Timothy Grayson has joined BAE Systems as vice president and general manager of FAST Labs, the company’s research and development arm. The executive announced his appointment in a LinkedIn post Thursday. “I’m thrilled to be working with an incredibly talented FAST Labs team and contributing my experiences to lead the de...
President Donald Trump has announced a total of $2 trillion in investment agreements with Saudi Arabia, Qatar and the United Arab Emirates. Economic Deals With Qatar According to a White House fact sheet published Wednesday, Trump booked a $1.2 trillion economic deal with Qatar to strengthen U.S. manufacturing and technological leadership and drive ...
RTX has secured a $1 billion contract from the Missile Defense Agency to deliver Standard Missile-3 Block IB All-Up Rounds. Contract Specifications The Department of Defense said Friday the non-competitive firm-fixed-price contract covers the procurement of up to 55 units SM-3 Block IB All-Up Rounds built to SM-3 Block IB specifications, includ...
RTX has secured a $2.13 billion contract modification from the Missile Defense Agency for engineering and product support services to sustain Standard Missile-3 Block missile variants. Scope of Standard Missile-3 Block Missile Support Contract The Department of Defense said Monday the potential contractor will provide management support, materi...
David Broadbent spent over two decades at Raytheon, working across various divisions and sharpening his expertise in defense, space, intelligence and commercial cyber in a slew of leadership positions. Toward the end of his run at that company, Broadbent developed a strong interest in the space environment, and was appointed president of space syst...
The Defense Logistics Agency plans to award RTX a potential 20-year, $50 billion sole-source contract to provide systems, production and related support services for the Patriot missile defense system. According to a presolicitation notice published Thursday, DLA intends to issue a request for proposal by April 4 and award the indefinite-delivery/in...
The U.S. Army has selected 10 companies for a potential 10-year, $4.19 billion contract to produce and supply lighter-than-air systems, tethered platforms and elevated sensors to the service branch. The Department of Defense said Thursday the Army Contracting Command at Aberdeen Proving Ground in Maryland launched an online solicitation and received...
Christopher Calio, president and CEO of RTX, has been elected as the aerospace and defense company’s chairman of the board of directors. The Arlington, Virginia-based contractor said Monday Calio’s appointment will take effect on April 30. He will succeed Gregory Hayes, who will step down from his post as executive chairma...
Jonathan Peppard, an industry veteran with 27 years of experience in capture management, program management and business development, has been appointed vice president of strategic capture at Akima. The information technology company said Thursday Peppard will oversee its expansion by leading efforts to capture new opportunities within the federal ...
RTX reported $21.6 billion in fiscal 2024 fourth-quarter sales, up 9 percent from the prior-year period, and recorded $218 billion in total backlog with the defense segment accounting for $93 billion of that backlog. For the full year 2024, the Arlington, Virginia-based aerospace and defense contractor said Tuesday it saw its adjusted sales ri...
