Lockheed Martin (NYSE: LMT) logged an 8 percent increase year-over-year in fiscal 2023 second-quarter net sales to $16.7 billion, net earnings of $1.7 billion or $6.63 per share and a record backlog of $158 billion. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.5 billion to shareholders in the form of cash...
Intel’s (Nasdaq: INTC) foundry business has added Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) to the second phase of the Department of Defense’s Rapid Assured Microelectronics Prototypes-Commercial program. Northrop and Boeing will join IBM (NYSE: IBM), NVIDIA (Nasdaq: NVDA), Microsoft (Nasdaq: MSFT), Qualcomm (Nasdaq: QCOM) and other RAM...
Candice Ling, vice president of the federal government civilian business at Microsoft (Nasdaq: MSFT) since October 2021, has been appointed as the company’s federal sector leader. Ling wrote in a LinkedIn post Tuesday that she aims to promote a culture of innovation, collaboration and inclusivity as she oversees the Microsoft Federal organizat...
Pratt & Whitney, an RTX (NYSE: RTX) business, has been awarded a $256.3 million contract option by Naval Air Systems Command to maintain fielded F-35 propulsion systems for domestic and international military customers. The engine builder will support depot-level F135 maintenance and repair activities under the exercised option, the Department o...
The federal government awarded a record $162.9 billion, or 26.5 percent of total contracting dollars, to small businesses in fiscal year 2022, an increase of $8.7 billion from the prior year, according to the Small Business Administration. SBA said Tuesday last year’s prime contracting rate surpassed the 23 percent annual target, while small b...
Lucia Soares, former managing director and chief information officer of Global Portfolio Solutions at Carlyle (Nasdaq: CG), has transitioned to the roles of CIO and head of technology transformation at the global investment firm. She is now responsible for overseeing the Global Technology Solutions organization and developing firmwide technology str...
NASA has launched a full and open competition for interested vendors to design and build a single-channel, near-infrared optical detector for the National Oceanic and Atmospheric Administration’s Geostationary Extended Observations satellite system. The space agency intends to award a 15-year cost-plus-award-fee contract for the development of...
Oshkosh‘s (NYSE: OSK) defense subsidiary will manufacture 116 more Enhanced Heavy Equipment Transporter System trailers for the U.S. Army under a $57 million order. The additional EHETS order is part of a competitively awarded contract in September 2022, worth potentially $263.2 million over five years, the company said Tuesday. Dutch trailer ...
Each year, the federal government allocates substantial funding toward defense and security contracts. Government agencies, such as the Department of Defense and the US Armed Forces, tap into the expertise of multiple companies dedicated to developing and providing cutting-edge solutions for defense and warfare initiatives across various domains, su...
Mark Testoni, former CEO of SAP National Security Services, has been appointed executive chairman at Arlington, Virginia-based professional services company cBEYONData. Testoni will work with cBEYONData’s board of directors and executive management team to drive its corporate strategy, acquisition pursuit, product innovation and marketing and ...
