KBR (NYSE: KBR) posted $1.75 billion in second quarter revenue to register a year-over-year increase of 8 percent and a higher backlog under its government business for the three months ended June 30. The company said Thursday quarterly backlog in the KBR Government Solutions unit amounted to $16 billion, compared with the $11.5 billion recorded...
L3Harris Technologies (NYSE: LHX) reported $4.69 billion in second-quarter revenue, up 13 percent from the prior-year period, and lifted sales outlook for 2023 with growth across the company’s three core business segments. The Melbourne, Florida-based aerospace and defense contractor now expects full-year revenue of between $18.0 billion and $...
NewSpring Holdings has bought Bridge Core for an undisclosed sum as part of a strategy to establish a full-spectrum company focused on meeting the technology needs of the U.S. intelligence community. NewSpring said Wednesday Chad Kim, most recently chief technology officer at QinetiQ Group’s U.S. arm, has been appointed CEO of Bridge Core, a provi...
Sarcos Technology and Robotics (Nasdaq: STRC and STRCW) has established an artificial intelligence-focused business segment to cater to the demands of the defense market, and selected Denis Garagic, the company’s chief technology officer, to lead the new unit. The Advanced Technologies division will market Sarcos’ AI and machine learning...
Digital transformation efforts are sweeping the U.S. Department of Defense as the military services race to attain the benefits a strong digital ecosystem can offer. Achieving this goal requires swift, coordinated efforts across all involved parties, and according to experts in the field, the department must place a heavy emphasis on its people...
Eleven companies have been named in the latest batch of NASA’s Tipping Point partners that will develop technologies that could support lunar surface and space exploration missions. The agency said Tuesday it expects to contribute a total of $150 million to fund the projects and each award recipient will shoulder at least 10 to 25...
Systems Planning and Analysis underwent an executive leadership change in November 2022 when Bill Vantine retired and Rich Sawchak took the helm as the company’s new CEO. Sawchak refocused the organization’s strategy and structure and is leading SPA to accelerated growth through a combination of organic and acquisition-based expansion ...
The Department of Defense’s Joint All-Domain Command and Control initiative, or JADC2, has been a high priority for leaders across the defense landscape as they work to provide the United States’ joint force with a connected, unified network to accelerate data sharing and decision making. The Air Force’s response to the Pentagon’s JADC2 effo...
All of the four-star generals of the U.S. Air Force and the vast majority of three-stars assembled in June at a table top exercise that demonstrated various scenarios regarding strategic maneuvers required when carrying out logistics in contested settings and conditions. The service’s leaders saw it as a highly beneficial process that is nece...
Explore the largest military shipbuilding companies, building the U.S. Navy and Coast Guard fleet and ensuring maritime strength and security. Strengthening maritime presence has consistently remained a key priority of the U.S. federal government. In pursuit of this objective, the military engages in contracts with the largest shipbuilding co...
