A Cerberus Capital Management affiliate has invested an undisclosed amount in aerospace survivability technology provider Resonant Sciences to help drive the latter’s growth and product development strategies. Baird acted as the exclusive financial adviser to Resonant Sciences on its deal with Cerberus’ Supply Chain and Strategic Opportu...
BAE Systems was awarded a $797 million initial order to proceed with full-rate production of the Armored Multi-Purpose Vehicle for the U.S. Army. The service branch said Thursday the contract value could reach $1.6 billion if it exercises options to order additional units of the AMPV, which is designed to replace the M113 family of...
Quinlan Lyte, a nearly two-decade aerospace industry veteran, has joined L3Harris Technologies (NYSE: LHX) as vice president and general manager of space and sensors. He announced his new position Monday on LinkedIn and came to L3Harris after more than four years of work managing Collins Aerospace’s propeller systems business. Previously, Lyte...
The Department of the Air Force has made an initial announcement for the development of next-generation artificial intelligence and distributed capabilities to support the Department of Defense’s Joint All Domain Command and Control initiative. DAF is allocating $99 million in funding for the broad agency announcement over five years to facili...
Executive Mosaic is thrilled to announce the appointment of Integral Federal Senior Vice President of Business Operations Heather Dallara as chair of the 4×24 Contracts Group. The 4×24 leadership program is a networking series centered around dinners and meetings that foster meaningful business connection and inspiration within t...
The National Nuclear Security Administration has awarded a BWX Technologies (NYSE: BWXT) business a potential $116.5 million contract to produce more than two metric tons of high assay low enriched uranium or HALEU feedstock for advanced reactors over the next five years. BWXT Nuclear Operations Group will generate the HALEU feedstock by processing ...
Praveen Kurian, former senior director and general manager of the space superiority division at L3Harris Technologies (NYSE: LHX), has joined Science Applications International Corp. (NYSE: SAIC) as vice president of defense space, according to his LinkedIn post. He has over 15 years of experience in the defense contracting industry, mostly serving ...
The Department of Energy has released a draft request for proposals for a potential 10-year, $3 billion contract to carry out cleanup work at a nuclear waste remediation site in West Valley, New York. DOE said Tuesday the indefinite-delivery/indefinite-quantity contract is intended to continue deactivation, demolition and soil remediation activities...
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...
