Leonardo’s U.S. defense subsidiary reported revenues of $820 million during the fourth quarter and $2.7 billion for the full fiscal year of 2022. Leonardo DRS (Nasdaq: DRS) said Tuesday its Q4 FY22 bookings reached $852 million and full-year awards hit $3.2 billion driven by the rise in demand for its platforms across four key technology...
Andrew Ivers, a veteran defense and communications electronics industry leader, will assume the role of CEO of Communications & Power Industries and its parent company, CPI International, by the end of May. He will succeed Bob Fickett, who will transition to the position of executive chairman of CPI’s board of directors and serve as a...
Raytheon Technologies (NYSE: RTX) will continue to manufacture AN/SPY-6(V) radar systems for the U.S. Navy under a $619 million contract option. The award will enable the service branch to install the air and missile defense radar technology on initial Arleigh Burke-class Flight IIA destroyer ships, the company said Wednesday. SPY-6 is designed to h...
Jamie Landers, former director of business development for advanced programs at Lockheed Martin (NYSE: LMT), has joined Maxar Technologies (NYSE: MAXR) as vice president of business development. She announced her new role at the satellite imagery provider in a LinkedIn post Tuesday. Landers led BD functions for Lockheed’s Advanced Program Deve...
Raytheon Technologies (NYSE: RTX) and Lockheed Martin (NYSE: LMT) received separate contracts worth $116 million combined to design carrier-based, air-launched hypersonic missile systems for the U.S. Navy. Both companies have been tasked with conducting technical maturation and development efforts under the Hypersonic Air Launched Offensive An...
Raytheon Technologies (NYSE: RTX) has won a potential $1.2 billion contract from the U.S. Army for Patriot Missile System fire units. Army Contracting Command received two offers for the firm-fixed-price contract and obligated the whole contract amount using foreign military sales funds for fiscal year 2023, the Department of Defense said Tuesday. W...
The U.S. Army has selected Lockheed Martin (NYSE: LMT) and a team of Raytheon Technologies (NYSE: RTX) and Northrop Grumman (NYSE: NOC) to further develop their extended-range missile designs and propulsion systems for the Long Range Maneuverable Fires program. Raytheon and Northrop said Monday their team will co-design, produce and test the propuls...
In February of last year, the Department of Defense identified microelectronics as one of its 14 critical technology areas of focus. Since then, the federal government has taken steps to rejuvenate this industry within the U.S., most notably with the passage of the CHIPS and Science Act, which aims to rebuild the domestic semiconductor manufact...
Aaron Weis, a four-time Wash100 Award recipient who most recently served as chief information officer at the Department of the Navy, has been named managing director of technology at Google’s public sector arm. He will oversee the unit’s tech strategy for the Google Cloud Platform and manage a team of public sector technologists that will...
GovCon industry veterans Katie Selbe, Sarah Otchet and John Fant have joined the executive leadership team of Eqlipse Technologies, a newly formed platform of Arlington Capital Partners. The appointments come one week after ACP announced the formation of Eqlipse to pursue national security business opportunities in cyber, signals intelligence engine...
