The board of directors of Iridium Communications (Nasdaq: IRDM) has approved a plan to buy back another $400 million in shares through Dec. 31, 2025. Iridium said Thursday the plan marks its third and largest stock buyback authorization and increases the satellite communications company’s total repurchase program to $1 billion, the company sai...
Sixty-six vendors have secured positions on a potential 10-year, $900 million contract to help the U.S. Air Force develop approaches needed to build multidomain systems in support of the service’s warfighting missions. The Air Force Life Cycle Management Center at Wright Patterson Air Force Base in Ohio received 70 offers for the indefinite-de...
Northrop Grumman (NYSE: NOC) posted $9.6 billion in sales for the second quarter of 2023, up 9 percent from the prior-year period’s figure of $8.8 billion, and ended the quarter with a total backlog of $78.8 billion. The Falls Church, Virginia-based aerospace and defense contractor said Thursday its Q2 2023 net awards totaled $10.9 billion...
General Dynamics’ (NYSE: GD) information technology business won a pair of task orders valued at $320 million to support U.S. Bureau of Consular Affairs operations in South America. The recompete tasks encompass visa application and processing services in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Peru, Paraguay and Uruguay, the com...
Technology industry veteran Peter O’Donoghue has joined Herndon, Virginia-based federal systems integrator Tyto Athene as chief technology officer. In this capacity, he will oversee the company’s strategy and execution efforts and serve as a change agent and business partner to advance the development of technology platforms in support of custom...
Aurora Flight Sciences and General Atomics‘ aeronautical systems business will continue working on a Defense Advanced Research Projects Agency program aimed at developing a lifter seaplane demonstrator. The Department of Defense said Thursday Aurora received a $19.5 million contract modification while General Atomics Aeronautical Systems Inc. ...
RTX (NYSE: RTX) has received a potential 10-year, $175 million contract from the U.S. Air Force to provide overhaul and repair support for advanced high-frequency radar components and related end items on the B-2 Spirit bomber aircraft. Work on the sole-source, indefinite-delivery/indefinite-quantity contract will occur in El Segundo, California, th...
KBR (NYSE: KBR) posted $1.75 billion in second quarter revenue to register a year-over-year increase of 8 percent and a higher backlog under its government business for the three months ended June 30. The company said Thursday quarterly backlog in the KBR Government Solutions unit amounted to $16 billion, compared with the $11.5 billion recorded...
Alexis Bonnell, former emerging technology evangelist at Google‘s public sector business, has been named the inaugural chief information officer of the Air Force Research Laboratory and director of AFRL’s new digital capabilities directorate. She will oversee the development of the lab’s digital capabilities and information technol...
Eleven small businesses have won spots on a potential $200 million indefinite-delivery/indefinite-quantity contract to develop, integrate and update software platforms for a U.S. Navy program executive office focused on command, control, communications, computers and intelligence. The small business set-aside contract will involve using artificial i...
