Vice Adm. Jon Hill, director of the Missile Defense Agency, will deliver a closing keynote speech on March 23 at the 2021 Industrial Space Defense Summit, a Potomac Officers Club-hosted virtual event covering U.S. military innovation and partnership efforts in the space security arena. In his current capacity, Hill oversees MDA’s efforts to de...
The State Department has approved the Dutch government’s request to procure pilot training and logistics support for Boeing-built (NYSE: BA) AH-64 Apache and CH-47 Chinook helicopters under two foreign military sales agreements worth approximately $315 million combined. The FMS deal for AH-64 helicopter pilot training support is wor...
The State Department has named General Dynamics‘ (NYSE: GD) land systems business as the prime contractor on a potential $210 million foreign military sale of Stryker armored fighting vehicles to North Macedonia through a government-to-government transaction. The FMS request covers 54 Strykers including the platform’s M1126 infantry carr...
Ricardo Defense has secured an $89.8 million contract to supply kits for retrofitting anti-lock braking and electronic stability control systems of the U.S. Army’s High Mobility Multipurpose Wheeled Vehicles. Army Contracting Command received one bid for the firm-fixed-price contract via the internet, the Department of Defense said Tuesda...
The State Department has approved Germany’s request to procure five Boeing-built (NYSE: BA) P-8A Poseidon maritime surveillance planes from the U.S. government through a potential $1.77 billion foreign military sale transaction. The German government asked to buy P-8As to replace its current fleet of Lockheed Martin-made (NYSE: LMT) P-3C Orion...
A new McAleese & Associates report noted the fourth quarter 2020 financial performance of large prime defense contractors Boeing (NYSE: BA), General Dynamics (NYSE: GD), Huntington Ingalls Industries (NYSE: HII), Lockheed Martin (NYSE: LMT). Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX). Jim McAleese, founder of McAleese &am...
Gregory Nixon, chairman of Navistar Defense, has returned to private equity firm Cerberus Capital Management as head of strategic investments, senior legal counsel and senior managing director. He will lead Cerberus’ efforts to identify new investment opportunities across the defense, technology and security markets, the New York City-based co...
Since its inception in 2019, the Space Development Agency (SDA) has continually worked to develop and modernize architecture concepts, systems designs, innovative technologies and emerging capabilities to enable leaders across the space domain to leverage next-generation space capabilities that increase warfighters’ lethality, maneuverability and ...
Advanced Technology International and the U.S. Partnership for Assured Electronics have established a consortium as both nonprofit organizations aim to drive domestic production of electronic systems for defense use. ATI said Thursday the Defense Electronics Consortium will support a research and development effort focused on lead-free electronics m...
The State Department has cleared Finland’s request to procure 35 extended-range systems of Lockheed Martin‘s (NYSE: LMT) Guided Multiple Launch Rocket through a potential $91.2 million foreign military sales deal. Lockheed’s missile and fire control segment will be the principal contractor under the FMS agreement for 25 M30A2 ER GM...
