RTX reported fiscal 2024 third-quarter sales of $20.1 billion, 8 percent organic sales growth and $2 billion in free cash flow. In an earnings report published Tuesday, the Arlington, Virginia-based aerospace and defense contractor posted a record backlog of $221 billion with the defense segment accounting for $90 billion of that backlog. The compan...
Kapil Wadhera has been at Intel for over 35 years and has gained a breadth of experience from across the company — from chip design to marketing, sales to general management. Given his wide-ranging expertise, he was an obvious choice to lead one of the key Intel Foundry efforts. This initiative was created in response...
Andreas Nonnenmacher, CEO of ARKA Group, received his 2024 Wash100 Award from Executive Mosaic CEO Jim Garrettson during a recent meeting. The Wash100 annually acknowledges executives transforming the government and making waves throughout the government contracting sector. Through the Wash100 Award, these 100 leaders are recognized for sp...
Egypt has secured approval from the U.S. State Department to acquire 720 Stringer missiles and other equipment and services under the Foreign Military Sales program. The Defense Security Cooperation Agency said Tuesday the potential deal is estimated to cost $740 million, citing RTX (NYSE: RTX) as the principal contractor. Egypt plans to...
Through two major plans this year, the Department of Defense announced its intention to take seriously the need for commercial space products. The DOD Commercial Space Integration Strategy and the U.S. Space Force’s Commercial Space Strategy were released within weeks of one another in April and declared that the rapid advancements taking pla...
The U.S. Army has procured mounted assured positioning, navigation and timing systems from an RTX (NYSE: RTX) business under a $96.8 million award. Collins Aerospace will deliver MAPS devices to the service branch, Army Watercraft and Marine Corps System Command as part of the recently executed MAPS Generation II delivery order 4, the Army said...
Kelli Furrer, former vice president of go-to-market at Dell Technologies (NYSE: DELL), has joined Slingshot Aerospace as chief revenue officer and chief marketing officer. The company said Monday Furrer will be responsible for driving the growth strategy of Slingshot by focusing on up-market expansion of its artificial intelligence, data and offerin...
Dr. Timothy Grayson understands how to leverage complex technology to deliver actionable solutions for warfighters. The seasoned technologist has gained experience in the public and private sectors, at major government contracting companies and big defense and intelligence agencies alike. Dr. Grayson is a proven program manager who is not only ...
Chugach Government Solutions has appointed Dirk van der Vaart, a more than 25-year defense and security industry executive, as president and Michael Iacobucci, a more than 15-year government contracting industry veteran, as senior vice president and chief growth officer. The company said Wednesday van der Vaart will also serve as executive VP of Chu...
CAES has secured a $172 million multi-year deal from RTX (NYSE: RTX) to assist the latter with the next three lots of follow-on production for missile data-link assembly. The award supports a major international missile program, CAES said Monday. Based in Arlington, Virginia, CAES is a subsystem provider offering advanced electronic capabilities ...
