Raytheon Technologies‘ (NYSE: RTX) missiles and defense business will manufacture Tomahawk missiles under a $217.1 million contract from the U.S. Navy and deliver the weapon systems to the service branch, the Army and Marine Corps. The fixed-price-incentive, firm-fixed-price contract provides for the full-rate production of Block V Tactical To...
Brightstar Capital Partners has wrapped up the partnership of its portfolio company ERC with Oasis Systems in a move aimed to combine complementary service offerings for federal and defense agencies. The combination came a month after Brightstar agreed to buy and merge Oasis Systems with ERC. ERC-Oasis will provide support services in various areas ...
Chris Pehrson, chief growth officer of Parry Labs, recently spoke with GovCon Wire regarding his motivation for joining the company as well as what he hopes to accomplish and focus on the mission of its customers and growth efforts for Parry Labs in the federal landscape. In addition, Chris Pehrson also discussed the work that Parry Labs...
Travis Chester, a finance executive with 25 years of industry experience, has been appointed senior vice president and chief financial officer at Cubic. He will report to Stevan Slijepcevic, president and CEO of Cubic and a 2022 Wash100 Award recipient, and be responsible for driving the company’s financial strategy, the defense technology pro...
As the U.S. Army forges ahead with its transformational modernization efforts, the service is focusing on data and leveraging it as a center of gravity for a host of critical capabilities. According to the Army Digital Transformation Strategy, published in October 2021, “The Army must adapt a data-driven mindset and embrace digital transforma...
Kaman (NYSE: KAMN) will purchase the aircraft wheel and brake division of Parker Hannifin for $440 million in a move aimed at expanding the former’s footprint in the aerospace and defense end markets and raising its aftermarket products position. Ian Walsh, chairman, president and CEO of Kaman, said in a statement Monday the acquisition is...
A Raytheon Technologies (NYSE: RTX) business unit has received a $422.7 million contract modification to produce hardware for a U.S. Navy family of air and missile defense radars. Naval Sea Systems Command will obligate the full amount on the award to cover options for AN/SPY-6(V) production work to be performed by Raytheon Missiles & Defense,...
Brent Wildasin, a retired U.S. Army veteran, and Dawn Legere, a two-decade defense industry veteran, will assume the roles of CEO and chief operating officer, respectively, at systems integration firm PD Systems starting on June 1. Wildasin will succeed Martin Ried, who will move to a new role on PD Systems’ board of directors, and...
GovCon Wire recently spoke with Chris Merdon, newly appointed group president of the public sector at NTT Data, and two-time Wash100 Award winner Tim Conway, who is retiring this summer after 12 years in the role and three decades in the industry. This Executive Spotlight features reflections from Tim on his tenure and successes, as well as fut...
Semiconductor company Broadcom (Nasdaq: AVGO) is in discussions to acquire VMware (NYSE: VMW) through a cash-and-stock transaction, The Wall Street Journal reported Sunday. News of a potential deal comes as Broadcom, which has a market value of $222 billion, seeks to expand its footprint in the corporate software market. In July 2021, reports emerge...
