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An RTX (NYSE: RTX) business will upgrade the U.S. Navy’s MK 15 Close-In Weapon Systems under a firm-fixed-price contract valued at $159.9 million. Raytheon will supply MK 15 Mod 31 SeaRAM upgrade kits and associated hardware to the service branch over a three-year period, the Department of Defense said Friday. The military and aerospace ...
Joseph Bartasius, a retired U.S. Army colonel and now a senior executive in the defense industry, has joined Data Systems Analysts as chief growth officer, according to his LinkedIn announcement on Sunday. Prior to assuming his current role at DSA, Bartasius served as senior principal for Army sector at General Dynamics (NYSE: GD). He was...
Behrman Capital has agreed to sell its portfolio company kSARIA to ITT (NYSE: ITT) for approximately $475 million. The New York-based private equity investment firm said kSARIA is a manufacturer and supplier of connectivity offerings for the aerospace and defense end markets. Its products are designed to support avionics, sensors, communications and...
Mark Rayha, senior vice president and chief operating officer of General Dynamics‘ (NYSE:GD) Electric Boat, will take over Kevin Graney as president of the subsidiary, effective Dec. 1. Kevin Graney General Dynamics said Thursday Graney will retire at the end of the year. He has been with the company since 1995, assuming leadership roles of...
HII (NYSE: HII) released its second quarter 2024 results that showed growth across all core business segments. The shipbuilder said Thursday its consolidated revenue rose 6.8% year-over-year to a record $2.97 billion, while net income climbed 33.1% to $173 million compared to Q2 2023. Chris Kastner, president and CEO of HII, shared, “Mission T...
CACI International (NYSE: CACI) has secured a $319 million task order to impart its expertise on intelligence systems to the U.S. Army. The information technology company said Wednesday it was chosen to fulfill a five-year work aimed at supporting an Army office in establishing and maintaining an advanced and on-demand environment. The pla...
The Cybersecurity and Infrastructure Security Agency has appointed Lisa Einstein, most recently senior adviser for artificial intelligence at CISA, as its first chief AI officer. CISA said Thursday the appointment reflects the agency’s commitment to advancing the responsible use of AI to meet its cyber defense mission and assist critical infra...
Tria Federal, a middle-market tech and advisory services firm, has established a new group to build and test emerging technologies designed to address the challenges facing federal government customers. The company said Thursday Tria Federal Chief Technology Officer John Cho and a team of engineers, technologists and developers will lead the tech in...
The U.S. Navy has set the stage for sweeping changes in the coming years. With a reinvigorated focus on science and technology, a detailed plan for cyber operations and new ideas for its organizational structure, the Navy is on track for a major transformation. Dive into the Navy’s most important initiatives at the Potomac Officers...
Parsons (NYSE: PSN) posted a record revenue of $1.7 billion during the second quarter of 2024, reflecting a year-over-year growth of 23 percent, and ended the quarter with a total backlog of $8.8 billion with a book-to-bill ratio of 0.9x on net bookings of $1.5 billion. The Centreville, Virginia-based defense and infrastructure engineering company s...
