The State Department has approved Saudi Arabia’s potential $582 million foreign military sale request to procure hardware and software from the U.S. government to replenish and modernize its RE-3A tactical airborne surveillance system aircraft fleet. The proposed FMS deal covers seven Global Positioning System/Inertial Navigation System securi...
Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, has been elected to serve as chair of the Aerospace Industries Association’s board of governors for 2024. Colbert, who also serves as an executive vice president at Boeing, succeeds Tom Gentile as chairman and will serve on the association’s exe...
LightRidge Solutions has expanded its leadership team with the appointment of technology leaders Skip Williams and Jim Congdon as chief technology officer and chief software officer, respectively. The portfolio company of private equity firm ATL Partners was established in March to design, develop and deliver small space and airborne sensors and pay...
An affiliate of private equity firm TJC has agreed to acquire the commercial aviation solutions business of L3Harris Technologies (NYSE: LHX) for approximately $800 million. L3Harris said Monday it expects the transaction to conclude in the first half of 2024, subject to regulatory approvals and other customary closing conditions. “Today’s annou...
Elbit Systems‘ (Nasdaq: ESLT) U.S. subsidiary will deliver helmet-mounted night vision goggle systems to the U.S. Marine Corps under a five-year, $500 million indefinite-delivery/indefinite-quantity contract. The contract covers the provision of Squad Binocular Night Vision Goggles, spare parts, logistics support and test equipment to the serv...
Government contracting mergers and acquisitions deals are on the upswing after a year and a half of slow progress. That was one of the resounding themes of the 6th Annual Government and Defense Conference, hosted by Robert W. Baird & Co., at the Ritz-Carlton, Tysons Corner on Wednesday. Baird Managing Director and Wash100 Award winner&...
Firefly Aerospace closed the third tranche of its Series C Funding round, bumping the valuation of the end-to-end space transportation company to $1.5 billion. It has raised around $300 million since February this year. During the round, Mitsui & Co. and other new investors joined existing investors led by AE Industrial Partners, Firefly Ae...
The State Department has approved a potential $2.53 billion foreign military sale of M1A2 Abrams main battle tanks and related equipment to the government of Romania. The potential FMS deal includes 54 M1A2 System Enhancement Program version 3 vehicles, 54 M1A1 structures, four M88A2 Hercules combat recovery vehicles, four M1110 joint assault bridge...
Murali Krishnan, most recently sector vice president of strategic growth at Northrop Grumman’s (NYSE: NOC) mission systems business, has been promoted to sector VP and general manager of the payload and ground systems division within the Falls Church, Virginia-based aerospace and defense contractor’s space systems business, GovCon Wire has l...
Tessa Baerlocher, most recently deputy general manager of the space superiority business group at LinQuest, has assumed the role of vice president and business lead of the space systems technology developer’s TMC Design subsidiary. In this capacity, she will oversee growth initiatives within TMC and advance modernization in the areas of digita...
