Explore the largest military shipbuilding companies, building the U.S. Navy and Coast Guard fleet and ensuring maritime strength and security. Strengthening maritime presence has consistently remained a key priority of the U.S. federal government. In pursuit of this objective, the military engages in contracts with the largest shipbuilding co...
RTX (NYSE: RTX) has secured an $81 million contract modification to continue supporting a joint initiative between the Defense Advanced Research Projects Agency and the U.S. Air Force to build a hypersonic air-breathing weapon system. The modification brings the total cumulative value of the company’s HAWC contract from $272 million to $...
Peraton has secured a potential five-year, $330.3 million contract from NASA to take over the responsibility of supporting suborbital flight operations at Wallops Flight Facility. Under the Sounding Rocket Operations IV contract, Peraton will perform suborbital payload design, fabrication and integration activities and conduct flight qualification t...
A General Atomics affiliate has secured an $82.6 million contract to continue into the next phase of a Defense Advanced Research Projects Agency-backed program seeking an unmanned system designed to employ multiple air-to-air weapons. DARPA is obligating $24.5 million in fiscal 2023 research and development funds at the time of LongShot Phase III aw...
Raytheon, a subsidiary of RTX (NYSE: RTX), has promoted Amanda Sorensen to senior vice president of human resources, she announced in a LinkedIn post on Wednesday. Sorensen had been VP and chief HR officer of the company since April 2022, when the company was operating as Raytheon Intelligence & Space. Her career in human resources...
The federal government allocates substantial financial services amounting to millions and even billions of dollars to procure a diverse range of services encompassing defense, weaponry, healthcare, cybersecurity, space missions, and more. Federal agencies enter into contracts with private companies that offer these specialized services to accomplish...
Tamim Aslamy, a more than two-decade defense market veteran, has assumed the chief financial officer role at Raytheon Solipsys, an RTX (NYSE: RTX) subsidiary focused on developing command and control platforms for military and homeland security use. He announced his new role in a LinkedIn post Monday and comes to Solipsys from RTX, where he...
Amy Hart, a contract management professional with two decades of industry experience, has joined nonprofit engineering innovation company Draper as vice president of contracts. Hart will report directly to Draper President and CEO Jerry Wohletz and oversee contract life cycle management in her new position, the company said Tuesday. She has managed ...
NASA has chosen seven companies to carry out technology development projects to support the agency’s human space exploration and commercialization goals in low Earth orbit. Each participating vendor in the Collaborations for Commercial Space Capabilities-2 program will develop systems through an unfunded Space Act Agreement, the agency said Fr...
An affiliate of private equity firm Lone Star Funds has completed its acquisition of ship repair services provider Titan Acquisition Holdings from global investment firm Carlyle (Nasdaq: CG) and Stellex Capital Management. The transaction was first announced in February. Titan is the parent company of three ship repair and marine fabrication service...
