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...
The U.S. Air Force Global Strike Command’s innovation unit has chosen 25 out of 100 proposers to compete for a program aimed at developing methods and systems to train airmen. Finalists in Strikewerx’s Advanced Training Concepts Challenge will aim to demonstrate platforms for B-52 communications training, explosive ordnance disposal and ...
A new McAleese & Associates report says most defense prime contractors recorded a 2 percent to 3 percent increase in sales during 2021. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the fourth-quarter and full-year 2021 financial performance of Boeing (NYSE: BA), General Dynamics (NY...
Comtech Telecommunications (Nasdaq: CMTL) has formed two business units in North America to explore market opportunities in the region for satellite ground stations and expand work with U.S. and allied governments. Daniel Gizinski, who has held senior management roles at Comtech since 2019, will serve as president of the U.S.-based subsidiary that w...
Narda-MITEQ has acquired Maryland-based radio frequency and microwave technology supplier Intelligent RF Solutions as both companies aim to expand their market presence and product development capability. The deal marks the first acquisition for Narda-MITEQ, formerly owned by L3Harris Technologies (NYSE: LHX), since it became a portfolio company of ...
Plymouth, Michigan-based optical technology supplier EOTech has bought Intevac‘s (Nasdaq: IVAC) photonics unit for approximately $100 million in upfront cash and future earnout payments. Intevac said Monday it also negotiated a six-month transaction service agreement with EOTech and intends to focus on the thin-film equipment market following ...
