Archer Aviation (NYSE: ACHR) will build and deliver electric vertical takeoff and landing aircraft to the U.S. Air Force under new contracts worth $142 million combined, expanding a partnership that started through the AFWERX technology program in 2021. The contracts mark the execution phase for the delivery of up to six Archer-built Midnight eVTOL ...
L3Harris Technologies (NYSE: LHX) has officially added a business segment upon the completion of the Melbourne, Florida-based aerospace and defense contractor’s $4.7 billion cash purchase of propulsion system builder Aerojet Rocketdyne. Both parties first announced the $58-a-share deal in December 2022, with the acquirer aiming to grow its bus...
The board of directors of Iridium Communications (Nasdaq: IRDM) has approved a plan to buy back another $400 million in shares through Dec. 31, 2025. Iridium said Thursday the plan marks its third and largest stock buyback authorization and increases the satellite communications company’s total repurchase program to $1 billion, the company sai...
Northrop Grumman (NYSE: NOC) posted $9.6 billion in sales for the second quarter of 2023, up 9 percent from the prior-year period’s figure of $8.8 billion, and ended the quarter with a total backlog of $78.8 billion. The Falls Church, Virginia-based aerospace and defense contractor said Thursday its Q2 2023 net awards totaled $10.9 billion...
General Dynamics’ (NYSE: GD) information technology business won a pair of task orders valued at $320 million to support U.S. Bureau of Consular Affairs operations in South America. The recompete tasks encompass visa application and processing services in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Peru, Paraguay and Uruguay, the com...
RTX (NYSE: RTX) has received a potential 10-year, $175 million contract from the U.S. Air Force to provide overhaul and repair support for advanced high-frequency radar components and related end items on the B-2 Spirit bomber aircraft. Work on the sole-source, indefinite-delivery/indefinite-quantity contract will occur in El Segundo, California, th...
Digital transformation efforts are sweeping the U.S. Department of Defense as the military services race to attain the benefits a strong digital ecosystem can offer. Achieving this goal requires swift, coordinated efforts across all involved parties, and according to experts in the field, the department must place a heavy emphasis on its people...
Leidos (NYSE: LDOS) and L3Harris Technologies (NYSE: LHX) have agreed to jointly propose an intelligence, surveillance and reconnaissance aircraft platform to the U.S. Army’s Theater Level High-Altitude Expeditionary Next Airborne – Signals Intelligence program. Leidos said Tuesday the partnership intends to equip a pair of Bombardier Gl...
Systems Planning and Analysis underwent an executive leadership change in November 2022 when Bill Vantine retired and Rich Sawchak took the helm as the company’s new CEO. Sawchak refocused the organization’s strategy and structure and is leading SPA to accelerated growth through a combination of organic and acquisition-based expansion ...
Since its launch in 2022, the Army of 2030 initiative has guided the service branch toward its modernization goals. Now characterized by Army Secretary and 2023 Wash100 winner Christine Wormuth’s recently announced six operational imperatives – see and sense farther, mass dispersed forces with combat first, win the fires fight, protect...
