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...
The U.S. Navy has continually worked to decentralize, differentialize and digitize the service branch’s work as well as develop its talent in the field. As the Navy continues to evolve to meet the growing demands, challenges still remain. During GovConWire’s Navy: IT Transformation Forum, notable industry and federal leaders will discuss the lat...
Serco Group’s North American division has agreed to acquire Reston, Virginia-based management consultancy Whitney, Bradley & Brown for approximately $295 million in a move to grow acquisition and program management service offerings for the Department of Defense. Serco Inc. said Tuesday it expects to complete the acquisition in the second ...
Executive Mosaic is pleased to recognize Mac Curtis, chairman and CEO of Perspecta, as a seven-time Wash100 Award recipient after receiving his 2021 Wash100 Award for his leadership and vision in the advancement of cybersecurity, intelligence and defense technologies through significant contract award wins and other moves. Executive Mosaic congratu...
Kathleen Hicks, a former Department of Defense official and an inductee into Executive Mosaic's Wash100 for 2021, was confirmed to DOD's No. 2 civilian post through a Senate voice vote, The Hill reported Monday....
