Axon (Nasdaq: AXON) has agreed to acquire airspace security systems provider Dedrone for an undisclosed sum as part of efforts to accelerate the use of drones as first responders and help national security and public safety entities protect against threats posed by unmanned aircraft systems. The acquisition is expected to be completed in the second...
The U.S. Navy has awarded seven companies spots on a potential 10-year, $2.67 billion recompete contract to provide wireless mobility devices and related services for military personnel and federal civilian employees stationed within the country and U.S. territories. The Department of Defense said Friday the firm-fixed-price, indefinite-delivery/ind...
Executive Mosaic’s GovCon Index started May with a modest gain and stayed positive in the subsequent two sessions. On Friday, the index, which tracks the stock performances of 30 major government contractors, advanced 0.58% to $4,923.43 for a 0.89% week-on-week gain. Major US stock indexes ended strong on weaker jobs data, leading to weekly gain...
Northrop Grumman (NYSE: NOC) has received a potential five-year, $7 billion contract from the U.S. Air Force to provide modernization and sustainment support services for the B-2 Spirit stealth bomber. The Department of Defense said Thursday the sole-source, indefinite-delivery/indefinite-quantity contract includes software maintenance, engineering,...
Christopher Calio officially assumed the CEO post at RTX (NYSE: RTX) on May 2, adding it to his president post and succeeding Gregory Hayes, who will continue to serve as the defense contractor’s executive chairman. In a statement published Thursday, Calio said that he underscored during the 2024 Annual Shareowners Meeting the opportunity for ...
Lockheed Martin (NYSE: LMT) has dropped its plans to buy small satellite manufacturer Terran Orbital (NYSE: LLAP) for more than $500 million, SpaceNews reported Thursday. The Bethesda, Maryland-based aerospace and defense contractor confirmed to SpaceNews that it will no longer pursue its offer to acquire Terran Orbital. “We are committed to suppo...
Eric Wolf, formerly a vice president at American Systems, has been named VP of innovation at the Chantilly, Virginia-based information technology and engineering services provider. In this newly created role, Wolf will establish a vision and strategy for developing new processes, products and services and foster a culture of innovation throughout th...
Fourteen small businesses have secured spots on a 10-year indefinite-delivery/indefinite-quantity contract from the Department of Energy’s Office of Environmental Management to provide facility deactivation, decommissioning and removal services. The contractors will help decommission government facilities managed by EM, the National Nuclear Se...
HII (NYSE: HII) has posted $2.8 billion in revenues during the first quarter of 2024, a 4.9 percent increase from the prior-year period, and reported an operating income of $154 million, up 9.2 percent compared to the previous year. The company attributed its revenue increase to growth in its mission technologies and Ingalls Shipbuilding segments,...
Lynn Martin, former vice president of go-to-market at Google Public Sector, has joined Workday to serve as group vice president leading the government sector of the Pleasanton, California-headquartered provider of enterprise cloud applications for finance and human resources. “As revealed during the earnings call in late February, our focus li...
