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The U.S. Navy has awarded indefinite-delivery/indefinite-quantity contracts with a combined ceiling of $1.21 billion to AAR Government Services (NYSE: AIR) and StandardAero for the maintenance and repair of the P-8A Poseidon aircraft. Under each firm-fixed-price, time-and-materials IDIQ, the contractors will perform depot-level engine maintenance, r...
Fairbanks Morse Defense, an Arcline Investment Management portfolio company, has agreed to acquire Rolls-Royce’s naval propulsors and handling business to expand its capabilities and offerings for customers in the U.S. marine defense sector. FMD said Thursday it will integrate into its portfolio a range of propellers and waterjets for naval applic...
General Dynamics Information Technology, a subsidiary of global aerospace and defense company General Dynamics (NYSE: GD), has booked a $299 million contract from the Defense Information Systems Agency to extend its role in overseeing the Department of Defense’s network infrastructure. GDIT will continue managing the network infrastructur...
David Anderson has been appointed vice president of product and program execution at Frontier Technology Inc., a company that provides advanced technology services across all domains. FTI said Wednesday Anderson will oversee the newly established data, cyber and integrated services group and ensure the company continues its drive to innova...
The board of directors of Iridium Communications (Nasdaq: IRDM) has approved a plan to buy back another $500 million in shares through the end of December 2027 as part of a push to maximize return on investment. The satellite communications company said Thursday the plan marks its fourth and largest stock buyback authorization and increases...
The U.S. Coast Guard has awarded Metris Global a potential five-year, $100 million contract to provide training, education and development program support to help meet the needs of its workforce and carry out its mission within the Department of Homeland Security. The company said Thursday the Training and Analysis Support Services contract will run...
Data, cloud and artificial intelligence company Snowflake has acquired Night Shift Development, a data analytics firm that serves the U.S. public sector. Snowflake’s Chris Degnan, chief revenue officer, and Matthew Rose, industry principal of the global public sector, said in a blog post Thursday that the acquisition will expand its presence in th...
Bechtel Parsons Blue Grass, a joint venture between Bechtel National and Parsons Government Services, will now move to the closure phase of the Blue Grass Chemical-Agent Destruction Pilot Plant. The Department of Defense said Wednesday the multi-year effort is under a $481.9 million contract modification recently awarded by the U.S. Army. The joint ...
The newly combined entity of Eutelsat America Corp. and OneWeb Technologies named senior leaders to its leadership team to help advance growth initiatives as it works to expand its geostationary and low Earth orbit satellite communications systems for government and commercial clients. “With this team, we are well-positioned to deliver innovat...
Lockheed Martin (NYSE: LMT) has secured a $297.1 million contract from NASA to oversee the development of a lightning mapping instrument called the GeoXO Lightning Mapper. NASA said Tuesday the cost-plus-award-fee contract, awarded on behalf of the National Oceanic and Atmospheric Administration, covers the production of two flight instruments ...
