RTX (NYSE: RTX) and Lockheed Martin (NYSE: LMT) won other transaction authority agreements with a combined value of more than $730 million to perform necessary upgrades and replacement of FIM-92 Stinger missiles for the U.S. Army. RTX is expected to complete the OTA by March 2028, while Lockheed has until June 2028 to fulfill the...
Northrop Grumman (NYSE: NOC) has booked a five-year, $458.2 million order to modernize the navigation, controls, tactical mission computer and display systems of the U.S. Navy’s E-2D Advanced Hawkeye aircraft. Under the sole-source award that the Naval Air Systems Command issued against a basic ordering agreement, Northrop will be responsible...
General Dynamics‘ (NYSE: GD) mission systems business has secured a potential $226.5 million indefinite-delivery/indefinite-quantity contract to produce components of the global aircrew strategic network terminal system for the U.S. Air Force. GDMS will manufacture high-altitude electromagnetic pulse and radiation-hardened general area alertin...
Srini Dixit, chief financial officer of the global spectrum dominance unit at Raytheon for the past year, has taken on CFO responsibilities within the air power unit of RTX’s (NYSE: RTX) defense-focused business. Dixit announced his new position at Raytheon in a LinkedIn post and concurrently holds the vice president of finance title. He joine...
Executive Mosaic, the Capital region’s premier government contracting membership organization, has named Lockheed Martin Vice President Jim Keffer as the chair of its 4×24 leadership series’ Multi-Domain Group. 4×24 is a favored tradition among GovCon’s most esteemed professionals, a combined social gathering, meeting of th...
Serco‘s U.S. arm has secured a potential six-year, $125 million recompete contract to help the Naval Systems Engineering and Logistics Directorate design and engineer naval ships and associated systems. Serco Inc. said Thursday it will support combatant ship integration efforts for the U.S. Navy’s surface ships, boats, autonomous vehicle...
Mark DeMerse is a thought leader at Carahsoft on 5G and private wireless networks in the public sector. During his nearly 12 years with the company, the sales director has collaborated with Carahsoft’s ecosystem of cellular solution providers to help government organizations take advantage of the latest telecom technology. DeMerse recently partici...
Tim Ray, a retired U.S. Air Force general, officially began his work as president and CEO of the Business Executives for National Security on Sept. 1. The 36-year USAF veteran succeeds Joe Votel, a retired Army general who led the nonprofit organization for the past three years and seven months. “BENS is fortunate to have...
BAE Systems was awarded a $797 million initial order to proceed with full-rate production of the Armored Multi-Purpose Vehicle for the U.S. Army. The service branch said Thursday the contract value could reach $1.6 billion if it exercises options to order additional units of the AMPV, which is designed to replace the M113 family of...
IFS has agreed to acquire Falkonry, a California-headquartered developer of artificial intelligence-powered software, in a push to expand its enterprise software offerings for defense and manufacturing industries. The transaction will combine Falkonry’s automated, self-learning anomaly detection tool with IFS’ AI-based planning, scheduli...
