An affiliate of private equity firm Lone Star Funds has completed its acquisition of ship repair services provider Titan Acquisition Holdings from global investment firm Carlyle (Nasdaq: CG) and Stellex Capital Management. The transaction was first announced in February. Titan is the parent company of three ship repair and marine fabrication service...
Tony Gingiss, formerly chief operating officer at Virgin Orbit, has assumed the COO role at satellite manufacturer Terran Orbital (NYSE: LLAP). He brings to the role more than two decades of production, operations and leadership experience in the defense and aerospace industries, Terran Orbital said Wednesday. Gingiss previously oversaw day-to-day o...
The State Department has approved Kuwait’s request to continue its purchase of engineering technical and maintenance support services for C, D, E and F variants of the F/A-18 fighter aircraft from the U.S. government under a potential $1.8 billion foreign military sales agreement. Sigmatech, Kay and Associates, KBR (NYSE: KBR), L3Harris Techno...
Markeeva Morgan, a senior director at Boeing (NYSE: BA), has been promoted to vice president and program manager of the company’s VC-25B program. He announced his new position in a LinkedIn post and will be responsible for managing the program to build the U.S. Air Force’s next presidential aircraft. Boeing was awarded a sole-source, $3....
Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, said driving stability and predictability are his top priorities and advancing these priorities highlights the need to have a well-trained workforce and address supply chain challenges. Colbert told Aviation Week in a podcast aired June 2 that BDS hired abo...
SpaceX and United Launch Alliance secured six new assignments each under a follow-on U.S. Space Force procurement vehicles for national security space launch services. Space Systems Command said Thursday that SpaceX will launch five missions for the Space Development Agency’s missile warning and tracking constellation and one classified USSF m...
L3Harris Technologies (NYSE: LHX) has received a $29 million contract to design an overhead persistent infrared sensor payload for the U.S. Space Force’s future missile warning satellite network. The company will conduct an initial one-year OPIR sensor payload design for the first increment of Space Systems Command’s medium-Earth orbit c...
Red 6 has raised $70 million in a Series B funding round meant to help the augmented reality startup to continue investing in its proprietary technology for a combat pilot training system. RedBird Capital Partners led the financing round, in which Lockheed Martin‘s venture capital arm and Boeing‘s investment partnership with A...
A new McAleese & Associates report estimates most defense prime contractors recorded a 3 percent growth in sales during the first quarter of 2023, indicating that labor availability is improving and supply chain deliveries are starting to stabilize. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, offered an an...
Boeing (NYSE: BA) has secured a $200 million contract modification from the U.S. Navy to obtain long-lead items and related services needed to maintain the timeline for F/A-18E/F full-rate production efforts. Naval Air Systems Command will use the branch’s fiscal 2022 aircraft procurement funds to cover the full obligated amount, according to ...
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