Naval Air Systems Command awarded Pratt and Whitney‘s military engines business a $145.3 million contract modification to procure depot support equipment and supplies for the F-35 program. NAVAIR exercised options on a previously awarded contract to the Raytheon Technologies subsidiary supporting fighter aircraft sustainment work for both dome...
Mike Petters, president and CEO of Huntington Ingalls Industries (NYSE: HII) and a previous Wash100 awardee, has been appointed chairman of the Aerospace Industries Association’s board of governors for 2022. He will also serve on the association’s executive committee along with Spirit AeroSystems President and CEO Tom Gentile, who is set...
Christie Thomas, vice president of contracts and pricing at Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division since 2018, has been appointed to serve as corporate vice president of investor relations starting Jan. 1. She will succeed Dwayne Blake, who will retire at the start of 2022 after nine years in the job, the...
A new McAleese & Associates report says major defense prime contractors recorded a 4 percent to 6 percent increase in sector profit during the third quarter of 2021. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q3 financial performance of Boeing (NYSE: BA), General Dynamics (NYS...
Eight companies have received contract modifications worth $2.4 billion combined to provide prototype development, sustainment and production support services to the Department of the Air Force. Work will occur in New Jersey, California, Virginia, Utah, Pennsylvania and Iowa through Jan. 9, 2028, the Department of Defense said Wednesday. The modific...
Rocket Lab USA (Nasdaq: RKLB) has agreed to acquire Planetary Systems Corp. in a cash-and-stock transaction to further build up its space systems business and end-to-end offerings across launch and space hardware markets. Rocket Lab said Monday it agreed to pay $42 million in cash and 1,720,841 in shares of common stock to buy PSC...
A proposed $1.75 trillion social safety net spending and climate change bill known as the Build Back Better Act includes language that would require a 1 percent tax on stock repurchases, a provision that could have a potential impact on defense companies, Defense One reported Friday. The Build Back Better framework seeks to “stop large,...
Roger Wells, formerly a vice president at Teledyne FLIR, has been appointed president of Mercury Systems‘ (Nasdaq: MRCY) microelectronics division. The 25-year aerospace and defense industry veteran will also join Mercury’s EVP ranks and his professional background encompasses business development, engineering and program management, the...
Matt Cornwell, a 14-year defense industry veteran, has been named president of Warrenton, Virginia-based propulsion technology developer SPARC Research. He succeeds Patrick Hewitt, who has transitioned to a new role as CEO of SPARC Holding Company, the research business said Monday. Cornwell previously held finance, proposal development and advanced...
The federal business of Microsoft (Nasdaq: MSFT) has promoted John McNiff from chief of staff to a vice president position, G2Xchange FedCiv reported Friday. In his new capacity, McNiff will oversee the delivery of software and consulting services, including the Azure cloud portfolio, to national security customers for both enterprise and mission ap...
