Christopher Calio, president and CEO of RTX, has been elected as the aerospace and defense company’s chairman of the board of directors. The Arlington, Virginia-based contractor said Monday Calio’s appointment will take effect on April 30. He will succeed Gregory Hayes, who will step down from his post as executive chairma...
Teledyne Technologies has completed its acquisition of select Excelitas Technologies aerospace and defense electronics businesses for approximately $710 million in cash. The company said Monday the acquired businesses include Excelitas’ U.K.-based optical systems business operating under the Qioptiq brand and its U.S.-based advanced elec...
Northrop Grumman reports having generated $10.68 billion in sales for the fourth quarter of 2024 and $41.03 billion in total sales for the whole year. The company said Thursday the figures reflected strong, continuing demand for its services and products. Sales Totals and Sales Drivers The sales total for the fourth quarter of 2024 is...
Horacio Rozanski, president and CEO of Booz Allen Hamilton and a three-time Wash100 awardee, stressed the need for speed and that the U.S. “cannot afford to be second” to China in the field of artificial intelligence. Rozanski’s Insights on DeepSeek When asked about DeepSeek, Rozanski said on Monday during CNBC’s “Closing Bell Over...
Government services contractor Peerless Technologies has acquired defense firm Statheros for an undisclosed sum to expand its client base and capabilities in support of electromagnetic spectrum operations. In a statement published Monday, Peerless President Andrea Kunk said the company has leveraged over two decades of experience in systems engineer...
The GovCon Index snapped its six-day losing streak Thursday, then advanced +0.28% to $4,895.06 before the weekend. Unfortunately, the two consecutive daily gains did not offset the three losses to start the week, including the sharp -2.77% drop on Tuesday. The index, which tracks the stock performances of 30 major government contractors, lost -2.42%...
Jonathan Peppard, an industry veteran with 27 years of experience in capture management, program management and business development, has been appointed vice president of strategic capture at Akima. The information technology company said Thursday Peppard will oversee its expansion by leading efforts to capture new opportunities within the federal ...
Eight companies were awarded positions on a potential $210 million contract for services in support of the Defense Health Agency’s medical facility projects. According to award notices published on SAM.gov, the U.S. Army Corps of Engineers awarded the Medical Facilities Support Services IIIb contract to the following companies: Tidewater, INC. PKS...
Julia Laurenzano MacDonough, a seasoned military and civil space professional, has been appointed vice president and general manager for Air Force and missile defense strategic systems at Draper. The Cambridge, Massachusetts-based company said Wednesday MacDonough will manage Draper’s research, development and production programs for the...
Federal technology services contractor Harmonia Holdings Group has acquired Maveris for an undisclosed sum to strengthen its cybersecurity capabilities and expand relationships with other government customers, including the Department of Veterans Affairs. Harmonia said Wednesday it will operate Maveris as a wholly owned subsidiary. Brian Heder and C...
