The United Arab Emirates has asked to procure Terminal High Altitude Area Defense systems, manufactured by Lockheed Martin (NYSE: LMT), from the U.S. government under a potential $2.245 billion foreign military sales deal cleared by the State Department. UAE’s procurement request includes 96 THAAD missile rounds along with four launch control ...
Leidos (NYSE: LDOS) recorded fiscal 2022 second quarter revenue of $3.60 billion, up 4 percent from the same period a year ago. The Reston, Virginia-based company said net income for the quarter rose to $172 million or $1.24 per share and total backlog as of June 30 was $34.7 billion with $7.5 billion funded. All...
TYSONS CORNER, VA, Aug. 4, 2022 — Paul Dillahay, CEO of Empower AI and a 2022 Wash100 Award winner, has announced the opening of a new office in Henrico County, Virginia, to support the information technology company’s expansion efforts, ExecutiveBiz reported. He added that the move to the new facility will create 150 job opportunities....
Matthew Quinn, a federal service veteran with more than two decades of law enforcement and protective security experience, has been appointed vice president of government solutions at counter-drone technology maker Fortem Technologies. In his new role, Quinn will lead the development of operational concepts and technology offerings designed to prote...
In the most recent Executive Spotlight interview, ExecutiveBiz spoke with Jay Humphlett, executive vice president of public sector at Dataminr, to learn about the core values that drive the company’s culture in a competitive federal landscape. He also talked about his move to Dataminr and the artificial intelligence-powered capabilities offere...
5G, the fifth generation of wireless networking, shook the communications world when it was deployed in 2019. With increased bandwidth, faster speeds and lower latency, 5G opened a new world of connectivity across a wide range of mission areas for the federal government. Now, the intelligence community is eyeing 5G capabilities, and industry leader...
In recent years, the Department of the Air Force has made significant strides in its modernization journey, but the service is still dealing with lingering issues, alongside emerging ones, as it continues to stretch its area of responsibility over two of the world’s largest, most quickly evolving domains. The DAF’s number one challenge today is...
Booz Allen Hamilton (NYSE: BAH) recorded a 13.1 percent jump in sales for the first quarter of its 2023 fiscal year to $2.25 billion and attributed the revenue increase primarily to a 28 percent growth in its civil business. The McLean, Virginia-based technology and management consulting services contractor said Friday net income attributable to com...
Rolls-Royce‘s North American subsidiary has received an $854.4 million indefinite-delivery/indefinite-quantity contract from Naval Air Systems Command to fix engines of tactical aircraft flown by the U.S. Marine Corps and Kuwait’s military. Under the five-year contract, Rolls-Royce will perform depot-level services to repair and maintain...
Aidis Zunde, chief operating officer of Yorktown Systems Group, was featured in a recent Executive Spotlight interview published Tuesday. He talked about his transition from a military career to one in the defense industry as well as the company’s recent growth initiatives and core values important to its culture. Here’s an excerpt from ...
