Ian Reason, a two-decade aerospace and defense sector veteran, has been named a senior vice president at Barnes Group (NYSE: B) and president of the company’s aerospace business. His appointment takes effect May 2 and he will succeed Michael Beck, who intends to retire on April 30, Barnes said Monday. Reason most recently served as...
The State Department has approved Bulgaria’s request to buy Lockheed Martin-built (NYSE: LMT) F-16 Block 70 aircraft, related equipment and services through a potential $1.67 billion foreign military sales agreement. The government of Bulgaria asked to purchase four F-16 C units and four of the aircraft’s D variant to improve its capability to c...
Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary and Boeing (NYSE: BA) have added six technology suppliers to an industry team that is working on a proposed helicopter for the U.S. Army’s Future Long-Range Assault Aircraft program. The companies that will supply components for the Defiant X helicopter are ATI Forged Products, Collins Aerospace,...
The countdown clock has officially begun – there is just one month remaining until voting closes for the user-generated ranking of the 2022 Wash100 Award! For two months now, the most popular executives in government contracting, the federal sector and adjacent industries have battled it out, powered by your votes. Out of the complete list of...
Terran Orbital (NYSE: LLAP) began trading common stock and warrants on the New York Stock Exchange Monday as a result of the Boca Raton, Florida-based small satellite builder’s merger with special purpose acquisition company Tailwind Two. The newly public company said Monday its revenue backlog sits at more than $200 million and will work to...
Small satellite builder Terran Orbital has completed its merger with Tailwind Two Acquisition Corp. and the combination raised $255.4 million in gross proceeds via the transaction. Tailwind Two said Friday the combined entity will operate under the name Terran Orbital and officially go public Monday on the New York Stock Exchange. “The capital rai...
The State Department has approved a potential $175.98 million foreign military sale, through which Bahrain seeks assistance to update M270 Multiple Launch Rocket Systems manufactured by Lockheed Martin (NYSE: LMT). Bahrain wants to convert nine MLRS units into the M270 A1 configuration, spare parts and logistical and program support services through...
Lockheed Martin (NYSE: LMT) has received a $318.9 million contract modification to supply the U.S. Air Force with additional Joint Air-to-Surface Standoff Missile systems. The service branch ordered 308 more JASSM-Extended Range missiles and containers from the company’s missiles and fire control business as part of lot 20 production work, the...
Executive Mosaic is honored to present Mary Petryszyn, corporate vice president and president of defense systems business at Northrop Grumman, as a 2022 Wash100 Award recipient for her efforts to help enable military and allied forces to interoperate and network across all domains as well as to continue advancing defense capabilities and services....
Lori Stallard, formerly an executive at Leidos (NYSE: LDOS), has joined KBR (NYSE: KBR) as vice president of business development for the science and space segment. Stallard wrote in a LinkedIn post that she will support KBR’s government solutions business in her new position. She most recently served as VP of BD and capture strategy...
