The Department of State has approved the Egyptian government’s request to purchase the National Advanced Surface-to-Air Missile System. RTX will serve as the principal contractor for the proposed foreign military sale, which is estimated to be valued at $4.67 billion, the Defense Security Cooperation Agency said Thursday. The weapon system pur...
Defense technology company Parry Labs has appointed Amber Walker, most recently senior vice president of ground, C2 and maritime systems, as chief growth officer. In this capacity, Walker will report directly to Parry Labs CEO JD Parkes as she oversees enterprise growth efforts across all defense sectors with a focus on driving strategic partnership...
General Dynamics saw its fiscal 2025 second-quarter revenue increase 8.9 percent to $13 billion and reported $3.74 in Q2 diluted earnings per share, up 14.7 percent from the prior-year period. In an earnings release published Wednesday, the Reston, Virginia-based defense and aerospace contractor said its Q2 operating earnings rose 12.9 percent to $1...
Rare earth elements are some of the most indispensable materials in modern technology. These 17 elements from the periodic table, such as gadolinium, praseodymium and lanthanum, play critical roles in national security weapon systems while spanning many sectors of the global economy, including IT, transportation and telecommunications. Because ...
The U.S. Navy has named HII Fleet Support Group and six other companies that secured spots in an indefinite-delivery/indefinite-quantity, multiple award contract to support the Naval Education Training Command’s Naval Training Products and Services program. The Department of Defense said Wednesday that the contract has a ceiling value of $240 ...
Electronic connector manufacturer Amphenol has acquired Narda-MITEQ from investment affiliates of private equity firm J.F. Lehman & Co., or JFLCO, for an undisclosed sum. Manufacturing RF, Microwave Tech for Defense Markets JFLCO said Thursday Narda-MITEQ designs and produces advanced radio frequency and microwave components and subsystems for d...
A Northrop Grumman business has received a potential five-year, $495 million contract from the U.S. Air Force to provide technical representative engineering support for major defense programs. Hear experts discuss the air and space branches’ latest contracting opportunities, tech advancements and more at the Potomac Officers Club’s 2025...
Global artificial intelligence and cybersecurity firm Palo Alto Networks has finalized the acquisition of Protect AI, a company specializing in securing AI applications and models. Enhancing AI Security Capabilities Palo Alto Networks said Tuesday it will integrate Protect AI’s technology and expertise into its Prisma AIRS AI se...
Lockheed Martin reported $18.2 billion fiscal 2025 second-quarter sales, a total backlog of $166.5 billion and Q2 net earnings of $342 million, or $1.46 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $201 million during the second quarter of 2025, d...
Booz Allen Hamilton, in partnership with L3Harris Technologies, will deliver a prototype of the Advanced Battle Management System Distributed Battle Management Node Phase II Tactical Operations Center-Light for the Department of the Air Force Program Executive Office for Command, Control, Communications and Battle Management. The work will be perfor...
