As the rapid development of emerging technologies continues to have transformative impacts on today’s battlespace, U.S. defense agencies have recently shifted their priorities to reflect an exponentially increasing demand for modernization, optimization and cybersecurity. The Department of Defense created a new acquisition framework in January...
In its most recent Executive Spotlight interview, ExecutiveBiz spoke with Paul Cummings, vice president of Transformational Training Systems for Amentum, about how U.S. military branches are implementing the latest training systems and a new “train as you fight” approach, and what is the future advancement of these systems as technology continue...
A joint venture led by BWX Technologies‘ (NYSE: BWXT) technical services subsidiary will perform environmental management work for the Department of Energy at the Savannah River Site in South Carolina under a potential 10-year, $21 billion contract. The Savannah River Mission Completion team will treat or dispose of liquid waste and may manage...
Terran Orbital has agreed to merge with special purpose acquisition company Tailwind Two Acquisition (NYSE: TWNT) in a transaction that would take the Boca Raton, Florida-based small satellite manufacturer public and bring its enterprise value to approximately $1.58 billion. The boards of directors of Terran Orbital and Tailwind Two have approved th...
Raytheon Technologies‘ (NYSE: RTX) intelligence and space business has won a $340 million contract to help the U.S. Air Force operate and maintain a sea-based active electronically scanned array radar system. The company will support the Cobra King radar system‘s mobile sensors under the indefinite-delivery/indefinite-quantity contract, ...
Candice Ling, former chief operating officer for U.S. regulated industries at Microsoft (Nasdaq: MSFT), has been appointed as the company’s federal government civilian vice president. She will work with the Microsoft Federal Civilian team to drive delivery of technologies to customers to help them pursue digital transformation and address mode...
Lockheed Martin (NYSE: LMT) reported $16 billion in net sales and $614 million, or $2.21 per share, in net earnings from continuing operations during the third quarter of fiscal year 2021. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it generated $1.9 billion in Q3 cash from operations, raised its quarterly dividend to ...
Amentum has agreed to acquire PAE (Nasdaq: PAE) in an all-cash transaction valued at approximately $1.9 billion as part of efforts to establish a technology services provider serving U.S. federal agencies and allied governments. PAE’s board of directors approved the transaction that is expected to be completed by the end of the first quarter of...
Positioning, navigation and timing technology provider Orolia has agreed to acquire Granada, Spain-based Seven Solutions in a move to expand the former’s product portfolio for defense, telecommunications, data center, smart grid and aerospace applications. Orolio said Monday it expects to close the transaction before the end of 2021 and pursue...
L3Harris Technologies (NYSE: LHX) has won a potential $120.8 million contract from the U.S. Space Force to support the modernization of transportable electronic warfare systems built to deny adversarial satellite communications. The company will update 16 fielded Block 10.2 units of the Counter Communications System situated at three military b...
