Day and Zimmermann has acquired Empire Products Inc., which makes propellant and charge bags for the defense sector, in a deal aimed at expanding D&Z’s munition product manufacturing operations. Financial terms of the transaction were not disclosed and D&Z said Wednesday EPI has been a key partner for the company’s supply chain. ...
RTX (NYSE: RTX) will provide updated seeker, navigation and GPS receiver technologies to the U.S. Navy for integration into Tomahawk missile systems under two contract modifications and a task order worth $165.4 million combined. The Navy allocated $124.3 million to buy 42 Maritime Strike Tomahawk Seeker suites for low-rate production three of the s...
Mark Fuller, president and CEO of Castellum (NYSE-American: CTM), said the cybersecurity and electronic warfare services provider generated record revenue of more than $12.44 million during the second quarter of 2023. Fuller said in a statement published Monday the figure reflects a 25 percent jump from Castellum’s first-quarter revenue driven...
Debbie Gallop, senior vice president of finance at Technical and Project Engineering, has been elevated to the chief financial officer position. She will oversee efforts to align TAPE’s financial strategy with its long-term goals and mission in her new capacity, the company said Monday. Gallop said she aims to implement new policies and proced...
L3Harris Technologies (NYSE: LHX) has officially added a business segment upon the completion of the Melbourne, Florida-based aerospace and defense contractor’s $4.7 billion cash purchase of propulsion system builder Aerojet Rocketdyne. Both parties first announced the $58-a-share deal in December 2022, with the acquirer aiming to grow its bus...
Northrop Grumman (NYSE: NOC) posted $9.6 billion in sales for the second quarter of 2023, up 9 percent from the prior-year period’s figure of $8.8 billion, and ended the quarter with a total backlog of $78.8 billion. The Falls Church, Virginia-based aerospace and defense contractor said Thursday its Q2 2023 net awards totaled $10.9 billion...
The Honorable Andrew Hunter, assistant secretary of the Air Force for acquisition, technology and logistics, accepted his 2023 Wash100 Award from Executive Mosaic CEO Jim Garrettson during the Potomac Officers Club’s recent 2023 Air Force Summit. The Wash100 Award annually recognizes the top 100 most impactful leaders and innov...
Eleven small businesses have won spots on a potential $200 million indefinite-delivery/indefinite-quantity contract to develop, integrate and update software platforms for a U.S. Navy program executive office focused on command, control, communications, computers and intelligence. The small business set-aside contract will involve using artificial i...
L3Harris Technologies (NYSE: LHX) reported $4.69 billion in second-quarter revenue, up 13 percent from the prior-year period, and lifted sales outlook for 2023 with growth across the company’s three core business segments. The Melbourne, Florida-based aerospace and defense contractor now expects full-year revenue of between $18.0 billion and $...
Thirteen additional vendors will compete for work under a $950 million U.S. Air Force contract vehicle to build and demonstrate Joint All Domain Command and Control technologies for air, land, space, sea, cyber and electromagnetic spectrum operations. The indefinite-delivery/indefinite-quantity award encompasses the development and operation of mult...
