Charles Peiffer, executive vice president and chief financial officer of PAE (Nasdaq: PAE), will assume additional responsibilities as interim president and CEO of the Falls Church, Virginia-based government services contractor starting Friday, March 19. Peiffer was appointed by the board after John Heller, a 2021 Wash100 Award winner, decided to st...
Since its inception in 2019, the Space Development Agency (SDA) has continually worked to develop and modernize architecture concepts, systems designs, innovative technologies and emerging capabilities to enable leaders across the space domain to leverage next-generation space capabilities that increase warfighters’ lethality, maneuverability and ...
The State Department has approved Germany’s request to procure five Boeing-built (NYSE: BA) P-8A Poseidon maritime surveillance planes from the U.S. government through a potential $1.77 billion foreign military sale transaction. The German government asked to buy P-8As to replace its current fleet of Lockheed Martin-made (NYSE: LMT) P-3C Orion...
Zachary Lemnios and Terry Halvorsen of IBM (NYSE: IBM) said the company has led the development of a marketplace in a hybrid cloud environment meant to secure the development and production of microelectronics for the Department of Defense and commercial industry. IBM established the Marketplace for Advanced, Rapid, Quantifiably-assured, Trusted Sem...
Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary has been awarded a one-year, $155.2 million contract modification by the U.S. Navy to obtain long-lead materials in preparation for lot 6 production of CH-53K King Stallion helicopters. The award is for parts and components needed to manufacture nine CH-53K aircraft, the Department of Defense s...
A new McAleese & Associates report noted the fourth quarter 2020 financial performance of large prime defense contractors Boeing (NYSE: BA), General Dynamics (NYSE: GD), Huntington Ingalls Industries (NYSE: HII), Lockheed Martin (NYSE: LMT). Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX). Jim McAleese, founder of McAleese &am...
PCX Aerosystems, a mechanical parts supplier to the military and commercial aerospace sectors, has agreed to acquire the Connecticut-based metallic components manufacturing business of British technology company Senior for an undisclosed sum. The deal would add Senior Aerospace Connecticut‘s transmission and rotorhead products to the PCX portf...
The Defense Advanced Research Projects Agency has selected the research teams that will work to meet the research objectives of a program that seeks to develop semantic technology platforms designed to automate the detection, characterization and attribution of falsified media assets. Kitware, SRI International, Purdue University and the University ...
Since its inception in 2019, the Space Development Agency (SDA) has continually worked to develop and modernize architecture concepts, systems designs, innovative technologies and emerging capabilities to enable leaders across the space domain to leverage next-generation space capabilities that increase warfighters’ lethality, maneuverability and ...
Small satellite launch services provider Rocket Lab is close to finalizing an estimated $4.1 billion agreement with a Vector Capital-backed special purpose acquisition company to merge operations, The Wall Street Journal reported Sunday. Rocket Lab would go public if the company combines with Vector Acquisition (Nasdaq: VACQ), which the former expec...
