The Department of State has approved the Egyptian government’s request to purchase the National Advanced Surface-to-Air Missile System. RTX will serve as the principal contractor for the proposed foreign military sale, which is estimated to be valued at $4.67 billion, the Defense Security Cooperation Agency said Thursday. The weapon system pur...
General Dynamics saw its fiscal 2025 second-quarter revenue increase 8.9 percent to $13 billion and reported $3.74 in Q2 diluted earnings per share, up 14.7 percent from the prior-year period. In an earnings release published Wednesday, the Reston, Virginia-based defense and aerospace contractor said its Q2 operating earnings rose 12.9 percent to $1...
AECOM has received three contracts worth more than $400 million combined from the U.S. Army Corps of Engineers, or USACE, Honolulu District to provide modernization support for critical infrastructure across the Pacific region. USACE Architect-Engineer IDIQ Contracts The company said Monday the indefinite-delivery/indefinite-quantity contracts will ...
David Broadbent, a former Intelsat and Raytheon executive, was officially appointed president and CEO of SES Space & Defense on July 17. Catch David Broadbent at the Potomac Officers Club’s 2025 Air and Space Summit on July 31 as he and other government contracting leaders discuss the latest air and space initiatives. The R...
Global artificial intelligence and cybersecurity firm Palo Alto Networks has finalized the acquisition of Protect AI, a company specializing in securing AI applications and models. Enhancing AI Security Capabilities Palo Alto Networks said Tuesday it will integrate Protect AI’s technology and expertise into its Prisma AIRS AI se...
Lockheed Martin reported $18.2 billion fiscal 2025 second-quarter sales, a total backlog of $166.5 billion and Q2 net earnings of $342 million, or $1.46 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said its cash from operations was $201 million during the second quarter of 2025, d...
The U.S. Navy has awarded Northrop Grumman a $140.8 million modification to a contract the company secured in 2018 for the E-2D Advanced Hawkeye program. Join the 2025 Navy Summit, where top-tier Navy experts will explore innovative solutions, forge strategic partnerships and shape the future of naval operations. The latest modification a...
Booz Allen Hamilton, in partnership with L3Harris Technologies, will deliver a prototype of the Advanced Battle Management System Distributed Battle Management Node Phase II Tactical Operations Center-Light for the Department of the Air Force Program Executive Office for Command, Control, Communications and Battle Management. The work will be perfor...
Chris Brady, president of General Dynamics Mission Systems, has officially accepted the 2025 Wash100 Award. Brady recently met with Executive Mosaic CEO Jim Garrettson, who personally congratulated the GDMS leader for his sixth consecutive Wash100 win. “Chris returns to the Wash100 for the sixth time, a reflection of his enduring influence and exc...
Booz Allen Hamilton has increased to $300 million its capital commitment to its venture capital arm as part of efforts to drive U.S. innovation through investments in early-stage technology companies with tech capabilities that could transform U.S. government missions. The company said Monday it expects Booz Allen Ventures to make 20 to 25 new inves...
