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The shares of General Dynamics (NYSE: GD) popped 4.03 percent to $242.40 on mid-week after the company reported a 6 percent year-over-year revenue growth in the third quarter of 2023 to $10.6 billion versus Q3 2022. Another business highlight was the $95.6 billion company-wide backlog, the highest ever in the defense contractor’s history. Net earn...
Jim Scanlon, a board member at Radiance Technologies since 2021, has been appointed president of the Huntsville, Alabama-based defense technology services contractor. Scanlon, who has served as chairman of the board’s governance committee and member of audit and compensation panels, will continue to serve on Radiance’s board in addition to h...
Accenture’s (NYSE: ACN) federal arm has received a potential $486.4 million contract from the State Department to field, operate, maintain and support the agency’s Integrated Logistics Management System. The contractor will provide customer outreach and training, security monitoring and patching and other operations and maintenance support for I...
Cordell DeLaPena, program executive officer for military communications and positioning, navigation, and timing at Space Systems Command, said the U.S. Space Force plans to release in January a request for proposals for the space vehicle segment of a potential $8 billion satellite constellation designed to provide nuclear command, control and commun...
Keith Flynn, formerly senior vice president of product and engineering at Glydways, has taken on the newly created role of SVP of manufacturing at Anduril Industries. He will help scale the production of autonomous systems for domestic and international customers and lead a team of 200 engineers and technicians across the U.S. and Australia, Anduril...
Space Operations Command’s Space Acquisition and Integration Office has begun seeking proposals for a potential 10-year, $480 million small business set-aside indefinite-delivery/indefinite-quantity contract for satellite control network support services. The STORMS contract vehicle will provide SpOC’s Space Delta 6 with operations and o...
Red River has named contracts expert Jessica Johnson as vice president of contracts for its government technology services business, the company announced Wednesday on LinkedIn. She has been in the contracting profession since 2009 and was most recently the government contracts lead for a Silicon Valley tech startup. Johnson’s career highlight...
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...
