A new McAleese & Associates report shows defense prime contractors recorded a 3 percent increase in sales during the third quarter of 2022 and sector operating margin of 11 percent. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, offered an analysis of the Q3 financial performance of Lockheed Martin (NYSE: LMT...
The Naval Air Systems Command has awarded Pratt & Whitney, a subsidiary of Raytheon Technologies (NYSE: RTX), a potential $115 million contract to carry out core upgrades of the F135 propulsion system. The award will support preliminary development efforts by the engine maker through 2023 and aims to create a low-risk path for the F-35...
Northrop Grumman (NYSE: NOC) and the U.S. Air Force have introduced the B-21 Raider long-range strike bomber plane as part of the country’s nuclear triad meant to deter potential adversaries. B-21 is a sixth-generation aircraft that is backed by a digital ecosystem and comes with stealth capabilities and open systems architecture to facilitate...
Raytheon Technologies’ (NYSE: RTX) missiles and defense business and Lockheed Martin (NYSE: LMT) will serve as principal contractors for a potential $380 million foreign military sale of FIM-92K Stinger man-portable ground-to-air missiles and related equipment to the government of Finland. The Defense Security Cooperation Agency said Thursday the ...
Highlander Partners has acquired Liteye Systems, a developer of counter-unmanned aircraft system platforms for defense and national security applications, in a deal that marks the private equity firm’s first investment move since it launched a holding company in May to pursue C-UAS market opportunities. Liteye‘s offering for U.S. and int...
The U.S. Army has awarded Raytheon Technologies (NYSE: RTX) a $1.2 billion contract to deliver six more National Advanced Surface-to-Air Missile Systems, plus equipment and support services, to Ukraine as part of a Pentagon-led security assistance campaign. The contract brings the U.S. government’s total order for NASAMS batteries to eight to ...
General Electric (NYSE: GE), L3Harris Technologies (NYSE: LHX), Textron (NYSE: TXT) and Veritas Capital are among the companies that have expressed interest in acquiring Aerojet Rocketdyne (NYSE: AJRD), which has an estimated market valuation of $4 billion, Reuters reported Wednesday. Citing unnamed sources, Reuters noted the El Segundo, California-...
L3Harris Technologies (NYSE: LHX), Mercury Systems (Nasdaq: MRCY) and Pacific Defense have won cash prizes from the U.S. Army as the three finalists of a competition aimed to drive technological innovations that can facilitate the convergence of warfighting platforms. All three companies presented prototypes for improving the C4ISR/Electronic Warfar...
The State Department has approved Qatar’s request to purchase a suite of systems designed to recognize and mitigate drone threats, as part of a potential $1 billion foreign military sales deal with the U.S. government. Qatar seeks to buy 10 units of the Fixed Site-Low, Slow, Small Unmanned Aircraft System Integrated Defeat System and 200...
The State Department has approved a potential $323.3 million foreign military sale of missile systems, manufactured by Raytheon Technologies (NYSE: RTX), and related equipment to the Finnish government. Finland’s FMS request includes 40 AIM 9X Block II tactical missiles, 48 AGM-154 Joint Stand Off Weapon systems and a number of tactical guidan...
