John Bergeron, a 15-year veteran of Raytheon Technologies (NYSE: RTX), has joined Teledyne Technologies‘ (NYSE: TDY) FLIR Defense subsidiary as vice president of global services for surveillance. He will oversee the management and growth of a business organization that provides imaging sensor support to the military and public safety sectors, ...
Cybersecurity firm Forcepoint is looking to divest its government security unit for over $2 billion and is working with Citigroup on the potential sale as the company looks to focus on building up its commercial business, Reuters reported Wednesday. Sources said no deal has been signed since discussions over the potential sale are still in...
The State Department has approved a pair of foreign military sale deals worth potentially $774.2 million combined for the government of Morocco to procure High Mobility Artillery Rocket System launchers and Joint Standoff Weapon systems from the U.S. Morocco asked to buy 18 M142 HIMARS launchers along with 350 pieces of related equipment and support...
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...
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...
Collins Aerospace, a unit of Raytheon Technologies (NYSE: RTX), has booked a potential $140 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force to perform repairs on the propeller system of C-130 military transport planes. The sole-source award includes $116.8 million in options and a firm-fixed-price pricing provision, ...
Executive Mosaic is honored to introduce Kathy Warden, chair, CEO and president of Northrop Grumman, as a 2023 Wash100 Award winner for aligning the company’s portfolio of technology offerings to priorities of defense customers and advancing strategic growth. This year marks the 10th iteration of Executive Mosaic’s annual list of the top 100...
The State Department has cleared Australia’s request to procure from the U.S. government long-range cruise missile systems manufactured by Raytheon Technologies (NYSE: RTX) under a potential $895 million foreign military sale deal. Australia asked to buy 200 Tomahawk Block V missiles and associated support for all up rounds, a tactical weapon ...
Pratt & Whitney, a business unit of Raytheon Technologies (NYSE: RTX), has secured a potential $8 billion contract to manufacture engines to power F-35 jets, produced by Lockheed Martin (NYSE: LMT), for U.S. and international defense customers. The deal covers 15-16 production lots of up to 518 F135 engines and includes a lot 17 lot...
The State Department has cleared Taiwan’s request to buy munitions, related equipment and services for F-16 fighter jets from the U.S. government through a potential $619 million foreign military sales agreement. Lockheed Martin (NYSE: LMT) and Raytheon Technologies’ (NYSE: RTN) missiles and defense business will serve as principal contractors i...
