Firefly Aerospace closed the third tranche of its Series C Funding round, bumping the valuation of the end-to-end space transportation company to $1.5 billion. It has raised around $300 million since February this year. During the round, Mitsui & Co. and other new investors joined existing investors led by AE Industrial Partners, Firefly Ae...
The State Department has approved a potential $2.53 billion foreign military sale of M1A2 Abrams main battle tanks and related equipment to the government of Romania. The potential FMS deal includes 54 M1A2 System Enhancement Program version 3 vehicles, 54 M1A1 structures, four M88A2 Hercules combat recovery vehicles, four M1110 joint assault bridge...
Murali Krishnan, most recently sector vice president of strategic growth at Northrop Grumman’s (NYSE: NOC) mission systems business, has been promoted to sector VP and general manager of the payload and ground systems division within the Falls Church, Virginia-based aerospace and defense contractor’s space systems business, GovCon Wire has l...
Laura Wilde, an industry executive focused on advancing quality management across international organizations, has joined the maritime business unit of U.K.-based defense and security company Ultra Electronics as vice president of quality. She will be based in the U.S. and will report to Carlo Zaffanella, president and CEO of Ultra Maritime, as she ...
Tessa Baerlocher, most recently deputy general manager of the space superiority business group at LinQuest, has assumed the role of vice president and business lead of the space systems technology developer’s TMC Design subsidiary. In this capacity, she will oversee growth initiatives within TMC and advance modernization in the areas of digita...
Andrew Cox became chief financial officer of Apogee following a more than two-year stint as vice president of finance at Parsons (NYSE: PSN), he announced in a LinkedIn post on Wednesday. He has over 22 years of experience in financial management, most of them spent in the defense manufacturing industry. Cox began as a financial...
Rich Scigaj, formerly partner and chief financial and administrative officer at Cyber Capital Partners, has been named chief financial officer at Easy Dynamics, a McLean, Virginia-headquartered provider of cybersecurity products and services to the government sector. The two-decade industry veteran will oversee the company’s overall financial ...
A new McAleese & Associates report shows that defense prime contractors posted a 7 percent to 9 percent rise in sales during the second quarter of 2022 and record-high backlogs as the Department of Defense accelerates contract awards. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the...
The State Department has approved Australia’s request to procure up to 22 M142 High Mobility Artillery Rocket System launchers and related equipment from the U.S. government under a potential $975 million foreign military sale agreement. The proposed FMS transaction includes unitary and alternative warhead missile pods for the Guided Multiple ...
The Association of the U.S. Army has welcomed Lisa Atherton, president and CEO of Textron‘s (NYSE: TXT) Bell business, as the latest addition to the organization’s board of directors. Atherton replaced Mitch Snyder, a Bell veteran who retired from the company in April and the AUSA board, the non-profit said Friday. The new board director...
