Investment company Endeavour Capital has acquired Forrest Machining Inc., also known as FMI Aerostructures, which produces structural components for aerospace and defense platforms. Tim Mickael, an aerospace executive with two decades of industry experience, joined FMI Aerostructures as CEO, and all current managers will remain with the company as p...
The State Department has approved a proposed $134 million foreign military sales agreement for follow-on technical support to Japan’s destroyer ships that carry the Lockheed Martin-built (NYSE: LMT) Aegis Combat System. A Defense Security Cooperation Agency notice posted Wednesday says the Japanese government asked to procure Aegis Class Destr...
GovCon Wire Events hosted its latest event on Wednesday to share the key trends impacting the government contractors in our sector and how to mature the capture process to grow a qualified pipeline and improve win rate during A Blueprint for a Modern, Data-Driven Approach to Capture Management Webinar. With Technomile’s Chief Operating Officer Mic...
The State Department has approved a potential $270 million foreign military sales deal covering sustainment equipment and services for Greece’s F-16 fighter aircraft fleet. L3Harris Technologies (NYSE: LHX), Lockheed Martin (NYSE: LMT), Raytheon Technologies (NYSE: RTX), Collins Aerospace, Northrop Grumman (NYSE: NOC) and Atec are the principa...
The State Department has approved Israel’s request to procure 18 CH-53K heavy-lift helicopters, manufactured by Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary, through a potential $3.4 billion foreign military sales transaction with the U.S. government. The possible FMS deal will include T408-GE-400 engines from General Electric (NYSE...
Fourteen companies have won spots on a potential 10-year, $2.41 billion contract to help the U.S. Army operate, modernize and secure a network of government-controlled facilities for hosting large-scale military cyber mission force events. Contractors will compete for individual orders to provide event planning and execution, site security, informat...
The U.S. Air Force has awarded Raytheon Technologies (NSYE: RTX) a $212.05 million sole-source delivery order to provide fighter aircraft engines to Morocco to fulfill a foreign military sales requirement. The order is for F100-PW-229 install engines, manufactured by Raytheon’s Pratt & Whitney business, as part of an indefinite-delivery/in...
The U.S. Army has selected five companies to receive funds that will support artificial intelligence and robotic technology prototyping projects under the service branch’s other transaction agreement with the National Advanced Mobility Consortium, Inside Defense reported Thursday. Contractors will prototype AI and robotic systems intended to b...
Momentus has appointed former executives at the Export-Import Bank of the U.S., Raytheon Technologies (NYSE: RTX) and Lockheed Martin (NYSE: LMT) to serve on the board of directors for the publicly traded space infrastructure services company that will result from Momentus’ planned merger with Stable Road Acquisition Corp. (Nasdaq: SRAC). Kimb...
Momentus has appointed John Rood, former undersecretary of the Department of Defense for policy, to serve as its CEO starting Aug. 1, ahead of its planned merger with Stable Road Acquisition Corp. Rood will take over from Dawn Harms, who will return to her duties as chief revenue officer after temporarily holding the top executive...
