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...
The Department of Health and Human Services’ Biomedical Advanced Research and Development Authority has begun seeking proposals for the second iteration of its accelerator program to advance the rapid development and commercialization of medical countermeasures. A notice posted Wednesday on SAM.gov states that BARDA Accelerator Network 2.0 aim...
Jen Sovada, president of SandboxAQ‘s public sector and chair of Executive Mosaic’s 4×24 Quantum Group, was named inaugural member of the board of advisers at private equity firm Bluestone Investment Partners. As advisory board members, Sovada and four other leaders from the defense and government services industry will provide Blues...
Eleven companies have been named in the latest batch of NASA’s Tipping Point partners that will develop technologies that could support lunar surface and space exploration missions. The agency said Tuesday it expects to contribute a total of $150 million to fund the projects and each award recipient will shoulder at least 10 to 25...
RTX (NYSE: RTX), formerly Raytheon Technologies, posted $18.3 billion in fiscal 2023 second quarter sales, up 12 percent from the prior-year period, and saw its adjusted earnings per share increase 11 percent to $1.29 during the quarter. The Arlington, Virginia-based aerospace and defense contractor said Tuesday its backlog at the end of the quarter...
