L3Harris Technologies (NYSE: LHX) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.7 billion in cash, or $58 per share, in a transaction that will allow the aerospace and defense contractor to further advance innovation and continue to deliver missile defense systems, hypersonics and other capabilities to the Department of ...
Thirty veterans of the government, industry and academia to serve on a federal advisory committee that offers strategic and policy recommendations to the National Space Council. Lester Lyles, a retired U.S. Air Force general and an independent consultant, was selected to chair the NSpC Users Advisory Group, the White House said Friday. Vice Presiden...
The Department of Commerce has cleared a joint NASA-National Oceanic and Atmospheric Administration program to acquire spacecraft that will follow the Geostationary Operational Environmental Satellite R Series. The agencies can now start the contracting process to build a Geostationary Extended Observations system and associated instruments, NOAA...
Boeing (NYSE: BA) and NASA have closed on a $3.2 billion contract for the production of core and upper stages to power Space Launch System rockets that will support future lunar exploration missions. The aerospace and defense company will use the funds to manufacture up to 10 SLS core stages for Artemis III and IV,...
The U.S. Air Force has awarded 92 companies positions on a potential 10-year, $900 million contract to come up with innovative approaches to advance the development of multidomain systems. The Air Force Life Cycle Management at Wright Patterson Air Force Base in Ohio is the contracting activity and received 94 proposals for the indefinite-delivery/i...
The State Department has approved Poland’s request to buy from the U.S. government M1A1 Abrams main battle tanks, other vehicles and related equipment through a potential $3.75 billion foreign military sales agreement. The Defense Security Cooperation Agency said Tuesday there will be 12 prime contractors on the proposed FMS transaction, which inc...
A new McAleese & Associates report shows defense prime contractors recorded a 3 percent increase in sales during the third quarter of 2022 and sector operating margin of 11 percent. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, offered an analysis of the Q3 financial performance of Lockheed Martin (NYSE: LMT...
General Electric (NYSE: GE), L3Harris Technologies (NYSE: LHX), Textron (NYSE: TXT) and Veritas Capital are among the companies that have expressed interest in acquiring Aerojet Rocketdyne (NYSE: AJRD), which has an estimated market valuation of $4 billion, Reuters reported Wednesday. Citing unnamed sources, Reuters noted the El Segundo, California-...
The U.S. Navy has awarded approximately $385.3 million in two indefinite-delivery/indefinite-quantity contracts for engineering and logistics services in support of KC-130J aerial refueling aircraft systems. Rolls-Royce will sustain and support the tanker’s propulsion system under a $228.1 million firm-fixed-price contract while General Electr...
Matt Veldhuis, a 22-year veteran of Lockheed Martin (NYSE: LMT), has joined Raytheon Technologies (NYSE: RTX) as director of business development within the intelligence and space unit. He will oversee requirements and capabilities related to space intelligence, surveillance and reconnaissance in his new position, according to a LinkedIn post publis...
