An affiliate of private equity firm Lone Star Funds has agreed to buy ship repair services provider Titan Acquisition Holdings from Carlyle (Nasdaq: CG) and Stellex Capital Management for an undisclosed sum. The parties expect the transaction to conclude in 2023, pending government approvals and other customary closing conditions, and Titan CEO Jim ...
Sierra Nevada Corp. has booked a five-year, $716.8 million contract to provide high-band aircraft sensor components to the U.S. Navy, international cooperative partners and foreign military sales clients. The indefinite-delivery/indefinite-quantity contract from Naval Air Systems Command covers the procurement of Multi-Intelligence Sensor Devel...
Boeing (NYSE: BA) will provide guidance subsystems support for the U.S. Air Force’s Minuteman III intercontinental ballistic missile under a potential 16-year, $1.6 billion contract. Minuteman ICBM guidance systems have recorded more than 40 million hours of operation and Boeing said Wednesday it will help maintain the readiness of such technologi...
Executive Mosaic is honored to announce Roger Krone, chairman and CEO of Leidos, as a 2023 Wash100 Award winner in recognition of his leadership strategy that works to sustain the company’s growth through innovation, major program wins and acquisitions. Krone, a 45-year GovCon industry veteran, has made all 10 classes of the Wash100 for his ...
Boeing (NYSE: BA) has received a $2.25 billion contract modification to produce 15 additional KC-46A tankers for the U.S. Air Force. The award for the ninth aircraft production lot under a previously awarded contract covers licenses, data and subscriptions, the Department of Defense said Friday. Work under the contract option will occur in Seattle t...
Boeing (NYSE: BA) reported a $6.2 billion revenue from its defense, space and security business for the fourth quarter of 2022, compared with the $5.8 billion posted in the same period a year ago. The BDS organization posted a 5 percent growth year-on-year, bringing its annual sales to $23.1 billion, according to Q4 2022 financial...
A Boeing (NYSE: BA) subsidiary has secured a $463 million U.S. Navy contract for the procurement of low-band sensor components designed for manned and unmanned aircraft. Under the five-year contract, Argon ST will provide hardware and associated engineering services for the Multi-Intelligence Sensor Development Sensor Suite, the Department of Defens...
An industry team led by Boeing (NYSE: BA) has received a contract from NASA to develop and test a Transonic Truss-Braced Wing demonstrator aircraft as part of the space agency’s Sustainable Flight Demonstrator project. NASA will invest $425 million in the development of the TTBW demonstrator over a seven-year period, while Boeing and its industry...
The Defense Advanced Research Projects Agency has selected a Boeing (NYSE: BA) subsidiary to develop flight systems for an X-plane demonstrator aircraft designed to operate without the use of external mechanical controls. Manassas, Virginia-based Aurora Flight Sciences will aim to complete detailed design, development and critical design review proc...
Leanne Caret, former CEO of the defense, space and security unit at Boeing (NYSE: BA), has been elected to the board of directors at Raytheon Technologies (NYSE: RTX). “With a focus on rapid deployment of highly complex systems, she has driven development of groundbreaking technology solutions throughout her tenure,” Greg Hayes, CEO and chairman...
