Northrop Grumman (NYSE: NOC) has increased its quarterly dividend by 8 percent to $1.87 per share. The company said Tuesday its board of directors authorized the raise and that shareholders of record as of the close of business on May 30 will receive the dividend June 14. Kathy Warden, chair, CEO and president of Northrop,...
Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX) have secured other transaction prototype agreement modifications to extend the companies’ technology development services under the Missile Defense Agency’s Glide Phase Interceptor program. The additional funds would allow the contractors to fine-tune GPI concepts, as par...
After a competitive four months and tens of thousands of votes, Executive Mosaic is excited to announce that the winner of the 2023 Wash100 popular vote competition is the resolute Department of Defense cornerstone, Defense Secretary Lloyd Austin. This year, a staggering nearly 40,000 votes were cast in support of the esteemed recipients of the 2...
General Electric (NYSE: GE), Northrop Grumman (NYSE: NOC) and Carbon-Carbon Advanced Technologies have received separate contracts from the Department of Defense to further build up supply chains for hypersonic systems and strategic platforms. GE will increase capacity to produce high- and ultra-high temperature composites under a potential 39-month...
GovCon industry veteran Damian DiPippa has been appointed CEO of Aretum, the newly created government services platform company within Renovus Capital Partners. Atif Gilani, founding partner at Renovus Capital, said in a statement published Thursday DiPippa’s experience and knowledge of the government services sector will enable him to impleme...
Global Ordnance‘ military products division will provide ammunition to the U.S. Army under a $431 million firm-fixed-price contract. Army Contracting Command received two bids for the procurement effort and will determine the funds upon issuance of individual orders, the Defense Department said Friday. DOD expects contract work to be complete ...
Northrop Grumman (NYSE: NOC) can move forward with full-rate production of the U.S. Army’s Integrated Battle Command System after a defense acquisition board issued the FRP decision. The board approval comes after IBCS completed the initial operational test and evaluation phase, the Army’s missiles and space program executive office said...
The U.S. Air Force has added Kratos Defense & Security Solutions (Nasdaq: KTOS) and Boeing‘s (NYSE: BA) Aurora Flight Sciences subsidiary as awardees on a $400 million contract for aerospace system research and development services. Fifteen bids were submitted to the Air Force Research Laboratory for the Advanced Aerospace Systems Technolo...
Boeing (NYSE: BA) and Raytheon Technologies (NYSE: RTX) have joined the list of awardees on a U.S. Air Force research and development contract worth up to $400 million over seven years, the Department of Defense said Wednesday. Five companies now hold spots on the Advanced Aerospace Systems Technology Research program. General Atomics, Lockheed...
Photo Contributor: Tsuguliev/Shutterstock The defense industry is one of the world’s largest and most competitive industries. The U.S. federal government agencies under the Department of Defense are actively procuring defense products and upgrading existing systems with the latest technology to strengthen the nation’s military fo...
