The General Services Administration plans to issue a final solicitation for its Polaris governmentwide acquisition contract by summer 2021, Bloomberg Government reported Friday. The Polaris GWAC will replace the Alliant II Small Business contract vehicle and is meant for use by federal agencies to procure information technology products and services...
Christopher Kubasik, vice chairman, president and chief operating officer of L3Harris Technologies (NYSE: LHX), said the company plans to return more than $7.5 billion in cash to shareholders between 2021 and 2022, Reuters reported Thursday. Kubasik, a three-time Wash100 winner, noted L3Harris’ additional divesture proceeds of nearly $2 billio...
Raytheon Technologies (NYSE: RTX) has secured a $178 million contract to help the U.S. Air Force transition to an open architecture-based ground infrastructure for processing global intelligence, surveillance and reconnaissance data. The company will provide field support services to the branch’s Distributed Common Ground System modernization ...
Shareholders at Aerojet Rocketdyne Holdings (NYSE: AJRD) voted Tuesday to approve the company’s $4.4 billion sale to Lockheed Martin (NYSE: LMT) and both parties still expect to close the transaction in the second half of this year. Aerojet Rocketdyne said Tuesday holders of approximately 99.76 percent of its stock were in favor of the merger...
A new McAleese & Associates report noted the fourth quarter 2020 financial performance of large prime defense contractors Boeing (NYSE: BA), General Dynamics (NYSE: GD), Huntington Ingalls Industries (NYSE: HII), Lockheed Martin (NYSE: LMT). Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX). Jim McAleese, founder of McAleese &am...
The required waiting period for Teledyne Technologies’ (NYSE: TDY) proposed acquisition of imaging sensors developer FLIR Systems (NYSE: FLIR) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on March 1. Teledyne said Tuesday it signed a term loan credit agreement worth $1 billion and moved to amend and restate another credit...
Executive Mosaic is honored to present Raj Iyer, chief information officer (CIO) for the U.S. Army, as a 2021 Wash100 Award recipient for driving new information technology (IT) initiatives, introducing advanced modernization priorities and preparing the service branch to compete in the future of digital warfare. This marks Iyer’s first Wash100 Aw...
Wael Mohamed, former president and chief operating officer at Trend Micro Group, has succeeded Greg Clark as CEO of network security vendor Forescout Technologies. Clark will continue to serve as co-chairman of Forescout’s board of directors and work closely with Mohamed to lead drive its “enterprise of things” defense mission, the company...
Intel (Nasdaq: INTC) will collaborate with Microsoft (Nasdaq: MSFT) on a Defense Advanced Research Projects Agency program that seeks to protect the confidentiality of encrypted information during data processing by developing an accelerator for fully homomorphic encryption. Intel said Monday it will build an application-specific integrated circuit ...
Armtec Defense Technologies will provide combustible case assemblies to the U.S. Army for 155mm propelling charges under a potential five-year, $207.7 million contract. The service branch is procuring M231/M232 modular artillery charge system cases through the firm-fixed-price contract, the Department of Defense said Friday. Army Contracting Command...
