Xcelerate Solutions has welcomed Doug Kollme as chief financial officer. Kollme, who announced the appointment in a LinkedIn post on Thursday, joined Xcelerate with over a decade of experience as CFO of high-growth technology and services companies. Who Is Doug Kollme? The executive most recently served as CFO of Iron Bow Technologies. He also held...
Antenna Research Associates has named Ash Srivastava as chief financial officer, Citybiz reported. Srivastava, who brings more than two decades of experience in financial management, will oversee the company’s financial strategy and operations and contract compliance as it advances strategic growth initiatives. “Ash brings deep expertise...
The U.S. Space Force has awarded five companies positions on the Protected Tactical Satellite Communications-Global, or PTS-G, contract, which has a ceiling value of approximately $4 billion. According to award notices published Tuesday on SAM.gov, the awardees are Astranis Space Technologies, Boeing, Intelsat General Communications, Northrop Grumma...
Siemens Industry has booked a $99.3 million requirements, indefinite-delivery contract from the U.S. Air Force for the Switchgear Replacement Effort. Register now for the Potomac Officers Club’s 2025 Air and Space Summit on July 31 to get some insights on critical air and defense initiatives to strengthen national security. Switchgea...
Artificial intelligence company Knexus has completed its acquisition of S4, a small business specializing in enterprise IT, cybersecurity, intelligence analysis and national security. Expanding AI Offerings Knexus said Thursday the move bolsters its proprietary AI technology portfolio by integrating S4’s expertise in enterprise IT se...
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 ...
