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A report by financial services company Raymond James (NYSE: RJF) shows that 122 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 63 percent increase from the prior-year period and an 11 percent rise from the previous quarter. The August report was issued by Raymond James’ defense ...
The State Department has approved Israel’s request to buy F-15IA aircraft, advanced medium-range air-to-air missiles, 120mm tank cartridges, family of medium tactical vehicles and M933A1120mm high explosive mortar cartridges from the U.S. government under five foreign military sales agreements worth approximately $20.3 billion combined. The De...
Vivek Upadhyaya has joined Defcon AI as chief financial officer, responsible for strategic planning and execution as well as leadership of all company finance activities. Defcon AI said Thursday Upadhyaya most recently worked at Mercury Systems as vice president and CFO of the mission systems segment. Yisroel Brumer, co-founder and CEO of Defcon AI,...
CyberCore Technologies, now a wholly-owned subsidiary of HP’s (NYSE: HPQ) federal arm, has appointed Randy Anderson, a more than three-decade defense industry executive, as senior vice president of programs. The company said Thursday Anderson will lead program execution and drive on-contract growth initiatives across CyberCore’s business portfo...
The U.S. Air Force has awarded 67 companies positions on a potential nine-year, $975 million contract to help the Air Force Rapid Sustainment Office optimize the operational readiness of deployed weapon systems. The Department of Defense said Tuesday the 771st Enterprise Sourcing Squadron at Wright-Patterson Air Force Base in Ohio received 68 offers...
Northrop Grumman (NYSE: NOC) saw its second-quarter fiscal 2024 sales climb 7 percent to $10.2 billion, up from $9.6 billion during the prior-year period, and attributed the growth to strong demand for the company’s products and services. The Falls Church, Virginia-based aerospace and defense contractor said Thursday Q2 net awards totaled $15....
Client Solution Architects has appointed Jeremy Ross, a business development and capture management leader, as chief growth officer. “I look forward to leveraging the power of technology in providing cutting edge IT modernization, cyber security, training and digital solutions,” Ross said in a LinkedIn post published Tuesday. He brings t...
Northrop Grumman (NYSE: NOC) has received a $1.46 billion contract modification from the U.S. Navy for nine E-2D Advanced Hawkeye aircraft and related support. The Department of Defense said Friday the award covers four aircraft for the Navy and five for Japan, and is expected to wrap up by March 2029. In March 2023, the...
Digital services company Lithe Solutions has appointed Ravi Gourineni, an information technology executive, as chief operating officer. In a LinkedIn post published Tuesday, the company said Gourineni will oversee growth initiatives and help ensure the delivery of innovative platforms to clients. “[Gourineni’s] expertise in agile develop...
Angela Ambrose, former vice president of government relations and communications/marketing at General Motors‘ (NYSE: GM) defense business arm, was named VP of government operations at Oshkosh (NYSE: OSK). The defense vehicle and equipment manufacturer said Monday Ambrose, who has over two decades of experience in legislative and executive bran...
