RTX (NYSE: RTX) will provide updated seeker, navigation and GPS receiver technologies to the U.S. Navy for integration into Tomahawk missile systems under two contract modifications and a task order worth $165.4 million combined. The Navy allocated $124.3 million to buy 42 Maritime Strike Tomahawk Seeker suites for low-rate production three of the s...
French aerospace and defense company Safran has agreed to purchase a Collins Aerospace business that offers aircraft actuation and flight control products in an approximately $1.8 billion cash deal. Safran said Friday it aims to complete the acquisition in the second quarter of 2024 and to balance the company’s exposure to the military and com...
French aerospace and defense company Safran has agreed to purchase a Collins Aerospace business that offers aircraft actuation and flight control products in an approximately $1.8 billion cash deal. Safran said Friday it aims to complete the acquisition in the second quarter of 2024 and to balance the company’s exposure to the military and com...
The State Department has cleared a potential $2.90 billion foreign military sale of advanced medium-range air-to-air missiles manufactured by RTX (NYSE: RTX) to the government of Germany. The potential FMS deal covers the provision of up to 969 AIM-120C-8 AMRAAM and 12 AMRAAM C8 guidance sections, the Defense Security Cooperation Agency said Wednesd...
Pratt & Whitney, an RTX (NYSE: RTX) business, has been awarded a $256.3 million contract option by Naval Air Systems Command to maintain fielded F-35 propulsion systems for domestic and international military customers. The engine builder will support depot-level F135 maintenance and repair activities under the exercised option, the Department o...
The U.S. Air Force made a $5.5 billion modification to an existing deal with Pratt & Whitney, a subsidiary of RTX (NYSE: RTX), for the sustainment of F-117 aircraft engines. The award increases the value of the project to $8 billion and extends the expected completion date to September 2027, the Department of Defense said...
The U.S. Air Force awarded RTX (NYSE: RTX) a $1.15 billion contract to supply the latest Advanced Medium-Range Air-to-Air Missile configuration to domestic and international defense customers. The award covers AIM-120 D-3 and C-8 variants developed through the AMRAAM Form, Fit, Function Refresh program, RTX said Tuesday. It marks the fifth productio...
Tiffanny Gates, former CEO of Novetta and a three-time Wash100 winner, has been named an operating partner at Washington, D.C.-based investment firm Capitol Meridian Partners. She will be part of a team of seasoned government and industry executives who support CMP’s strategic direction for its portfolio companies, the company said Thursday. G...
Karen Quimby, senior director of supply chain and global procurement at BAE Systems Inc. since July 2022, has assumed a new role as vice president of global supply chain within the Falls Church, Virginia-based contractor’s platforms and services business sector. Quimby announced her new position in a LinkedIn post published Sunday and her resp...
Andrew Ivers, a veteran defense and communications electronics industry leader, will assume the role of CEO of Communications & Power Industries and its parent company, CPI International, by the end of May. He will succeed Bob Fickett, who will transition to the position of executive chairman of CPI’s board of directors and serve as a...
