Pratt & Whitney, an RTX (NYSE: RTX) business, has secured a potential $870 million contract from the Defense Logistics Agency to sustain the global fleet of TF33 engines. The company said Wednesday it will provide maintenance, program management, field service, repairs and engineering and spare parts for nearly 1,000 engines in service with the ...
Since its release in October 2022, the National Defense Strategy has guided the Department of Defense as it navigates today’s global competition landscape. A core objective within the strategy is to build enduring advantages, and the NDS notes investments in technology as a key part in achieving this goal. Leading DOD R&D efforts is Under...
The State Department has approved a potential $650 million foreign military sale of anti-air and anti-surface interceptor missiles and related equipment to the government of South Korea. RTX‘s (NYSE: RTX) missiles and defense business unit will serve as the principal contractor on the potential deal that covers the provision of 38 Standard Mis...
Combined Joint All-Domain Command and Control, or CJADC2, is a highly important part of the Department of Defense’s strategy for the future. It envisions a state of unification where all military communications and technology systems are interconnected and operate seamlessly. There are a host of topics that need to be urgently discussed in relatio...
Christina Mancinelli, formerly director of national critical systems at Lockheed Martin‘s (NYSE: LMT) space arm, has been named vice president of space security, cyber and analytics within the business’ national security space unit. “National Security Space is enabling us to leverage the strengths of our collective team to solve ou...
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...
