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...
Chris Montferret, a more than two-decade veteran at General Dynamics‘ (NYSE: GD) mission systems business, was elevated to the role of vice president of strategy and business development for the maritime and strategic systems unit. In a LinkedIn post, he announced his executive move within General Dynamics Mission Systems and welcomed the oppo...
Jon Rucker, formerly a senior vice president at Science Applications International Corp. (NYSE: SAIC), has been appointed president and CEO of Ultra‘s intelligence and communications business unit. He will take over from Dan Verwiel, who has served as acting CEO of Ultra Intelligence & Communications since September and will return t...
