The Department of State has approved the proposed foreign military sale of AIM-9X Block II Tactical Missiles and related equipment to Norway for $370.9 million. RTX will serve as the principal contractor for the transaction, the Defense Security Cooperation Agency said Friday. Weapon Sale to Norway According to the DCSA, the Norwegian gov...
David Broadbent spent over two decades at Raytheon, working across various divisions and sharpening his expertise in defense, space, intelligence and commercial cyber in a slew of leadership positions. Toward the end of his run at that company, Broadbent developed a strong interest in the space environment, and was appointed president of space syst...
The State Department has approved Romania’s foreign military sale request for the Patriot Air Defense System and related equipment, valued at $280 million. The Defense Security Cooperation Agency said Monday RTX and Lockheed will be the principal contractors. Patriot Air Defense System Under the proposed FMS, Romania intends to purch...
Jimmy Kelley, senior director of data center sales and strategy at Dell Technologies, said federal agencies looking to modernize their IT systems to achieve mission goals should improve their data storage and management efforts. In an article published on Carahsoft.com, Kelley wrote that having effective data storage and management could enable...
The State Department has approved a $2.19 billion foreign military sale request by the Netherlands for Tomahawk Land Attack Missiles and related equipment. The Defense Security Cooperation Agency said Friday RTX will be the principal contractor for the proposed project. Tomahawk Land Attack Missiles FMS Request Details Under the proposed d...
Jerry McGinn, executive director of the George Mason University School of Business’ Center for Government Contracting, has received the 2025 Wash100 Award from Executive Mosaic CEO Jim Garrettson. GMU Center for Government Contracting McGinn earned his third Wash100 Award for his significant work associated with the GMU Center for Go...
Ultra Intelligence & Communications has completed the acquisition of Expeditionary Engineering to bolster its advanced networking and communications systems processing capabilities. Integrating Expeditionary Engineering Technologies Ultra I&C said Wednesday acquiring the San Diego-based company, which specializes in software programmable op...
Lockheed Martin has agreed to acquire Amentum’s Rapid Solutions business for approximately $360 million in cash. Amentum said Wednesday the transaction is expected to conclude in the second half of 2025, subject to regulatory approvals and other customary closing conditions. Upon closing, Lockheed will integrate Rapid Solutions and about 230 e...
Lockheed Martin recorded a 4 percent year-over-year increase in fiscal 2025 first-quarter sales to $18 billion, a total backlog of $173 billion and Q1 net earnings of $1.7 billion, or $7.28 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $1.4 billion...
Lockheed Martin has received a $180 million contract modification from the U.S. Navy to procure parts, materials and components to support the conversion of three F-35 production aircraft to flight science replacement planes. Scope of Contract Action The Department of Defense said Monday the new flight science aircraft will help avert any rise in th...
