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Raytheon Technologies (NYSE: RTX) has elevated Jeffrey Schrader from his post as vice president at its intelligence and space business to president of SEAKR Engineering and Blue Canyon Technologies. Schrader, who made the announcement via LinkedIn post, brings to his new leadership role at the Raytheon subsidiaries years-long experience in defense a...
Semiconductor company Broadcom (Nasdaq: AVGO) has agreed to acquire multicloud services provider VMware (NYSE: VMW) in a cash-and-stock transaction valued at approximately $61 billion as part of Broadcom’s strategy to establish a leading infrastructure technology company. The boards of directors of both companies unanimously approved the deal that...
The State Department has approved Egypt’s request to procure Boeing-built (NYSE: BA) Chinook helicopters and associated equipment from the U.S. government under a potential $2.6 billion transaction. The Defense Security Cooperation Agency said Thursday the proposed foreign military sale includes 23 CH-47F cargo aircraft units along with machin...
Tim Phelps, former vice president and corporate controller of DCS, has transitioned to new roles as chief financial officer and treasurer at the Arlington Virginia-based professional services contractor. He replaces Tom Fradette, who retired as CFO and treasurer after a 14-year career at DCS, the employee-owned company said Thursday. Phelps has mana...
GovCon Expert Steve Orrin, chief technology officer and senior principal engineer at Intel Federal, recently spoke with GovCon Wire regarding the challenges that government agencies and federal organizations are facing to implement zero-trust architectures and refocus their data security. In addition, GovCon Expert Steve Orrin also discussed the v...
Maxar Technologies (NYSE: MAXR) has secured a potential 10-year, $3.24 billion contract to provide commercial satellite imagery to the National Reconnaissance Office in support of U.S. defense and intelligence community missions. The Electro-Optical Commercial Layer contract is intended to help NRO continue to meet imagery acquisition requirements t...
One year after the White House released its executive order on improving the nation’s cybersecurity, federal agencies have gained critical insight into their cybersecurity postures and are using that information to refine their strategies. The Department of Energy, for example, is moving away from a compliance-driven cybersecurity approach and...
John Roth, an aerospace industry veteran, has joined AAR Corp. as vice president of business development for the company’s government services business, according to his LinkedIn post. He most recently served as director of strategy and business development for the Future Programs at Northrop Grumman (NYSE: NOC) and previously held a similar r...
The Defense Health Agency has issued $1.4 billion in contract modification to 33 small businesses to extend ordering period of the Medical Q-Coded Services program for another year. The action on the indefinite-delivery/indefinite-quantity contract raised the total cumulative face value of the MQS strategic sourcing program to $8.9 billion, the Depa...
The federal government gives away hundreds of billions of dollars in contracts each year. In fact, government spending on contracts amounted to $682 billion in 2020, which is the highest one recorded in the last five years. However, spending data is hard to find, and it isn’t easy to get an accurate picture of where...
