Kathleen Hicks, deputy secretary of the Department of Defense and a 2022 Wash100 Award recipient, spoke with leaders of eight large primes to discuss strategic priorities for the Pentagon and business challenges facing the industry. DOD said Tuesday executives at BAE Systems, Boeing (NYSE: BA), General Dynamics (NYSE: GD), HII (NYSE: HII), L3Harris ...
Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Raytheon Technologies (NYSE: RTX) received the most money through Department of Defense contracts during the government’s 2021 fiscal year, according to data from the Pentagon’s Office of Local Defense Community Cooperation. The “Fiscal Year 2021 Defense Spending by State” report...
Steve Shpock, formerly a vice president of Stellant Systems, has been elevated to the chief operating officer role at the defense electronics company. He has more than 35 years of radio frequency and microwave business experience and will be responsible for driving operational performance across Stellant-run manufacturing and engineering facili...
The Department of the Air Force has selected five companies to be part of an industry consortium that will define future requirements and develop the digital infrastructure for the Advanced Battle Management System. L3Harris Technologies (NYSE: LHX), Leidos (NYSE: LDOS), Northrop Grumman (NYSE: NOC), Raytheon Technologies (NYSE: RTX) and Science App...
Sigma Defense Systems has participated in a $25 million investment round for Raleigh, North Carolina-based Diveplane to help that startup further develop trainable artificial intelligence platforms. The series A funding activity also saw participation from Shield Capital, Calibrate Ventures and L3Harris Technologies (NYSE: LHX), Sigma Defense said M...
A new McAleese & Associates report shows major defense prime contractors posted sector operating margins of approximately 11 percent in the second quarter of 2022, reflecting limited impact from the current 8.5 percent inflation. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q2 2...
Cliff Qualls was elevated to the role of vice president of readiness solutions, rotary wing and joint capabilities at CAE, where he previously served as director of rotary wing programs. According to his LinkedIn profile, Qualls held managerial positions at the former L-3 Communications and L3 Technologies company for over a decade before assuming r...
The State Department has approved the request of the Australian government to procure high mobility artillery rocket systems and related launcher equipment for approximately $385 million under the Foreign Military Sales program. The potential transaction includes 20 M142 HIMARS, 30 M30A2 guided multiple launch rocket systems, 10 M57 Army tactical mi...
Maria Hedden, a defense and communications industry veteran with more than two decades of management experience, has joined Comtech Telecommunications (Nasdaq: CMTL) as chief operating officer. Hedden will be responsible for driving Comtech’s operational performance through production improvement, delivery scheduling and engineering initiative...
Chico Moline, former president of national security solutions business at PAE, has been named chief information officer of Amentum and he will oversee the latter’s enterprise transformation efforts in his new position. His appointment is part of a string of senior leadership moves at Amentum after the Germantown, Maryland-based government serv...
