Iridium Communications (Nasdaq: IRDM) reported financial results for the second quarter of 2024, highlighting revenue and subscriber growth plus profit during the period. In the three months ending June 30, 2024, total revenue increased 3.9 percent year-over-year to $201 million, while net income reached $32.3 million compared to the $30.7 million n...
RTX (NYSE: RTX) has secured a potential $1.94 billion contract from the Missile Defense Agency to manufacture and assemble next-generation ballistic missile interceptors for the U.S. government and Japan’s defense ministry. The Department of Defense said Thursday the sole-source award covers the production of Standard Missile-3 Block IIA all...
BAE Systems has won a potential five-year, $347 million contract from the National Geospatial-Intelligence Agency to support a program that seeks to update and sustain NGA’s National System for Geospatial-Intelligence software and develop new features and other enhancements. NGA announced the award of the NSG Enterprise Repository and Virtual ...
Sonya Branco is set to step down as executive vice president for finance and chief financial officer at CAE (NYSE: CAE), positions she has held since 2016. Constantino Malatesta, chief accounting officer and vice president of the Controller Office since 2022, will take over Branco’s role in the interim while a permanent successor is sought,...
Generative artificial intelligence refers to a type of AI tool that can produce content in response to user prompts. These rapidly evolving technologies are transforming operations across both the public and private sectors, and while organizations are moving quickly to adopt genAI, there are still concerns that must be considered as these tools are...
Northrop Grumman (NYSE: NOC) saw its second-quarter fiscal 2024 sales climb 7 percent to $10.2 billion, up from $9.6 billion during the prior-year period, and attributed the growth to strong demand for the company’s products and services. The Falls Church, Virginia-based aerospace and defense contractor said Thursday Q2 net awards totaled $15....
General Dynamics‘ (NYSE: GD) Electric Boat subsidiary will continue providing the U.S. Navy with long-lead-time materials in support of the Virginia Class Block VI submarines. The Department of Defense said Thursday Naval Sea Systems Command awarded a $181 million contract modification to General Dynamics Electric Boat for the requirements. Wo...
Trevor McKnight, a Booz Allen Hamilton (NYSE: BAH) veteran, has joined the civilian and health operating group of ASRC Federal as vice president of citizen services. In a LinkedIn post Thursday, ASRC Federal said McKnight has 24 years of experience in supporting the Federal Aviation Administration, the Department of Transportation and other key cust...
NASA has awarded a potential $96.3 million indefinite-delivery/indefinite-quantity contract to an Akima subsidiary for logistics support services. Akima Global Logistics will provide logistics support for the space agency’s Marshall Space Flight Center in Huntsville, Alabama, as part of the MSFC Logistics Support Services II performance-based cont...
Astrion, a portfolio company of Brightstar Capital Partners, has agreed to acquire Axient for an undisclosed sum to expand its capabilities and presence in the defense and federal civilian market. Astrion said Wednesday it expects the acquisition to conclude in the third quarter of 2024, subject to government and regulatory clearances and other cust...
