Lockheed Martin (NYSE: LMT) has increased the size of its $200 million venture capital fund to $400 million as the company looks to expand startup investments aimed at helping accelerate defense innovation. Chris Moran, vice president and general manager of Lockheed Martin Ventures, said in a statement released Tuesday the fund vetted over 1,000 sta...
Scott Greene, executive vice president of the missiles and fire control business segment at Lockheed Martin (NYSE: LMT), plans to retire from the company by Dec. 31 after a more than 41-year career. Greene will continue to run the MFC business until a successor is found and then serve as a strategic adviser to help...
A partnership between L3Harris Technologies (NYSE: LHX) and Air Tractor has won a potential $3 billion indefinite-quantity/indefinite-delivery contract to build a fleet of up to 75 fixed-wing aircraft for U.S. Special Operations Command. L3Harris said Monday the industry team will provide its single-engine Sky Warden platform to SOCOM’s Armed ...
John Adamo, director of energy business development and capture at Redhorse over the past year, has been elevated to the position of vice president for energy and environment. The U.S. Marine Corps Reserve major is responsible for helping expand the company’s offerings and growth channels in the federal sector, Redhorse said Monday. John Zanga...
Mike Twyman, former president of Cubic‘s mission solutions business and previous Wash100 Award recipient, has joined financial advisory firm FON as entrepreneur-in-residence. FON said Monday Twyman will drive the creation and implementation of business strategies to advance organic and inorganic growth for its segment focused on command, contr...
Garrett Yee, a retired U.S. Army major general, has been appointed to serve as vice president and general manager for the Army sector at General Dynamics‘ (NYSE: GD) information technology unit. He will oversee the development and deployment of specialized technology and service offerings for the branch in areas such as cybersecurity, artifici...
TYSONS CORNER, VA, Aug. 2, 2022 — Booz Allen Hamilton (NYSE: BAH) seeks to advance commercial technology development and deployment to support government missions with the help from its recently launched $100 million venture capital arm, ExecutiveBiz reported. “Booz Allen Ventures taps into America’s collective ingenuity by investing in softwa...
Stu Shea, chairman, president and CEO of Peraton, was recently presented his 2022 Wash100 Award by Executive Mosaic CEO Jim Garrettson during a recent visit to the company’s office in Reston, VA. Executive Mosaic is thrilled to recognize Stu Shea as a six-time recipient of the most prestigious and esteemed award in the government c...
Karen Dahut, president of the global defense sector at Booz Allen Hamilton (NYSE: BAH) a two-time Wash100 winner, will retire from the company on Oct. 31 after a two-decade career, Booz Allen President and CEO Horacio Rozanski announced Friday in the company’s fiscal 2023 first quarter earnings call. Rozanski, a two-time Wash100 Award winner, ...
Seven large companies and two small businesses won spots on a potential five-year, $1.31 billion contract to help the U.S. Navy operate and maintain training systems. The firm-fixed-price, indefinite-delivery/indefinite-quantity vehicle covers simulator contractor O&M and instructional services, training systems management, product support and o...
