Frontgrade Technologies, a portfolio company of Veritas Capital, has acquired radio frequency amplifier technology provider Aethercomm in a deal aimed at complementing Frontgrade’s aerospace and defense electronics portfolio. The acquired entity will operate as Frontgrade Aethercomm and be led by Todd Thornton as general manager, the parent co...
Lockheed Martin (NYSE: LMT) has wrapped up the critical design review of its satellites and related ground systems for the first tranche of the transport layer as part of the Space Development Agency’s Proliferated Warfighter Space Architecture. The CDR phase included a system optical communications terminal interoperability test and design valida...
Oshkosh‘s (NYSE: OSK) defense subsidiary has booked a $201 million award from the U.S. Army to build more Family of Medium Tactical Vehicles A2. To date, the service has placed $858 million in orders of the vehicle, equivalent to 2,000 A2 and 982 trailer units, the company said Thursday. The FMTV A2 is designed with...
HII (NYSE: HII) saw its second-quarter revenue for fiscal year 2023 climb 4.7 percent to $2.8 billion and reported net earnings of $130 million and diluted earnings per share of $3.27 for the quarter. The military shipbuilding company said Thursday Q2 new contract awards reached about $2.6 billion and that it ended the quarter with...
HII’s (NYSE: HII) Mission Technologies division will provide emerging intelligence, surveillance and reconnaissance technologies for the National Security Innovation Network and its mission partners under a potential five-year, $1.4 billion task order awarded under the General Services Administration’s ASTRO contract vehicle. The Joint Network E...
Aeyon LLC houses leadership teams with expertise in mission services, analytics, digital transformation, financial management, engineering and science, and data management. The company leverages its deep expertise in the Department of Defense (DoD) and related civilian agencies to deliver uncompromising intelligence, experience, and qualifica...
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...
