The State Department has approved a potential $224 million foreign military sale to the Netherlands of Patriot M903 launching stations and related equipment. The Defense Security Cooperation Agency said Thursday the Netherlands requested to purchase two new production launching stations along with equipment and services needed to upgrade existi...
Marc Allen, a nearly two-decade Boeing (NYSE: BA) veteran, has joined aerospace company Electra as CEO. Allen will succeed John Langford, founder and former Electra CEO who will remain as chairman of the company, Electra said Thursday. Previously, Allen served as chief strategy officer and senior vice president for strategy and corporate development...
The State Department has approved Australia’s request for AH-64E Apache sustainment support services and related equipment under a potential $300 million foreign military sale transaction. The Defense Security Cooperation Agency said Friday Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) will be the principal contractors for the pr...
When the Space Development Agency was stood up in 2019, it was mired in skepticism from across the Department of Defense. Instead of using the traditional paths for acquisition of new satellite technologies, which tended toward large systems that were difficult and time-consuming to field and build, SDA took a different tack: buy small commerci...
Michael Smith, former Lockheed Martin (NYSE: LMT) vice president, was appointed president and CEO of Hanwha Defense USA. The company said in a LinkedIn announcement Monday that Smith brings to HDUSA more than two decades of experience in the aerospace and defense sector and will replace outgoing CEO John Kelly. Smith previously held senior leadershi...
The State Department has approved South Korea’s request to purchase up to 36 AH-64E Apache helicopters from the U.S. government. The Defense Security Cooperation Agency said Monday the proposed foreign military sale is valued at around $3.5 billion and includes 76 T700-GE-701D engines, 36 AN/ASQ-170 modernized target acquisition and designation si...
A report by financial services company Raymond James (NYSE: RJF) shows that 122 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 63 percent increase from the prior-year period and an 11 percent rise from the previous quarter. The August report was issued by Raymond James’ defense ...
The State Department has approved the potential $3.5 billion sale of up to 36 AH-64E Apache helicopters to the Republic of Korea. Boeing and Lockheed Martin (NYSE: LMT) will serve as the principal contractors for the proposed foreign military sale, which also includes engines, fire control radars, missiles, missile warning systems, logistics and eng...
The State Department has cleared a potential $5 billion foreign military sales request of Germany to buy up to 600 Patriot Advanced Capability-3 Missile Segment Enhancement interceptors and related equipment and services from the U.S. government. The Defense Security Cooperation Agency said Friday Lockheed Martin (NYSE: LMT) will serve as the prime ...
Tracy Jeffries Riley announced on LinkedIn that she has taken on the role of vice president of contracts at construction services provider Chugach Government Solutions. Prior to taking on her latest role, Riley served as VP of contracts at Freedom Consulting Group and, before that, executive director of contracts at ManTech International subsidiary ...
