General Dynamics (NYSE: GD) saw its revenue increase 10.5 percent year-over-year to $10.2 billion during the second quarter of fiscal 2023 and reported net earnings of $744 million and $2.70 in diluted earnings per share. The Reston, Virginia-based defense and aerospace contractor said Wednesday it achieved a record-high backlog of $91.4 billion wit...
NewSpring Holdings has bought Bridge Core for an undisclosed sum as part of a strategy to establish a full-spectrum company focused on meeting the technology needs of the U.S. intelligence community. NewSpring said Wednesday Chad Kim, most recently chief technology officer at QinetiQ Group’s U.S. arm, has been appointed CEO of Bridge Core, a provi...
Sarcos Technology and Robotics (Nasdaq: STRC and STRCW) has established an artificial intelligence-focused business segment to cater to the demands of the defense market, and selected Denis Garagic, the company’s chief technology officer, to lead the new unit. The Advanced Technologies division will market Sarcos’ AI and machine learning...
Thirteen additional vendors will compete for work under a $950 million U.S. Air Force contract vehicle to build and demonstrate Joint All Domain Command and Control technologies for air, land, space, sea, cyber and electromagnetic spectrum operations. The indefinite-delivery/indefinite-quantity award encompasses the development and operation of mult...
Collins Aerospace will perform tactical mission network services in support of the U.S. Special Operations Command under a $62 million contract. The RTX (NYSE: RTX) business will provide SOCOM’s Technology Applications Program Office with logistics assistance and life-cycle support for avionics and cockpit systems over a five-year period, the ...
The Department of Health and Human Services’ Biomedical Advanced Research and Development Authority has begun seeking proposals for the second iteration of its accelerator program to advance the rapid development and commercialization of medical countermeasures. A notice posted Wednesday on SAM.gov states that BARDA Accelerator Network 2.0 aim...
Digital transformation efforts are sweeping the U.S. Department of Defense as the military services race to attain the benefits a strong digital ecosystem can offer. Achieving this goal requires swift, coordinated efforts across all involved parties, and according to experts in the field, the department must place a heavy emphasis on its people...
The Johns Hopkins University Applied Physics Laboratory will engineer systems for the U.S. Air Force’s intercontinental ballistic missile system modernization program under a $165.9 million task order. Under the three-year award, APL will also continue to research and develop specialized functions to support the Sentinel weapon system, the Dep...
Jen Sovada, president of SandboxAQ‘s public sector and chair of Executive Mosaic’s 4×24 Quantum Group, was named inaugural member of the board of advisers at private equity firm Bluestone Investment Partners. As advisory board members, Sovada and four other leaders from the defense and government services industry will provide Blues...
RTX (NYSE: RTX), formerly Raytheon Technologies, posted $18.3 billion in fiscal 2023 second quarter sales, up 12 percent from the prior-year period, and saw its adjusted earnings per share increase 11 percent to $1.29 during the quarter. The Arlington, Virginia-based aerospace and defense contractor said Tuesday its backlog at the end of the quarter...
