Northrop Grumman (NYSE: NOC) has secured a potential two-year, $189 million contract from the U.S. Air Force to provide Combat Air Forces Distributed Mission Operations services. The Department of Defense said Thursday the sole-source contract includes the development of a virtual environment designed to facilitate distributed training events, inclu...
Damian DiPippa, formerly CEO of Aretum, has taken on the chief executive role at Auria, a space domain awareness provider backed by Enlightenment Capital. DiPippa brings over three decades of industry experience in missile defense, satellite operations, systems engineering and mission and intelligence, Auria said Tuesday. “Damian is uniq...
A report by financial services company Raymond James (NYSE: RJF) indicates that 79 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 6.7 percent increase from the prior-year period. The June report was issued by Raymond James’ defense and government investment banking team, where 2024 W...
Northrop Grumman (NYSE: NOC) has booked a $147 million production order from the U.S. Army for aircraft common infrared countermeasure systems, marking the fourth award on a $959.1 million contract announced in May 2021. The company said Wednesday it has 336 additional order of the CIRCM shipset on top of the 500 units already delivered...
A report by financial services company Raymond James (NYSE: RJF) shows that there were 76 mergers and acquisitions in the defense and space industry during the first quarter of 2024, a 55 percent increase from the same period the previous year and a 31 percent rise from the previous quarter. Defense and Space M&A Activity...
Maxar Technologies’ intelligence business has named Lisa Henke, a veteran technology executive, as chief of technology and innovation for the U.S. government. Henke announced her promotion at Maxar Intelligence in a LinkedIn post published Thursday. She most recently served as USG account executive for Army and Space Force programs, according to h...
Jun Choi, formerly CEO of information technology services company NextNow, has joined IT Concepts as senior vice president of human capital services, according to his LinkedIn post. He will oversee employee, partner and customer engagement to support the company’s strategic growth and human capital management initiatives. From March 2020 to Ap...
The State Department has approved NATO’s request to buy Alliance Ground Surveillance system equipment and related support services from the U.S. government under a foreign military sales agreement worth approximately $250.2 million. The Defense Security Cooperation Agency said Thursday Northrop Grumman (NYSE: NOC) will serve as the principal c...
Northrop Grumman’s (NYSE: NOC) board of directors has elected finance executive Kenneth Crews to succeed the retiring Dave Keffer as the company’s chief financial officer, effective Oct. 1. The Falls Church, Virginia-based company said Tuesday Keffer intends to retire on Feb. 21 to spend more time with his family. Crews, currently vice president...
The U.S. Navy has awarded eight companies contract options worth $1.86 billion combined to continue providing professional management and technical services in support of the military branch’s cyberspace operation systems and capabilities. The award exercises the second option year of a previously awarded indefinite-delivery/indefinite-quantit...
