Special Aerospace Services, a portfolio company of private equity firm Godspeed Capital Management, has acquired Quintron Systems for an undisclosed sum to expand its communications technology capabilities for NASA, the Department of Defense and commercial space customers and broaden its footprint in the defense and space markets. Godspeed said Tues...
Airbus has acquired robotic aircraft manufacturer Aerovel and its Flexrotor vertical takeoff and landing unmanned aerial system in a transaction aimed at expanding the former’s tactical UAS product portfolio. The financial terms of the transaction were not disclosed and Airbus said Wednesday that Aerovel will continue to design and produce the...
Chad Ho, a veteran legal professional at publicly traded companies, will assume the position of executive vice president and chief legal officer at Lumen Technologies (NYSE: LUMN) in June. He will succeed Stacey Goff, a 26-year Lumen executive who has led legal and public policy functions, the technology company said Monday. After Ho’s appoint...
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...
