HII’s (NYSE: HII) Ingalls Shipbuilding division has secured a $154.8 million contract modification from the U.S. Navy to modernize the USS Zumwalt (DDG 1000) guided-missile destroyer. USS Zumwalt will integrate the Conventional Prompt Strike weapon system and undergo other technology upgrades under the contract modification, HII said Tuesday. The ...
Synthetaic will use Microsoft’s (Nasdaq: MSFT) cloud graphics processing unit compute resources to further develop an artificial intelligence-based image processing tool, called Rapid Automatic Image Categorization, under a five-year strategic partnership agreement. Delafield, Wisconsin-based Synthetaic said Tuesday the RAIC platform is built on t...
The global intelligence landscape has undergone a dramatic transformation in the last decade. The proliferation of sensors, the race for technological superiority and the rising influence of social media have all produced lasting effects that are rippling across the intelligence community and drastically changing the nature of intelligence tradecraf...
Defense electronics supplier TSS Solutions has appointed Chris Fronk, former finance director at L3Harris Technologies (NYSE: LHX), as chief financial and administrative officer. He will be responsible for driving growth in TSS’ radar depot business and developing strategies to stimulate profitability in new product segments, such as frequency...
Carroll Lane, a senior vice president and segment lead of engineered and precision products at Kaman (NYSE: KAMN), has been appointed interim chief financial officer at the Bloomfield, Connecticut-based aerospace and defense contractor. He replaces James Coogan, who is stepping down as CFO after two years in the role and Kaman said Friday it has...
A new McAleese & Associates report shows that defense prime contractors posted a 7 percent to 9 percent rise in sales during the second quarter of 2022 and record-high backlogs as the Department of Defense accelerates contract awards. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the...
Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has secured a potential $2.7 billion contract from the U.S. Navy to develop and deliver 35 more CH-53K King Stallion heavy-lift helicopters. The contract includes the development of 12 units of Lot 7 CH-53Ks and 15 Lot 8 aircraft for the U.S. Marine Corps and eight helicopters for Israel’...
Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) will lead two separate teams under a pair of NASA contracts to develop concepts for a passenger jet capable of reaching Mach 2 to Mach 4 speeds. Each industry team will create a nonproprietary aircraft design and a high-speed air travel roadmap for the next phase of the Advanced Air Vehicles...
Laura Kurup, a data and analytics professional, will assume the role of principal director for data science innovation at Accenture‘s (NYSE: ACN) federal government subsidiary on Sept. 11. In this capacity, she will help Accenture Federal Services‘ agency customers address mission-critical challenges using data science, artificial intell...
Parsons (NYSE: PSN) has purchased Sealing Technologies for approximately $200 million in a transaction that expands its defensive cyber capabilities, broadens its client base across the Department of Defense and Intelligence Community and strengthens its presence as a cybersecurity company in the national security market. Established in 2012, Sealin...
