The Space Development Agency is seeking information on industry sources that could provide a position, navigation and timing service payload for the second tranche of the National Defense Space Architecture’s transport layer. SDA intends to proliferate a low cost L-band PNT service payload on the Tranche 2 Transport Layer, according to a request f...
Leidos (NYSE: LDOS) posted $164 million in net income and diluted earnings per share of $1.17 in the third quarter of fiscal year 2022 and saw its revenue rise 4 percent to $3.6 billion for that period. The company attributed the sales growth to increased deployments on the Defense Healthcare Management System Modernization program, ramp-up...
FireFly Aerospace, a portfolio company of private equity firm AE Industrial Partners, is aiming to raise $300 million in a new funding round by the end of the year. Bill Weber, CEO of FireFly, said the company would use the new capital to advance a medium-lift spacecraft through a development partnership with Northrop Grumman (NYSE:...
Suresh Subbaratinam, former enterprise solutions architect at CACI International (NYSE: CACI), has joined security consulting firm Avint as chief technology officer. The two-decade information security veteran will lead Avint’s technology development projects and quality-related initiatives in his new position, the company said Wednesday. Subb...
Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Raytheon Technologies (NYSE: RTX) received the most money through Department of Defense contracts during the government’s 2021 fiscal year, according to data from the Pentagon’s Office of Local Defense Community Cooperation. The “Fiscal Year 2021 Defense Spending by State” report...
Wood Parker, former president of the Northrop Grumman IT sector’s Federal Enterprise Solutions business unit, was chosen in 2005 as the Technology Good Scout Award recipient from the National Capital Area Council of the Boy Scouts of America. Parker joined the private sector after two decades of service in the U.S. Navy. His industry career...
Swami Swaminathan has been promoted to the chief executive officer role at Reli Group, where he formerly served as a chief information officer for more than five years. Swaminathan, who has also served as acting CEO since July, will be responsible for overseeing Reli’s delivery and operational areas in his full-time position, the health infor...
Bill Bodie, a more-than-three-decade defense and civil engineering industry veteran, has been appointed senior director of development at the Center for Strategic and International Studies, GovCon Wire has learned. Bodie most recently served as development director at the Center for Strategic and Budgetary Assessments and was a visiting fellow at th...
The Department of Defense continues to issue accelerated payments meant to help defense contractors withstand the impact of the COVID-19 pandemic even after the White House declared the health crisis over, Bloomberg reported Monday. In March 2020, DOD issued a memo that increases the progress payment rates for large businesses from 80 percent to 90...
Todd Borkey, most recently chief technology officer at HII’s (NYSE: HII) Mission Technologies division, has assumed the role of executive vice president and CTO of the Newport News, Virginia-based defense and technology services contractor. He will report directly to HII President and CEO Christopher Kastner and oversee research and development an...
