The U.S. subsidiary of CAE (NYSE: CAE) has purchased a minority interest in a SkyWarrior business that primarily offers flight training services to the military sector. Pensacola, Florida-based SkyWarrior currently supports the Naval Introductory Flight Evaluation program for student aviators at the U.S. Navy and Marine Corps, CAE said Tuesday. Dan ...
Jim McAleese, founder of McAleese & Associates and three-time Wash100 winner, estimates 4 percent to 7 percent growth in overall second quarter sales among defense primes. His analysis of contractor Q2 results covered Boeing (NYSE: BA), BAE Systems, General Dynamics (NYSE: GD), Huntington Ingalls Industries (NYSE: HII), L3Harris Technologies (NY...
New York-based private equity firm ATL Partners has purchased Geost, an Arizona-based maker of sensors that can detect and protect satellites from other spacecraft and space debris, for an undisclosed sum, Defense One reported Wednesday. ATL plans to further build up Geost through acquisitions and investments and intends to boost the company’s bud...
The State Department has approved a potential $270 million foreign military sales deal covering sustainment equipment and services for Greece’s F-16 fighter aircraft fleet. L3Harris Technologies (NYSE: LHX), Lockheed Martin (NYSE: LMT), Raytheon Technologies (NYSE: RTX), Collins Aerospace, Northrop Grumman (NYSE: NOC) and Atec are the principa...
SOS International has named intelligence community veterans Neil Wiley and Dan Robinson as senior adviser for intelligence programs and vice president of business development, respectively, as part of efforts to expand the company’s analytic services business. Wiley will align resources and establish the strategic vision, administrative and operat...
The U.S. Air Force has awarded indefinite-delivery/indefinite-quantity contracts worth $950 million in combined value to 22 companies to procure intelligence, surveillance and reconnaissance equipment and services in support of U.S. customers under the Foreign Military Sales program. The Department of Defense said Thursday recipients of the multiple...
TYSONS CORNER, VA, May 10, 2021 — General Atomics‘ aeronautical systems business updated the mission system of its MQ-9 Reaper in collaboration with the U.S. Air Force and L3Harris Technologies (NYSE: LHX), ExecutiveBiz reported April 23. GA-ASI said April 22 the remotely piloted aircraft demonstrated its ability to collect intelligence data...
CAE Chief Financial Officer Sonya Branco, four-decade industry veteran Brian Morra and former House Armed Services Committee Chairman Mac Thornberry have joined the board of directors at CAE USA. Montreal-based CAE said Thursday its U.S. subsidiary board includes outside directors who provide oversight for the defense contractor’s government s...
Dallas-based telecommunication company COMSovereign Holding (Nasdaq: COMS) has agreed to acquire signal processing technology developer Innovation Digital through an $8 million transaction both parties expect to close within a 10-day period. COMSovereign said Wednesday the deal would add signal processing tools and intellectual property to the vendo...
Executive Mosaic is pleased to introduce Gwynne Shotwell, president and chief operating officer of SpaceX, as a recipient of the 2021 Wash100 Award for the fourth time in the eight-year history of the Wash100 Award, the industry standard for excellence in the government contracting (GovCon) sector. This marks Shotwell’s fourth Wash100 win in the l...
