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Firefly Aerospace closed the third tranche of its Series C Funding round, bumping the valuation of the end-to-end space transportation company to $1.5 billion. It has raised around $300 million since February this year. During the round, Mitsui & Co. and other new investors joined existing investors led by AE Industrial Partners, Firefly Ae...
Michael Drews, a more than two-decade Lockheed Martin (NYSE: LMT) veteran, has been appointed vice president of NC3 advanced capabilities and mission strategy at the Bethesda, Maryland-based aerospace and defense contractor’s space business. He announced his new role in a LinkedIn post on Wednesday. In this capacity, Drews will serve as a cross bu...
KBR (NYSE: KBR) delivered a strong and well-rounded performance in Q3 2023, and its president and CEO, Stuart Bradie, described the nine percent all organic at the revenue line as a terrific performance. In the three months that ended Sept. 29, 2023, revenue increased to $1.77 billion from $1.62 billion in Q3 2022. The provider...
The Department of Health and Human Services has announced more than $500 million in awards to support companies as they move their vaccine candidates to Phase 2b clinical trials and further develop new technologies as part of Project NextGen. Project NextGen is a $5 billion government initiative that seeks to speed up the development of...
Diana Lovati, formerly chief information security officer at Ball’s (NYSE: BALL) aerospace business, has assumed the same role at True Anomaly, according to a LinkedIn post published Tuesday. She joined the space security and sustainability company after a two-year stint at Ball Aerospace, where she was responsible for overseeing cybersecurity ope...
Doug Magee is a U.S. Army veteran and seasoned business development executive currently leading Day & Zimmermann’s Government Services practice as president. He cut his teeth at companies like KBR, DynCorp International, Michael Baker International and, most recently prior to D&Z, as an operating company president at Akima. Magee commands ...
Ed Newman, former federal sector leader at Hill International, has joined Michael Baker International as vice president of cost management. The three-decade industry veteran will oversee a companywide cost management team that manages the planning, design and development of construction and environmental projects for local and international governme...
One agency can’t do it alone. That was the overarching thrust of Defense Intelligence Agency Deputy Director Suzanne White’s remarks at the Potomac Officers Club’s 2023 Intel Summit on Thursday. White acknowledged the existing collaborations with In-Q-Tel, the Defense Innovation Unit, NASA, small businesses, a research laboratory at the Univ...
Slingshot Aerospace has assigned the role of vice president of strategy and policy to Audrey Schaffer, former space policy director of the White House National Security Council. She will lead the implementation of guidelines to ensure safe space operations, as well as strategic planning for continued profitability of Slingshot’s products and s...
Alka Bhave, a more than two-decade public sector professional, has joined Baltimore, Maryland-based digital services company Fearless as president of the newly established digital division. She will oversee the Fearless Digital team as the new division focuses on helping government and private sector clients address technology and organizational cha...
