Perspecta has begun to trade under the ticker symbol “PRSP” on the New York Stock Exchange after it finalized its separation from DXC Technology (NYSE: DXC) and subsequent merger with Vencore and KeyPoint Government Solutions. The independent publicly traded combined company has 14,000 employees and $4.2 billion in pro-for...
Raytheon (NYSE: RTN) has secured a potential $847.6 million contract to produce an “over-the-horizon” weapon system for the U.S. Navy‘s littoral combat and frigate ships. OTH-WS will consist of a fire control suite and launching mechanisms with encanistered missiles, the Defense Department said Thursday. The firm-fixed-price contra...
A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in 2016. The professional s...
TYSONS CORNER, VA, May 30, 2018 ” David Egts, chief technologist for Red Hat™s (NYSE: RHT) North American public sector business, has said containers work well when combined with agile development and DevOps processes and could help information technology departments enhance efficiency, ExecutiveBiz reported May 23. Egts said agencies, by ...
TYSONS CORNER, VA, May 30, 2018 ” Engility (NYSE: EGL) has earned a potential $41 million task order to carry out on-site, logistics and training services supporting the U.S. Marine Corps™ command-and-control programs, ExecutiveBiz reported Tuesday. The company said Thursday it will provide an immersive training environment ...
TYSONS CORNER, VA, May 29, 2018 ” Kratos Defense and Security Solutions (Nasdaq: KTOS) has received a number of contracts worth approximately $55 million combined to support U.S. and allied space missions and commercial satellite communications for national security, ExecutiveBiz reported Thursday. The company said Wednesday it will deliver pro...
TYSONS CORNER, VA, May 25, 2018 ” Boeing (NYSE: BA) has named eight potential clients for the latest configuration of its F/A-18 Super Hornet fighter aircraft, ExecutiveBiz reported Thursday. Dan Gillian, vice president of F/A-18 programs at Boeing, said potential orders from Bulgaria, Canada, Finland, Germany, India, Japan, Poland and Switzerl...
TYSONS CORNER, VA, May 24, 2018 ” Cubic™s (NYSE: CUB) global defense unit has partnered with 4C Strategies to develop and offer modern training and readiness products and services to their shared customers, ExecutiveBiz reported May 16. Under the new partnership, the companies will integrate quantitative data from Cubic™s CATS Metrix ...
Oshkosh‘s (NYSE: OSK) defense business has received two U.S. Army contract modifications with a combined $235.2 million value for the delivery of tactical vehicle upgrades. The company will provide recapitalized Heavy Expanded Mobility Tactical Trucks, palletized load system trucks, PLS trailers and updates for container transfer on ...
Bethesda, Md.-based firm Lockheed Martin (NYSE: LMT) has promoted Michele Evans, an executive at its rotary and mission systems unit, to serve as the company™s deputy executive vice president for the aeronautics division starting June 4. The aerospace and defense company said Monday Evans will oversee several initiatives such as the F-35, ...
