GlobalFoundries has announced plans to build a new manufacturing facility in Malta, New York, and invest $1 billion to support the annual production of additional 150,000 wafers at its existing Fab 8 facility to help address the current chip shortage. The company said Monday it expects the new fab to result in the creation of...
Jeff Shockey, most recently vice president of global sales and marketing for Boeing‘s (NYSE: BA) defense, space and security business, has been appointed senior vice president of global government relations at Raytheon Technologies (NYSE: RTX). Shockey will succeed Timothy McBride, who will formally depart his role later this year, and will co...
Huntington Ingalls Industries (NYSE: HII) has secured a nearly $273 million indefinite-delivery/indefinite-quantity contract to help the U.S. Navy maintain aircraft carriers and surface ships. Under the five-year contract, HII’s fleet support group will support repair and overhaul planning activity for ship equipment and systems, the Departmen...
Intel (Nasdaq: INTC) is in discussions to acquire GlobalFoundries for approximately $30 billion, The Wall Street Journal reported Thursday. GlobalFoundries is a semiconductor company based in Malta, New York, that was established after Advanced Micro Devices (Nasdaq: AMD) decided to spin off its chip manufacturing operations. The company is now owne...
Huntington Ingalls Industries (NYSE: HII) has agreed to buy Alion Science and Technology from Veritas Capital for approximately $1.65 billion in cash as part of a push to expand its technical capabilities and portfolio of national security platforms. HII said Tuesday it expects the transaction to conclude in the second half of 2021 and help...
Ned Miller, former chief technology strategist at McAfee (Nasdaq: MCFE), has joined Appgate to serve as senior vice president and general manager of the cybersecurity company’s federal arm. He will be responsible for working with sales and technical teams to deliver zero-trust security products to clients, and leading market strategies that gu...
Raytheon Technologies (NYSE: RTX) has received a $328.16 million contract to manufacture lot 21 of updated AIM-9X Sidewinder multimission missiles for U.S. and foreign military customers. The Department of Defense said Wednesday the three-year contract from Naval Air Systems Command covers the production of Block II all up round tactical and air tra...
Phebe Novakovic, chairman and CEO of General Dynamics (NYSE: GD) and a 2021 Wash100 Award winner, believes in the patriotism of her role as head of the Reston, Virginia-based aerospace and defense company that supports U.S. policy and the mission of the Department of Defense, The Wall Street Journal reported Friday. “It is our moral...
Executive Mosaic CEO Jim Garrettson recently made a visit ICF headquarters in Fairfax, VA to present the second consecutive Wash100 Award, the most prestigious award in government contracting (GovCon), to ICF CEO John Wasson for his leadership and significant contributions to the federal landscape and the GovCon community. Previously, Wasson secured...
The Alliance for Digital Innovation has released a white paper providing recommendations on how the U.S. government could update governmentwide acquisition contracts to accelerate federal agencies’ access to commercial innovation and help them carry out cybersecurity and information technology modernization efforts. The nine-page document outlined...
