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Day and Zimmermann has acquired Empire Products Inc., which makes propellant and charge bags for the defense sector, in a deal aimed at expanding D&Z’s munition product manufacturing operations. Financial terms of the transaction were not disclosed and D&Z said Wednesday EPI has been a key partner for the company’s supply chain. ...
The Office of Strategic Capital was stood up in December of last year, marking a decisive move by the Department of Defense to direct financial support to the technology industry. OSC is particularly interested in funding projects and organizations related to “advanced materials, next-generation biotechnology and quantum computing,” per rep...
Although the United States Army has been strategically prioritizing the “Army of 2030” recently, the service’s modernization goals don’t stop there. Today, Army leaders are looking even further into the future and preparing for fights well beyond the next decade. During his keynote address at the Potomac Officers Club’s 8th Annual Arm...
Leidos (NYSE: LDOS) saw its revenue climb 7 percent year-over-year to $3.8 billion during the second quarter of fiscal year 2023 and reported $210 million in net income and diluted earnings per share of $1.50. The defense and information technology services contractor said Tuesday the revenue growth was driven by increased demand for hypersoni...
Leidos (NYSE: LDOS) and Microsoft (Nasdaq: MSFT) will accelerate the development and delivery of artificial intelligence and cloud computing platforms to support public sector customers’ missions under a strategic collaboration agreement. The two companies will co-develop generative AI tools to help customers support cross-domain applications ...
Anthony Robbins, vice president of NVIDIA’s federal business, accepted his sixth Wash100 prize from Jim Garrettson, CEO and founder of Executive Mosaic and the award itself, in a convivial meeting at NVIDIA’s Herndon, Virginia office in July. The Wash100 Award is determined by EM’s discerning voting committee on an annual b...
Chris Mays, staff specialist solutions architect at Red Hat, said government agencies seeking to strengthen and streamline the process of developing and delivering secure software should adopt open source technology. Mays wrote in an article published on Carahsoft.com how open source fosters innovation in the software development process.. “It is ...
Debbie Gallop, senior vice president of finance at Technical and Project Engineering, has been elevated to the chief financial officer position. She will oversee efforts to align TAPE’s financial strategy with its long-term goals and mission in her new capacity, the company said Monday. Gallop said she aims to implement new policies and proced...
L3Harris Technologies (NYSE: LHX) has officially added a business segment upon the completion of the Melbourne, Florida-based aerospace and defense contractor’s $4.7 billion cash purchase of propulsion system builder Aerojet Rocketdyne. Both parties first announced the $58-a-share deal in December 2022, with the acquirer aiming to grow its bus...
The board of directors of Iridium Communications (Nasdaq: IRDM) has approved a plan to buy back another $400 million in shares through Dec. 31, 2025. Iridium said Thursday the plan marks its third and largest stock buyback authorization and increases the satellite communications company’s total repurchase program to $1 billion, the company sai...
