L3Harris Technologies (NYSE: LHX) reported $4.69 billion in second-quarter revenue, up 13 percent from the prior-year period, and lifted sales outlook for 2023 with growth across the company’s three core business segments. The Melbourne, Florida-based aerospace and defense contractor now expects full-year revenue of between $18.0 billion and $...
Halimah Najieb-Locke, a deputy assistant secretary at the Department of Defense, and other antitrust officials have expressed concerns over the impact of mergers and acquisitions among defense contractors on the industrial base’s ability to boost arms manufacturing and replenish supply amid demands in support of Ukraine, The Wall Street Journa...
L3Harris Technologies (NYSE: LHX) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.7 billion in cash, or $58 per share, in a transaction that will allow the aerospace and defense contractor to further advance innovation and continue to deliver missile defense systems, hypersonics and other capabilities to the Department of ...
General Electric (NYSE: GE), L3Harris Technologies (NYSE: LHX), Textron (NYSE: TXT) and Veritas Capital are among the companies that have expressed interest in acquiring Aerojet Rocketdyne (NYSE: AJRD), which has an estimated market valuation of $4 billion, Reuters reported Wednesday. Citing unnamed sources, Reuters noted the El Segundo, California-...
Haywood “Woody” Talcove, CEO of the government business at LexisNexis Risk Solutions, was recently presented his 2022 Wash100 Award during a visit to the company’s office in Virginia by Executive Mosaic CEO Jim Garrettson. Executive Mosaic is honored to recognize Haywood Talcove as a three-time Wash100 Award recipient for his persistent ...
The U.S. government is at the forefront of the digital era, and its use of technology is no exception. With various federal agencies utilizing cutting-edge technology, from artificial intelligence to blockchain, there’s always something new to learn in the tech world. According to the government accountability office (GAO), the technology moderniz...
Leidos (NYSE: LDOS) will maintain surface ship undersea warfare systems for the U.S. Navy and the governments of Australia and Japan under a contract worth potentially $291.9 million. The company will install AN/SQQ-89 combat system shipset hardware and perform logistics support work under the contract with an initial value of $24 million, the Depar...
Federal Advisory Partners, a Sagewind Capital portfolio company, has bought Universal Consulting Services for an undisclosed sum to further expand its client base and digital service capabilities in support of customers in the federal market. “As demand for modernization and digital transformation accelerates across the federal sector, the need fo...
Federal Advisory Partners, a Sagewind Capital portfolio company, has purchased Favor TechConsulting for an undisclosed sum to further advance the delivery of information technology and integrated management consulting support to federal sector clients. Tim Borchert, CEO of Federal Advisory Partners, said in a statement published Tuesday the two comp...
Lockheed Martin (NYSE: LMT) reported $17.7 billion in net sales during the fourth quarter of its 2021 fiscal year, up 4 percent from the prior-year period, and posted $2 billion, or $7.47 per share, in Q4 net earnings from continuing operations. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday Q4 cash from operations reache...
