Viasat (Nasdaq: VSAT) booked a $99 million order during the second quarter of its 2023 fiscal year to supply Joint Tactical Radio System terminals to the U.S. Navy. The order from Naval Information Warfare Systems Command is part of a potential $998 million indefinite-delivery/indefinite-quantity contract awarded in May 2020, the company said Monday...
The U.S. Air Force has awarded five companies positions on a potential 10-year, $975 million contract to perform technology maturation and risk reduction work under a program that seeks to build prototypes of an adaptive engine for next-generation fighter aircraft. The awardees are General Electric’s (NYSE: GE) Edison Works business, Raytheon Tech...
A new McAleese & Associates report shows major defense prime contractors posted sector operating margins of approximately 11 percent in the second quarter of 2022, reflecting limited impact from the current 8.5 percent inflation. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q2 2...
Marc Duvall, a more than 40-year industry executive with aerospace original equipment manufacturers, has joined private equity firm AE Industrial Partners an an operating partner. “Marc’s strong knowledge of the aerospace supply chain combined with his proven operating track record will allow him to contribute significantly to a variety of v...
The U.S. Army has notified contractors of its intent to extend by three years a multiple-award procurement vehicle for contingency operations training services to military and civilian personnel. A special notice posted Wednesday on SAM.gov says the Enterprise Training Services Contract would expire on June 18, 2023, under the extension plan. The se...
Mirion Technologies, a supplier of radiation detection and measurement instruments to various markets, has purchased the critical infrastructure business of Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace business. The acquired entity develops command-and-control software platforms that are designed to help customers manage systems cybers...
Booz Allen Hamilton (NYSE: BAH) said its move to acquire cybersecurity firm EverWatch would allow it to secure “billions of dollars” worth of contracts and compete with rival contractors such as Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX), Defense News reported Monday. In March, Booz Allen agreed to buy EverWatch as part of...
The State Department has approved Saudi Arabia’s request to purchase Patriot missile interceptors and related equipment from the U.S. government under a potential $3.05 billion foreign military sales contract. Raytheon Technologies (NYSE: RTX) will serve as the prime contractor to deliver 300 Patriot MIM-104E Guidance Enhanced Missile-Tactical...
The State Department has approved a potential $8.4 billion foreign military sales agreement with the German government for 35 units of F-35 Joint Strike Fighter, missiles, related equipment and program support services. The NATO ally also asked to purchase F135-PW-100 engines for the conventional take off and landing aircraft, AIM-120C-8 advanced me...
The State Department has approved the request of the Japanese government to acquire advanced medium-range air-to-air missiles and related equipment under a potential $293 million foreign military sales agreement. Raytheon Technologies‘ (NYSE: RTX) missile systems business will serve as the principal contractor for the possible FMS covering 150...
