Shankar Rachkonda has been an entrepreneur at heart for a long time, so it wasn’t a question if he was going to start a business, just a matter of when. After earning a mechanical engineering bachelor’s degree and a Ph.D. in engineering, he built a career working in large businesses serving government and commercial entities as...
High Point Aerotechnologies has made a series of appointments to its leadership team following the full integration of Liteye Systems and Black Sage Technologies into its business operations. Black Sage CEO Al White, President Ann Wood and Chief Financial Officer Creighton Bowsher will retain their position titles at the Boise, Idaho-headquartered a...
Government contracts awarded by Air Force Research Lab have since been an effective collaboration between the government and private sectors. The purpose of these research and development programs is to advance technical and scientific expertise and apply what is gained to achieve national and agency goals The Air Force Research Laboratory (A...
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...
