Michael Garrett, a nearly four-decade U.S. Army veteran, has been appointed to the board of directors at Textron (NYSE: TXT) in a move that takes effect July 1. “His extensive experience in the military and deep understanding of training and deploying U.S. military forces will enable our company to better serve our military customers,” Scott...
Over 10 million shares of Castellum’s (NYSE-American: CTM) common stock traded on Friday as a result of the inclusion of the Bethesda, Maryland-based electronic warfare and cybersecurity services provider into the Russell Microcap Index. “Friday’s activity represents record trading volume for Castellum and helps provide our stockholders wi...
Tamim Aslamy, a more than two-decade defense market veteran, has assumed the chief financial officer role at Raytheon Solipsys, an RTX (NYSE: RTX) subsidiary focused on developing command and control platforms for military and homeland security use. He announced his new role in a LinkedIn post Monday and comes to Solipsys from RTX, where he...
William Ballhaus, a member of Mercury Systems‘ (Nasdaq: MRCY) board of directors since June 2022, has been named interim president and CEO of the Andover, Massachusetts-based defense technology supplier. His appointment was part of a corporate leadership refresh strategy and he will hold the position until a permanent president and CEO is name...
The U.S. Navy’s Flank Speed cloud platform was introduced about two years ago, in May 2021, and has reportedly helped bring about a wave of positive technological change for the service branch. A collaboration with Microsoft 365, Flank Speed has seen the transition of over 530,000 users to its common suite of tools and shared digital...
Tony Calderon, formerly a chief financial officer within Raytheon Intelligence & Space, has been appointed vice president of finance for the integrated mission systems unit at L3Harris Technologies (NYSE: LHX). He announced his new position in a LinkedIn post published Sunday and will oversee the financial performance of an organization that off...
Anduril Industries has acquired Adranos in a transaction that makes the Costa Mesa, California-based defense technology company a solid rocket motor supplier to principal contractors providing missiles, hypersonics and other propulsion technologies for some of the major programs of the Department of Defense. Established in 2015, Mississippi-based Ad...
The U.S. government estimates that a foreign military sale of 31 MQ-9B unmanned aerial vehicles and associated equipment to India would cost $3.07 billion. The Indian defense ministry on Sunday disclosed the estimated cost, saying the agency plans to compare the amount with the “best price” manufacturer General Atomics offered to other foreign b...
Lockheed Martin‘s (NYSE: LMT) venture capital arm has been expanding its investment scope in the past few years to help small businesses keep up with the volatility of the government contracting industry, Washington Business Journal reported Friday. Chris Moran, vice president and general manager of Lockheed Martin Ventures, told the Washingto...
A new Deltek analysis shows that agencies under the Department of Defense spent $239 million on other transaction agreements for cybersecurity-related activities between fiscal year 2020 and fiscal 2022. After a spending growth of nearly 21 percent from FY 2020 to FY 2021, DOD components’ spending on cybersecurity efforts using OTAs rose by 59...
