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The U.S. Space Force’s Space Systems Command is planning to award contracts worth approximately $20 billion in fiscal year 2024 for programs related to satellite communications and positioning, navigation and timing, a significant increase from the $1.6 billion awarded in FY 2023, DefenseNews reported Thursday. Cordell DeLaPena, SSC program ex...
Vertex Aerospace has secured a five-year, $458.2 million firm-fixed-price contract from the U.S. Navy to establish a new depot site for the F-5 Adversary aircraft, serving both the military branch and the Marine Corps. The indefinite-delivery/indefinite-quantity contract also calls for organizational, selected intermediate and limited depot lev...
RTX (NYSE: RTX) has agreed to sell its Raytheon’s cybersecurity, intelligence and services business to an undisclosed buyer for approximately $1.3 billion. The company announced the move in its third-quarter earnings report published Tuesday. Reuters reported that private equity firm Blackstone was the prospective purchaser of the business. The Ra...
2023 marks the 20th annual Cybersecurity Awareness Month, the U.S. federal government’s tradition of promoting careful cyber hygiene and ensuring protective precautions for digital assets. Established by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency and a nonprofit, the National Cybersecurity Alliance, ev...
CACI International (NYSE: CACI) released its results for the three months that ended Sept. 30, highlighting a 15.2 percent year-over-year revenue growth to $1.85 billion during the first quarter of its fiscal year 2024. John Mengucci, president and CEO of CACI and a four-time Wash100 awardee, said in a statement published Wednesday, “The busin...
Lockheed Martin (NYSE: LMT) has secured a $364.3 million contract from the U.S. Navy to manufacture and deliver six MH-60R Seahawk helicopters to the Norwegian government. The Sikorsky-built aircraft will help Norway conduct search and rescue missions, perform coastal and offshore patrolling and support other maritime activities, Lockheed said Thurs...
John Avalos, chief growth officer at Arcfield since March, has been appointed chief operating officer at the Chantilly, Virginia-headquartered government and mission support services company. He will continue to manage growth and technology functions, provide operational oversight for the company’s three business sectors and help plan for futu...
Virtru has appointed industry veterans Carrick Longley as senior vice president of global public sector and Jason Green as vice president of federal sales as the company seeks to build its growth momentum. Both executives bring decades of experience overseeing modernization programs for public sector customers, the Washington, D.C.-headquarter...
DCS has received a $168 million contract from the U.S. Army to continue providing operational services to the Program Executive Office Ground Combat Systems and the Army Contracting Command-Detroit Arsenal. The five-year contract will extend support for programs including Project Manager Main Battle Tank Systems and other PEO GCS subordinate organiz...
Rodney Slater, former U.S. secretary of the Department of Transportation, and Sue Gordon, former principal deputy director of national intelligence and a two-time Wash100 awardee, have been elected to respectively serve as chairman and vice chairwoman of Mitre’s board of trustees. Slater most recently served as interim chairman and has been a memb...
