Space is at its largest inflection point in decades, and as commercial space activity continues to rise, United States government leaders are taking a page from industry’s book on how to drive more rapid innovation, especially in the face of increasing global competition. While technology and acquisition processes are typically at the center of th...
Lockheed Martin (NYSE: LMT) has booked a $615 million follow-on contract from the U.S. Army to produce more High Mobility Artillery Rocket Systems. The award supports full-rate production of HIMARS launch platforms and support equipment to meet domestic and international orders, the company said Friday. HIMARS is part of Lockheed’s multiple la...
DCS has won a potential eight-year, $2.09 billion contract to support a U.S. Army research and development laboratory that works on advanced technology for military ground systems. Army Contracting Command received three bids for the cost-plus-fixed-fee contract covering technical and engineering services to the Combat Capabilities Development Comma...
John Tierney, an L3Harris Technologies (NYSE: LHX) veteran, has assumed the role of VP and general manager of the surface and C5 systems segment newly established under the company’s integrated mission systems business. He will be in charge of leading a global team that provides autonomous surface vessels, integrated command, control, compute...
GovCon industry veteran Damian DiPippa has been appointed CEO of Aretum, the newly created government services platform company within Renovus Capital Partners. Atif Gilani, founding partner at Renovus Capital, said in a statement published Thursday DiPippa’s experience and knowledge of the government services sector will enable him to impleme...
Lentech, a small disadvantaged business that offers information technology and space systems engineering support to government customers, has purchased the assets of fellow IT company Eclipse Engineering. Eclipse will become a division of Lentech and the combined organization will have software, cloud, cyber service offerings for federal civilian, d...
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...
The State Department has cleared Norway’s request to procure MH-60R multimission helicopters and C-130J transport aircraft sustainment services under a pair of foreign military sale deals worth approximately $1.16 billion combined. Norway asked to buy six anti-submarine and anti-surface warfare helicopters equipped with tactical data link radi...
Ensco has acquired rail infrastructure inspection system provider KLD Labs through an equity purchase transaction. The two companies will combine their technology platforms and engineering services to help customers inspect train tracks and vehicles, Ensco said Tuesday. Hauppauge, New York-based KLD offers digital tools to support automated manageme...
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...
