LDOS) -- has secured a potential five-year, $93M contract to help the U.S. Air Force update a range of equipment and systems used to simulate weapons. The company will modernize Guided Weapons Evaluation Facility systems, provide vehicle hardware for Air Force Research Laboratory's loop simula...

Arvind Krishna, senior vice president for cloud and cognitive software at IBM (NYSE: IBM), has been elected to serve as CEO and board member of the company, effective April 6. The board of directors also elected James “Jim” Whitehurst, an SVP at IBM and CEO of Red Hat, to serve as president of IBM....

The Defense Innovation Unit and the U.S. Navy have selected L3Harris Technologies (NYSE:LHX) to build and test an underwater drone for the service branch. L3Harris said Wednesday it will provide the Iver4-900 unmanned undersea vehicle as part of an other transaction agreement to support the Navy's Next Generation Small-Class Maritime Expeditio...

David Calhoun, formerly chairman of Boeing (NYSE: BA), took over as president and CEO of the aerospace and defense company Monday, Jan. 13. “Working together, we will strengthen our safety culture, improve transparency and rebuild trust with our customers, regulators, suppliers and the flying public,” Calhoun said in a statement published Mon...