Tom Gentile, president and CEO of Spirit AeroSystems, and Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, have been elected to serve as chairman and vice chairman, respectively, of the Aerospace Industries Association’s board of governors for 2023. Eric Fanning, a previous Wash100 awardee, will continu...
A Lockheed Martin (NYSE: LMT) spacecraft launched aboard NASA’s Space Launch System rocket early Wednesday in the start of the agency’s program to land humans again on the lunar surface. The uncrewed Orion separated from the SLS upper stage at a speed of 22,600 mph two hours after liftoff at the Kennedy Space Center in...
Kathleen Hicks, deputy secretary of the Department of Defense, met with members of the Defense Business Board and informed them about the initiatives to strengthen the defense industrial base’s resiliency, according to a DOD meeting readout released Thursday. During DBB’s first quarterly meeting for fiscal year 2023, the two-time Wash100...
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...
