The Defense Logistics Agency has awarded Noble Supply and Logistics a $562.5 million contract modification to continue to provide maintenance, repair and operation support at various U.S. military facilities overseas. The modification exercises the first option year of a previously awarded four-year indefinite-delivery/indefinite-quantity contract f...
As the world around forges ahead with modernization initiatives, some aspects of the federal government remain in the past, relying on outdated systems and technologies. One major area of innovation in the public sector aims to move away from physical documents and paper forms and toward a more digital solution. Brendan Curley, vice president of...
HII (NYSE: HII) logged first-quarter revenue of $2.7 billion, up 3.8 percent from prior-year period figures, and the company attributed the growth to strong performance by its Newport News Shipbuilding and Mission Technologies divisions. The company said Thursday net earnings for the quarter totaled $129 million, or $3.23 per share, compared to $140...
Rapid technological advancements have made space more accessible than ever before, opening a new arena for competition between the U.S. and its adversaries. As space continues to grow in influence, the Department of Defense has made it a priority to ensure the security of the evolving domain. Though adversaries are actively working to dominate ...
Since the 1980s, the United States has been pivoting along an ever-evolving tract of developing technologies to protect against and respond to adversarial missile attacks. The Missile Defense Agency (once the Strategic Defense Initiative Organization and the Ballistic Missile Defense Organization) aims to be agile in its stance toward threats from r...
After a competitive four months and tens of thousands of votes, Executive Mosaic is excited to announce that the winner of the 2023 Wash100 popular vote competition is the resolute Department of Defense cornerstone, Defense Secretary Lloyd Austin. This year, a staggering nearly 40,000 votes were cast in support of the esteemed recipients of the 2...
Thomas Bell, former CEO of Rolls-Royce’s North American subsidiary and president of its global defense business, has officially assumed responsibilities as Leidos‘ (NYSE: LDOS) new chief executive. In late February, Bell was named successor to Roger Krone, a 10-time Wash100 Award winner who took on the CEO role in July 2014 and added the cha...
General Dynamics (NYSE: GD) reported $9.9 billion in revenue during the first quarter of 2023, up 5.2 percent from the prior-year period, and ended the quarter with a total backlog of $89.8 billion, of which $77.1 billion was funded. The Reston, Virginia-based defense contractor said Wednesday the companywide backlog represented a 3 percent increase...
Raytheon Technologies (NYSE: RTX) reported $17.2 billion in sales during the first quarter of 2023, up 10 percent from the prior-year period, and saw earnings for the period rise 6 percent to $1.22 per share. The Arlington, Virginia-based aerospace and defense contractor said Wednesday it ended the quarter with a record backlog of $180 billion...
Evan Lovell, chief investment officer of the Virgin Group, has been appointed chair of the board of directors at commercial spaceflight and vehicle development company Virgin Galactic (NYSE: SPCE). Lovell has served as the company’s interim chair since February 2022 and has two decades of global private equity and mergers and acquisitions expe...
