Seven companies have secured U.S. Navy contracts worth $495 million combined to construct and repair naval bases within Naval Facilities Engineering Systems Command’s Southwest area of responsibility. The awardees will support projects to build, renovate and repair dry utilities under the indefinite-delivery/indefinite-quantity contacts, the D...
The State Department has approved a potential $2.53 billion foreign military sale of M1A2 Abrams main battle tanks and related equipment to the government of Romania. The potential FMS deal includes 54 M1A2 System Enhancement Program version 3 vehicles, 54 M1A1 structures, four M88A2 Hercules combat recovery vehicles, four M1110 joint assault bridge...
Michael Drews, a more than two-decade Lockheed Martin (NYSE: LMT) veteran, has been appointed vice president of NC3 advanced capabilities and mission strategy at the Bethesda, Maryland-based aerospace and defense contractor’s space business. He announced his new role in a LinkedIn post on Wednesday. In this capacity, Drews will serve as a cross bu...
Lockheed Martin (NYSE: LMT) elevated the role of Jay Watson from director of advanced strategic programs to vice president of strategic reentry programs at the company’s missile defense operations, he announced in a LinkedIn post on Wednesday. Watson has been with Lockheed for almost three decades, joining in 1995 as engineering and science ma...
IBM (NYSE: IBM) has launched a $500 million venture fund intended for artificial intelligence-focused early-stage and hyper-growth startups. The company said Tuesday IBM Enterprise AI Venture Fund will support the advancement of generative AI technology and research while expanding the company’s AI partnership ecosystem. The investment is...
KBR (NYSE: KBR) delivered a strong and well-rounded performance in Q3 2023, and its president and CEO, Stuart Bradie, described the nine percent all organic at the revenue line as a terrific performance. In the three months that ended Sept. 29, 2023, revenue increased to $1.77 billion from $1.62 billion in Q3 2022. The provider...
HII (NYSE: HII) released its recent financial results and achieved several milestones in the third quarter of 2023. In the three months that ended Sept. 30, 2023, total revenues during the quarter increased 7.2 percent to $2.81 billion versus Q3 2022, a new third-quarter record, while new contract awards hit $5.4 billion. The company said...
Textron‘s (NYSE: TXT) Bell subsidiary will possibly provide aircraft maintenance and logistics support services to the Iraqi government under a potential $300 million foreign military sales agreement approved by the State Department. The services will add to a previously awarded FMS deal worth $28 million and support three Bell 407 variants, 2...
Potomac Officers Club will kick off its exciting slate of monthly summits next year with the 10th Annual Defense R&D Summit on Jan. 31, 2024. To celebrate its first decade, the event will feature none other than Under Secretary of Defense for Research and Engineering Heidi Shyu as the opening keynote speaker. Shyu is one of...
Nathan Pritchard, a 26-year systems and cybersecurity engineering veteran, has been appointed chief engineer for launch and test range systems on Ensco‘s systems engineering and integration program. He announced his new role in a recently published LinkedIn post and will oversee the company’s SE&I efforts supporting the U.S. Space Fo...
