Lockheed Martin (NYSE: LMT) reported $17.7 billion in net sales during the fourth quarter of its 2021 fiscal year, up 4 percent from the prior-year period, and posted $2 billion, or $7.47 per share, in Q4 net earnings from continuing operations. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday Q4 cash from operations reache...
Enlightenment Capital has purchased Boecore, a provider of technology platforms in space, hypersonics, strategic deterrent and missile defense sectors, for an undisclosed sum. Colorado-based Boecore provides software, cybersecurity and network and systems engineering support to federal government and military customers, the companies said in a joint...
Barry Broadus, a former Dovel Technologies executive with over three decades of financial management experience, will join ICF (Nasdaq: ICFI) by the end of February to serve as its chief financial officer. He will take over from Bettina Garcia Welsh, who will remain with the company as an adviser until early April to smoothen the...
Defense agency and commercial sector leaders came together on Wednesday to examine the Department of Defense’s current research and development strategies, technology innovation efforts and acquisition reform initiatives during the Potomac Officers Club’s highly-anticipated 8th Annual Defense R&D Summit. After the virtual audience heard fr...
The Potomac Officers Club on Wednesday hosted its 8th Annual Defense Research & Development Summit, where government and industry leaders discussed the projects and ideas that are keeping the U.S. military and Pentagon officials at the forefront of modern strategy as well as technological discoveries that prepare for new threats abroad. After a...
The Defense Logistics Agency has awarded Collins Elbit Vision Systems a $158.2 million modification on a contract for support services to a helmet display system built to help military fighter pilots cue sensors and weapons against aircraft and ground threats. CEVS, a joint venture between Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace b...
The conversation surrounding cryptocurrency and other digital assets has gained new context in the U.S. federal government following the release of a highly-anticipated document from the Federal Reserve on digital currencies. The Federal Reserve’s paper, Money and Payments: The U.S. Dollar in the Age of Digital Transformation, d...
The National Reconnaissance Office has awarded contracts to Airbus’ U.S. arm, Capella Space, ICEYE, Umbra and PredaSAR to develop commercial radar systems. NRO said Thursday it issued a broad agency announcement framework for strategic commercial enhancements in October 2021 with commercial radar as the first focus area. The agency’s Strategic C...
Executive Mosaic’s ninth annual Wash100 award selection was officially announced Wednesday to recognize 100 leaders from the worlds of government, industry and academia who have made noteworthy contributions to their organizations and the government contracting sector. The Wash100 is the premier class of business executives, agency officials a...
SpaceX has won a potential five-year, $102 million contract from the U.S. Air Force to demonstrate technologies under a program that seeks to determine the viability of using large rockets to support the Department of Defense’s global logistics missions, SpaceNews reported Wednesday. Under the Rocket Cargo program, the Air Force Research Laborator...
