Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has secured a contract from the U.S. Navy to produce nine more CH-53K King Stallion helicopters for the U.S. Marine Corps. Lockheed said Thursday the nine helicopters are part of the Marine Corps’ 200 program of record aircraft and are expected to be delivered starting in 2025. CH-53K King...
The State Department has approved a potential $4.21 billion foreign military sale of F-16 Block 70 aircraft, manufactured by Lockheed Martin (NYSE: LMT), and related equipment to the Jordanian government. Jordan asked to procure a dozen units of the updated F-16 C and four of the D configuration to support the country’s fighter aircraft fleet...
Cybereason confidentially filed with U.S. regulators for an initial public offering that could give the Boston-based security startup a valuation of more than $5 billion, Reuters reported Monday. Reuters cited sources that say the cybersecurity company has finalized the underwriters for the IPO, which could kick off in the second half of 2022. Cyber...
Egypt has asked to buy a dozen C-130J military transport planes and associated equipment from the U.S. government under a $2.2 billion foreign military sales proposal approved by the State Department. The Defense Security Cooperation Agency said Tuesday the proposed FMS deal for Lockheed Martin‘s (NYSE: LMT) Super Hercules offering seeks to ad...
Carey Smith, president and CEO of Parsons (NYSE: PSN) and a 2022 Wash100 Award winner, will assume additional duties as chairwoman of the Centreville, Virginia-based company’s board of directors, effective April 14. She will succeed Chuck Harrington, who will retire as executive chairman after a four-decade career with the company, Parsons said Mo...
Rolls-Royce has received a $96.3 million contract modification from the U.S. Air Force to extend by five months the company’s engine repair and sustainment support for the C-130 military transport aircraft fleet. The indefinite-delivery vehicle requirements contract has a cumulative face value of $1.65 billion, the Department of Defense ...
Bradley Jacobs, former senior vice president of finance at BAE Systems’ U.S. subsidiary, has joined the board of directors of Ashburn, Virginia-based cybersecurity company Telos (Nasdaq: TLS). Jacobs has worked as an industry consultant on government contract bid protests and an adjunct professor at Rollins College since 2015, according to his...
Lt. Gen. Michael Guetlein, commander of the U.S. Space Force’s Space Systems Command, spoke at length on the “booming” space economy, growing adversarial threats in the space domain and the nation’s most pressing space capability gaps in a closing keynote address during the Space Acquisition Forum, hosted by GovCon Wire Events on Wednesday...
Executive Mosaic’s ninth annual Wash100 award selection was officially announced Wednesday to recognize 100 leaders from the worlds of government, industry and academia who have made noteworthy contributions to their organizations and the government contracting sector. The Wash100 is the premier class of business executives, agency officials a...
Rocky Thurston, former head of Peraton‘s citizen security and public services sector, has been named chief operating officer at Bethesda, Maryland-based digital services provider DMI Thurston brings his more than two decades of industry experience in business development, capture management, merger-and-acquisition areas to a role responsible f...
