Luke Savoie, formerly president of intelligence surveillance and reconnaissance at L3Harris Technologies (NYSE: LHX), has been chosen by the board of directors at Elbit Systems‘ (Nasdaq: ESLT) U.S. subsidiary to succeed retiring President and CEO Raanan Horowitz. Horowitz will step down from the dual role on March 31, 2024, after a 34-year car...
Each year, the federal government allocates substantial funding toward defense and security contracts. Government agencies, such as the Department of Defense and the US Armed Forces, tap into the expertise of multiple companies dedicated to developing and providing cutting-edge solutions for defense and warfare initiatives across various domains, su...
Four U.S. lawmakers have urged the Department of Defense to strengthen its review process for mergers and acquisitions and be more transparent with the public about the findings of its reviews of such transactions while ensuring the need to safeguard national security and confidential business information. In a letter addressed to Defense Secretary ...
The federal government allocates substantial financial services amounting to millions and even billions of dollars to procure a diverse range of services encompassing defense, weaponry, healthcare, cybersecurity, space missions, and more. Federal agencies enter into contracts with private companies that offer these specialized services to accomplish...
The State Department has approved Kuwait’s request to continue its purchase of engineering technical and maintenance support services for C, D, E and F variants of the F/A-18 fighter aircraft from the U.S. government under a potential $1.8 billion foreign military sales agreement. Sigmatech, Kay and Associates, KBR (NYSE: KBR), L3Harris Techno...
D-Fend Solutions has named two vice presidents and one general manager to help the counter-drone technology provider accelerate its growth initiatives in the U.S. market. The company on Tuesday announced the appointments of S. Danny Rajan as U.S. general manager, Michael Langman as vice president of strategic partnerships and Brett Feddersen as VP o...
A new McAleese & Associates report estimates most defense prime contractors recorded a 3 percent growth in sales during the first quarter of 2023, indicating that labor availability is improving and supply chain deliveries are starting to stabilize. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, offered an an...
Austal USA will lead an industry team to design and build a maximum of seven ocean surveillance vessels for the U.S. Navy under a potential $3.2 billion contract. Naval Sea Systems Command received two bids for the T-AGOS detail design and construction project and the service branch will obligate $113.9 million at the time of...
Beth Skoletsky, a human resources professional with 25 years of government contracting industry experience, has joined Ultra Intelligence & Communications as chief HR officer. She will lead the development and implementation of Ultra I&C’s HR strategy and operations, and align the organizational culture agenda to corporate objectives,...
Aerojet Rocketdyne (NYSE: AJRD) has secured a $215.6 million cooperative agreement from the Department of Defense to modernize and expand its facilities at three sites that produce rocket propulsion systems as part of efforts to help DOD meet the increasing demand for tactical missile systems. The company will use the funds from the agreement to...
