A Raytheon Technologies (NYSE: RTX) business unit has secured a 10-year, $375 million contract to modernize a satellite-based air navigation system for the Federal Aviation Administration. Raytheon Intelligence & Space will refresh the technical features of and add a dual frequency operation service to the Wide-Area Augmentation System under the...
ManTech International announced on Wednesday that the company’s sale to global investment firm Carlyle has been completed. The all-cash acquisition represents a total enterprise value of roughly $4.2 billion. Robert W. Baird & Co. acted as the financial advisor for Carlyle in the transaction. ManTech Chairman, President and CEO Kevin Phi...
A Raytheon Technologies (NYSE: RTN) and Lockheed Martin (NYSE: LMT) joint venture will manufacture man-portable, anti-tank guided munitions for the U.S. Army as part of a $311.2 million contract modification. The full-rate Javelin production award includes foreign military sales to Jordan and Lithuania, the Department of Defense said Tuesday. Contra...
The government arm of global satellite operator SES’ has expanded its leadership team with the appointment of GovCon industry veterans Scott Galus, Nitin Bhat and Luz Martinez to senior vice president roles to oversee operations, engineering and finance. The leadership appointments come as SES Government Solutions pursues growth in the field of mu...
Raytheon Technologies (NYSE: RTX) and L3Harris Technologies (NYSE: LHX) will develop prototype sensors for the U.S. Army’s next-generation aerial intelligence, surveillance and reconnaissance program under the second phase of an other transaction agreement, Breaking Defense reported Tuesday. The companies will further improve the designs of their ...
Sigma Defense Systems has participated in a $25 million investment round for Raleigh, North Carolina-based Diveplane to help that startup further develop trainable artificial intelligence platforms. The series A funding activity also saw participation from Shield Capital, Calibrate Ventures and L3Harris Technologies (NYSE: LHX), Sigma Defense said M...
QinetiQ was established in the United Kingdom in 2001 when the Ministry of Defence split its Defence Evaluation and Research Agency into two organizations. The smaller of the two organizations stayed in the public sector and evolved into Defence Science and Technology Laboratory, while the larger of the two was privatized and became QinetiQ. Now,...
Raytheon Technologies‘ (NYSE: RTX) intelligence and space business has secured a five-year, $184 million contract to supply Advanced Synthetic Aperture Radar System-2B sensors and supplementary equipment to the U.S. Air Force. The branch is obligating $63.6 million at the time of award from its fiscal 2021 and 2022 procurement funds, the Depar...
Raytheon Technologies’ (NYSE: RTX) Collins Aerospace business has secured a potential five-year, $583 million contract from the U.S. Army to produce the latest generation of positioning, navigation and timing system for the service’s uncrewed and manned ground vehicles. The Army awarded the indefinite-delivery/indefinite-quantity contract after ...
Jackie Schmoll, a nearly two-decade defense and civilian market veteran, has joined Raytheon Technologies (NYSE: RTX) as vice president of requirements and capabilities for space and command and control systems. She is now part of Raytheon’s intelligence and space business unit where she will be responsible for developing and implementing grow...
