Vertex Aerospace updated its website and corporate identity imagery and changed its name to The Vertex Company after it closed the acquisition of Raytheon Technologies’ (NYSE: RTX) defense training and mission critical solutions business on Dec. 6. Ed Boyington, president and CEO of The Vertex Company, said in a statement published Friday the new ...
The State Department has approved Poland’s request to buy 250 M1A2 SEPv3 main battle tanks, manufactured by General Dynamics (NYSE: GD), through an approximately $6 billion foreign military sales agreement. Pieces of equipment covered by the FMS package include 250 AN/VLQ-12 counter-improvised explosive device systems, 26 M88A2 Hercules combat rec...
A new McAleese & Associates report says most defense prime contractors recorded a 2 percent to 3 percent increase in sales during 2021. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the fourth-quarter and full-year 2021 financial performance of Boeing (NYSE: BA), General Dynamics (NY...
Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace business has secured a potential 10-year, $99.6 million contract from the U.S. Air Force to perform sustaining engineering work on avionics of the E-3 airborne early warning and control system. Collins Aerospace will support recurring and non-recurring AWACS avionics maintenance requirements...
Finland’s defense ministry has formalized an agreement to procure 64 F-35A conventional takeoff and landing jets along with associated equipment and sustainment services from the U.S. government for approximately $9.4 billion, Reuters reported Friday. The signing of the procurement documents came one month after Lockheed Martin‘s (NYSE: ...
The Potomac Officers Club on Wednesday hosted its 8th Annual Defense Research & Development Summit, where government and industry leaders discussed the projects and ideas that are keeping the U.S. military and Pentagon officials at the forefront of modern strategy as well as technological discoveries that prepare for new threats abroad. After a...
The Defense Logistics Agency has awarded Collins Elbit Vision Systems a $158.2 million modification on a contract for support services to a helmet display system built to help military fighter pilots cue sensors and weapons against aircraft and ground threats. CEVS, a joint venture between Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace b...
Executive Mosaic’s ninth annual Wash100 award selection was officially announced Wednesday to recognize 100 leaders from the worlds of government, industry and academia who have made noteworthy contributions to their organizations and the government contracting sector. The Wash100 is the premier class of business executives, agency officials a...
The State Department has approved a potential $233 million foreign military sale of aircraft engine maintenance services and associated equipment to Greece. The government of Greece is in need of depot-level services to repair and maintain F100-PW-229 engines equipped on F-16 Block 52+/52+ jets, the Defense Security Cooperation Agency said Wednesday...
Maria Demaree Maria Demaree, a vice president at Lockheed Martin (NYSE: LMT), and Maisha Glover, a senior vice president at Booz Allen Hamilton (NYSE: BAH), have been appointed to serve on the Intelligence and National Security Alliance’s board of directors. Maisha Glover Demaree and Glover were among the newly elected board members who will p...
