A report by financial services company Raymond James (NYSE: RJF) shows that there were 76 mergers and acquisitions in the defense and space industry during the first quarter of 2024, a 55 percent increase from the same period the previous year and a 31 percent rise from the previous quarter. Defense and Space M&A Activity...
Maxar Technologies’ intelligence business has named Lisa Henke, a veteran technology executive, as chief of technology and innovation for the U.S. government. Henke announced her promotion at Maxar Intelligence in a LinkedIn post published Thursday. She most recently served as USG account executive for Army and Space Force programs, according to h...
The National Defense Authorization Act for Fiscal Year 2024 was signed into law at the end of 2023. Among its various mandates were that the Department of Defense cultivate private 5G networks at its service branch bases and outposts. These bases total around 800 globally, representing a clear opportunity for telecommunications providers to offer th...
Jeremy Wensinger to Succeed Chuck Prow as V2X President & CEO; Lockheed Receives $553M in Army MRLS Supply Contract Modifications; Pentagon Releases Regional Sustainment Framework; Executive Spotlight With SAIC’s Hilary Hageman Click to Unmute ...
Mark Santamaria, formerly senior vice president and chief financial officer at CAES, has assumed the CFO role at Austal‘s shipbuilding arm in the U.S. He has three decades of experience in finance and executive leadership, including more than 20 years at Lockheed Martin (NYSE: LMT), where he was divisional CFO, Austal USA said Thursday. “We...
Executive Mosaic’s GovCon Index and Wall Street ended the week strong due to a broad market rally. The index, which tracks the stock performances of 30 major government contractors, edged 0.21% higher Friday to $4,871.91, suitable for a 1.94% week-on-week gain. The Nasdaq Composite advanced 2.02% for a weekly gain of 4.2%. Alphabet (Nasdaq: G...
Scott Wood, formerly vice president of programs at Leonardo DRS (Nasdaq: DRS), has been named VP of defense programs at T-Rex Solutions, a provider of information technology modernization services to government agencies. He will manage the company’s growth strategy and oversee the delivery of IT products and services to the Department of Defen...
Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) ...
Darrell Graddy, formerly chief operating officer of Leidos‘ (NYSE: LDOS) U.K. business arm, has been appointed chief strategy officer at Boston Government Services. He brings to the role nearly four decades of government contracting industry experience in program management, business development, capture strategy, strategy development and stra...
As a program manager and engineer in the U.S. Air Force, Rocky Thurston gained the skills he needed to transition smoothly into government contracting. His first work in the field was as a program manager for an intelligence community contract at Booz Allen Hamilton, after which point he took on more assignments and learned and...
