A proposed $1.75 trillion social safety net spending and climate change bill known as the Build Back Better Act includes language that would require a 1 percent tax on stock repurchases, a provision that could have a potential impact on defense companies, Defense One reported Friday. The Build Back Better framework seeks to “stop large,...
The State Department has cleared a $650 million foreign military sales proposal from Saudi Arabia for the procurement of Raytheon Technologies-built (NYSE: RTX) Advanced Medium Range Air-to-Air Missile systems and associated equipment. Saudi Arabia asked to buy up to 280 AIM-120C AMRAAMs and 596 LAU-128 Missile Rail Launchers along with spare and re...
A General Electric (NYSE: GE) subsidiary has won a potential $1.58 billion contract to manufacture as many as 329 propulsion systems for the U.S. Air Force’s F-15EX fighter aircraft program. GE Edison Works will initially produce 29 lot 2 F110 GE-129 engines and USAF has options to order the next seven production lots under the...
Timothy “Tim” McBride, formerly a senior vice president at Raytheon Technologies (NYSE: RTX), will assume the role of president of Singapore-based ST Engineering’s U.S. arm on Nov. 1. He will oversee the operations of ST Engineering North America through the company’s headquarters in Alexandria, Virginia, the company said Monday. “Tim brin...
Brian Drzewiecki, a finance professional with more than two decades of industry experience, has joined Research Innovations Inc. as chief operating officer and chief financial officer. He will oversee RII’s overall business activity that covers its financial and operational planning functions, the company said Thursday. His career includes exe...
L3Harris Technologies (NYSE: LHX), Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace business and Thales have been awarded $345.2 million in delivery orders to commence the full-rate production of tactical radio systems for the U.S. Army. The Army said Friday the orders fall under a pair of multiple-award indefinite-delivery/indefinite-quan...
Shaun Bierweiler, formerly senior vice president of public sector at Riverbed Technology, has elevated to the role of chief revenue officer of the San Francisco-based information technology company. Bierweiler disclosed his promotion in a LinkedIn job update posted Wednesday. In October 2020, he joined Riverbed from Cloudera, where he spent four yea...
Government contractors came from private companies that manufacture goods and services for government establishments. This group of people is like government organizations that come in different shapes and sizes. A group of government contracting companies is hired by the government when their contracts win through bidding. U.S Government contracts ...
Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace business will help the U.S. Air Force maintain electro-optical/infrared sensors of the U-2 Dragon Lady reconnaissance planes under a potential $493 million indefinite-delivery/indefinite-quantity contract. Collins Aerospace said Wednesday it received a $66.2 million task order that will cov...
The U.S. Air Force has named 55 awardees on a potential 11-year, $46 billion contract to perform work related to model-based systems engineering, weapons and enterprise analytics, digital engineering, Agile processes and open systems architecture. The Air Force Life Cycle Management Center at Eglin Air Force Base in Florida received 58 offers for th...
