The State Department has approved Saudi Arabia’s request to purchase Patriot missile interceptors and related equipment from the U.S. government under a potential $3.05 billion foreign military sales contract. Raytheon Technologies (NYSE: RTX) will serve as the prime contractor to deliver 300 Patriot MIM-104E Guidance Enhanced Missile-Tactical...
Jeremy Ross, a more than two-decade GovCon industry veteran, has joined SilverEdge Government Solutions as chief growth officer. He will oversee SilverEdge’s business development efforts, go-to-market strategy and organic growth initiatives within the defense and intelligence communities, the company said Tuesday. SilverEdge CEO Robert Miller said...
Lockheed Martin (NYSE: LMT) has increased the size of its $200 million venture capital fund to $400 million as the company looks to expand startup investments aimed at helping accelerate defense innovation. Chris Moran, vice president and general manager of Lockheed Martin Ventures, said in a statement released Tuesday the fund vetted over 1,000 sta...
HII’s (NYSE: HII) mission technologies division will provide decisive mission actions and technology services to the Department of Defense under a potential five-year, $826 million task order. The company said Monday it will perform support work for military services, research laboratories, national intelligence agencies, combatant commands and fo...
A partnership between L3Harris Technologies (NYSE: LHX) and Air Tractor has won a potential $3 billion indefinite-quantity/indefinite-delivery contract to build a fleet of up to 75 fixed-wing aircraft for U.S. Special Operations Command. L3Harris said Monday the industry team will provide its single-engine Sky Warden platform to SOCOM’s Armed ...
ExecutiveBiz featured James Gordon, CEO of DRT Strategies and a 2022 Wash100 Award recipient, in its most recent Executive Spotlight interview published Monday. He talked about his move to DRT Strategies and his goal to expand the company on multiple fronts: customer base, products and services, brand and workforce. Gordon also discussed how D...
Stu Shea, chairman, president and CEO of Peraton, was recently presented his 2022 Wash100 Award by Executive Mosaic CEO Jim Garrettson during a recent visit to the company’s office in Reston, VA. Executive Mosaic is thrilled to recognize Stu Shea as a six-time recipient of the most prestigious and esteemed award in the government c...
General Dynamics (NYSE: GD) logged a $766 million profit for the second quarter of its 2022 fiscal year and $9.2 billion in revenue, figures respectively 3.9 percent higher and relatively flat compared to the same period last year. The Reston, Virginia-based defense contractor said Wednesday earnings totaled $2.27 per share, up 5.4 percent from the...
TYSONS CORNER, VA, Aug. 1, 2022 — Northrop Grumman (NYSE: NOC) looks to expand its defense market footprint with a 113,000-square-foot missile integration facility that is currently being built in West Virginia and is planned to accommodate the second lot of a U.S. Navy missile low rate initial production, ExecutiveBiz reported. “Northrop Grumma...
James Ebeler, chief technology officer of Three Wire Systems, recently spoke with GovCon Wire to discuss joining the company back in February as well as his strategic goals in the role for the rest of 2022 and beyond. In addition, Ebeler also shared his insights regarding the core values of the company culture at Three Wire Systems and...
