The State Department has cleared a potential $60.2 million foreign military sale transaction with Taiwan for the Switchblade 300 anti-personnel and anti-armor loitering missile system and related equipment. The Defense Security Cooperation Agency said Tuesday it informed Congress about the department approving the FMS request of the Taipei Economic ...
Damian DiPippa, formerly CEO of Aretum, has taken on the chief executive role at Auria, a space domain awareness provider backed by Enlightenment Capital. DiPippa brings over three decades of industry experience in missile defense, satellite operations, systems engineering and mission and intelligence, Auria said Tuesday. “Damian is uniq...
Lockheed Martin (NYSE: LMT) has received a potential $2.27 billion contract from NASA to build a constellation of Geostationary Extended Observations weather satellites for the National Oceanic and Atmospheric Administration. NASA said Tuesday the cost-plus-award-fee contract includes the development of three GeoXO weather satellites with options fo...
SpiderOak, a Reston, Virginia-based zero trust cybersecurity platforms provider, has appointed Kip Gering, a veteran cybersecurity executive, as chief revenue officer. The company said Tuesday Gering will directly report to SpiderOak CEO Dave Pearah and lead business development, sales and marketing departments and execute the corporate plan to driv...
FDH Aero has established a new division focused on serving the defense industry’s aftermarket needs and simplifying the procurement process for aerospace and defense companies. The launch of the FDH Defense Aftermarket division will enable the parent company to enhance its military-focused products for governments, original equipment manufactu...
The State Department has approved the request of the Taipei Economic and Cultural Representative Office in the U.S. to procure Altius 600M-V unmanned aerial vehicles and related equipment for approximately $300 million. The possible foreign military sale to Taiwan includes 291 Altius 600M-V systems, Altius 600 inert training UAVs, Pneumatic Integrat...
Astronics (Nasdaq: ATRO) will manufacture and deliver radio test set TS-4549/T to the U.S. Army under a five-year, $215.5 million firm-fixed-price contract. The technology company said Monday it will also perform program management and engineering to support the operational readiness of radio communication devices of the Army. Under the contract, As...
Blue Origin, CACI International (NYSE: CACI), General Atomics and Viasat (Nasdaq: VSAT) have received contracts from Space Systems Command to design and build space laser communication terminal prototypes. The contractors will prototype size, weight, power and cost-optimized optical communications terminals designed for space under the first phase o...
Executive Mosaic’s GovCon Index dropped 0.42% to $4,886.91 on June 14, ending lower before the weekend and losing 1.34% overall week-on-week. The index, which tracks the stock performances of 30 major government contractors, has never posted a winning week since May 31. Meanwhile, the Nasdaq Composite (+3.2%) and S&P 500 (+1.6%) had significan...
Adarga, a London-based artificial intelligence software company, has acquired U.S. strategic risk intelligence firm J2X Solutions in a transaction that expands its portfolio of information intelligence capabilities and drives growth in the U.S. market. J2X is a veteran-owned consulting firm that employs a team of former military officers, intelligen...
