The shares of RTX (NYSE: RTX) popped 7.18 percent to $78.38 after the aerospace and defense company reported a year-over-year Adjusted sales growth of 12 percent to $19 billion in the three months that ended Sept. 30, 2023. Besides announcing a $10 billion stock buyback program, RTX also entered into a definitive agreement to sell its...
The U.S. Air Force plans to increase the ceiling value of a potential $6.4 billion multiple-award, indefinite-delivery/indefinite-quantity contract used to acquire natural disaster recovery, contingency and humanitarian support services to $15 billion. Increasing the ceiling amount of the Air Force Contract Augmentation Program V IDIQ contract will ...
CAE (NYSE: CAE) has agreed to sell its health care business unit to Chicago-based Madison Industries for approximately $226.3 million as the Canadian aerospace and defense company seeks to focus on its core training and simulation markets. Both companies expect to close the transaction before the end of fiscal year 2024, subject to closing condition...
Justin Woulfe is the chief technology officer of Systecon North America, a company focused on bringing cutting edge lifecycle management and operational readiness services to a variety of industries, including the defense sector. Since we last spoke with Woulfe in January, he and his cohort have been busy: they’ve successfully secured and...
The Department of Veterans Affairs has notified stakeholders that it anticipates awarding a potential 10-year, $60.7 billion contract vehicle for information technology products and services by the end of October or early November. VA provided the update on the Transformation Twenty-One Total Technology Next Generation 2 contract in a special notice...
Matt Teschke, formerly associate director at Accenture‘s (NYSE: ACN) federal services arm, has been named chief technology officer at government information technology services contractor Redhorse. He will help drive the company’s product development and enhancement efforts to meet federal customers’ mission requirements, Redhorse ...
Client Solution Architects‘ project operations division has been appraised at Maturity Level 3 under the CMMI Institute’s Capability Maturity Model Integration framework for services following an assessment conducted by Assess-IT. The company said Monday the CMMI Level 3 appraisal validates that its project, program and risk management o...
With technology advancing rapidly and new threats taking shape, zero trust, a security strategy based on continuous authentication, has become a major priority for the Department of Defense. In November 2022, the department solidified its zero trust push with the release of the Zero Trust Strategy and Implementation Roadmap. According to J...
United Concordia Companies has received a potential six-year, $3 billion contract from the Defense Health Agency to provide dental health services for Military Health System beneficiaries under the Tricare program. The DHA’s managed care contracting division in Aurora, Colorado, will fund the indefinite-delivery/indefinite-quantity contract using ...
Andre Trotter, a 15-year Lockheed Martin (NYSE: LMT) veteran, has been named segment vice president for deep space exploration, weather/earth sciences and commercial solutions at the Bethesda, Maryland-headquartered defense contractor. He announced his new post Saturday on LinkedIn and assumed the role after serving as VP overseeing Lockheed’s...
