The U.S. Navy awarded Nuclear Fuel Services, a subsidiary of BWX Technologies (NYSE: BWXT), a two-year $300 million contract to support the Naval Nuclear Propulsion Program. BWXT said Tuesday the company has begun producing fuel for the program, which is expected to be completed by mid-2025. The project involves manufacturing and delivering naval nu...
Robert W. Baird & Co. will host the sixth edition of its annual Government and Defense Conference on Wednesday, Nov. 15 at the Ritz-Carlton, Tysons Corner. The event gives voice to leadership from many high-profile private sector entities in the government services industry as well as top federal officials. Speakers offer pedigreed perspectives...
The shares of RTX (NYSE: RTX) popped 7.18 percent to $78.38 after the aerospace and defense company reported a year-over-year Adjusted sales growth of 12 percent to $19 billion in the three months that ended Sept. 30, 2023. Besides announcing a $10 billion stock buyback program, RTX also entered into a definitive agreement to sell its...
The U.S. Air Force plans to increase the ceiling value of a potential $6.4 billion multiple-award, indefinite-delivery/indefinite-quantity contract used to acquire natural disaster recovery, contingency and humanitarian support services to $15 billion. Increasing the ceiling amount of the Air Force Contract Augmentation Program V IDIQ contract will ...
CAE (NYSE: CAE) has agreed to sell its health care business unit to Chicago-based Madison Industries for approximately $226.3 million as the Canadian aerospace and defense company seeks to focus on its core training and simulation markets. Both companies expect to close the transaction before the end of fiscal year 2024, subject to closing condition...
Tessa Baerlocher, most recently deputy general manager of the space superiority business group at LinQuest, has assumed the role of vice president and business lead of the space systems technology developer’s TMC Design subsidiary. In this capacity, she will oversee growth initiatives within TMC and advance modernization in the areas of digita...
Andre Trotter, a 15-year Lockheed Martin (NYSE: LMT) veteran, has been named segment vice president for deep space exploration, weather/earth sciences and commercial solutions at the Bethesda, Maryland-headquartered defense contractor. He announced his new post Saturday on LinkedIn and assumed the role after serving as VP overseeing Lockheed’s...
Hypersonic weapons are capable of traveling at five to 25 times the speed of sound. Generally the term refers to a specific class of missiles, which includes hypersonic glide vehicles, hypersonic cruise missiles and ballistic missiles. Under Secretary of Defense for Research and Engineering Heidi Shyu recently articulated the Department of Defenseâ...
Inomedic Health Applications has won a potential seven-year, $208.1 million contract from the Department of Energy to provide occupational medical services for federal and contractor employees at Hanford Site in Washington. DOE said Thursday the environmental management office received three offers for the small business set-aside contract, which wa...
Iridium Communications (Nasdaq: IRDM) has released its financial results for the third quarter of 2023 and provided an update on its outlook for the full year. The quarter’s highlight was the 12 percent year-over-year increase in operational EBITDA to $121.3 million, a new record for the global voice and data satellite communications provider....
