The State Department has informed Congress about its plan to give the United Arab Emirates a green light to procure 18 MQ-9B Reaper unmanned aerial vehicles from the U.S. government under a potential $2.8B foreign military sales agreement, Reuters reported Friday....
Michele Evans, executive vice president of Lockheed Martin’s Aeronautics business, was presented her first Wash100 Award for advancing aircraft technological capabilities and forming strategic partnerships. In particular, her efforts to drive production and aeronautics technology throughout 2019 for Lockheed Martin have earned Evans her first Was...
The board of directors of Concurrent Technologies Corp. has elected Jeffrey Harris, a national security industry veteran, as board chair and business leader Dale Mosier as vice chair. Harris and Mosier will each serve a three-year term on the company’s board....
The State Department has cleared a potential $175.4M foreign military sale deal covering support services to modernize Romania's fleet of Lockheed Martin-built (NYSE: LMT) fighter jets....
Stephen Sartwell, formerly an executive at L3Harris Technologies (NYSE: LHX), has joined Cobham Advanced Electronic Solutions as senior vice president for program and operations excellence. Sartwell held manufacturing-related roles across his tenure at L3Harris, including leadership over standardization to accommodate boosted production workloads, C...
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Boeing Conducts Taxi Test on AI-Powered Unmanned Aircraft Prototype An unmanned aircraft prototype Boeing developed with the Australia’s air force has undergone a low-speed taxi process as part of tests and preparations for a maiden flight slated for later this year. T...
Advanced Micro Devices (Nasdaq: AMD) has agreed to acquire Xilinx (Nasdaq: XLNX) in an all-stock deal worth approximately $35B as part of AMD’s efforts to expand its data center business and portfolio of technology products. The boards of directors of the two companies unanimously cleared the transaction, which is expected to be completed by the e...
Lockheed Martin's (NYSE: LMT) Sikorsky subsidiary has been awarded a $550.4M contract modification to produce Lot IV of CH-53K helicopters for the U.S. Navy's heavy-lift missions. Sikorsky will provide six low-rate initial production airlifters along with support services such as logistics, configuration audits and tooling, the Department ...
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards AECOM Closes Sale of Power Construction Business to CriticalPoint Capital; Troy Rudd Quoted AECOM has sold its Power construction business to affiliates of CriticalPoint Capital, AECOM reported on Friday. The sale will add to AECOM’s business transformation strategy to ...
The State Department has approved Taiwan’s request to buy high mobility artillery rocket system launchers, AGM-84H standoff land attack missile-expanded response systems, MS-110 recce pods and related equipment and services under three foreign military sales agreements worth approximately $1.8B combined....
