The State Department has approved a potential $250 million foreign military sale of Joint Light Tactical Vehicles, manufactured by Oshkosh‘s (NYSE: OSK) defense subsidiary, to the government of Slovakia. The FMS request comprises 192 JLTV heavy gun carriers and related equipment such as common remote weapons stations, quick change barrels, gre...
Charles Anderson, a retired U.S. Army major general with more than four decades of combined military and industry experience, has been appointed vice president and general manager of VSE’s (Nasdaq: VSEC) government-focused subsidiary. VSE announced Anderson’s appointment one week after the aftermarket services provider moved to sell its ...
Chad Haferbier, vice president of multidomain operations solutions at Leidos (NYSE: LDOS), said government agencies should shift to open-architecture, nonproprietary frameworks that “enable rapid, iterative improvements” to achieve true modernization. “Open architectures also enable agencies to prioritize interoperability and data ...
Bernhard Capital Partners has expanded its newly established government services platform by signing an agreement to buy Duotech Services for an undisclosed sum. Franklin, North Carolina-based Duotech provides maintenance and repair, remanufacturing and engineering platforms to support ground-based and aerial radar systems of U.S. defense customers ...
Lockheed Martin’s (NYSE: LMT) space segment will streamline its five business lines into three as part of a realignment initiative meant to improve the delivery of space capabilities to customers, facilitate collaboration with suppliers and partners, better address emerging threats and further advance growth and innovation. Maria Demaree, most...
U.S. Vice President Kamala Harris and other administration officials met with the chief executives of Alphabet, Anthropic, Microsoft (Nasdaq: MSFT) and OpenAI to discuss the importance of responsible innovation in the artificial intelligence field. The meeting came after the White House unveiled initiatives to ensure AI technology adoption will not ...
HII (NYSE: HII) logged first-quarter revenue of $2.7 billion, up 3.8 percent from prior-year period figures, and the company attributed the growth to strong performance by its Newport News Shipbuilding and Mission Technologies divisions. The company said Thursday net earnings for the quarter totaled $129 million, or $3.23 per share, compared to $140...
The U.S. Navy has awarded two-year contract modifications to five companies to provide command and control technology and experimentation support services. The modifications on a previously awarded indefinite-delivery/indefinite-quantity contract cover C2 tech capabilities in the areas of science and technology research, systems engineering, design,...
Raytheon Technologies (NYSE: RTX) has received a $45.4 million award from the Army Contracting Command to conduct analytics and systems support for an information technology architecture that U.S. and allied nations use to exchange intelligence data. The company will support the Cross-Domain Enterprise All-Source User Repository under the cost-plus-...
Maximus (NYSE: MMS) reported $1.21 billion in revenue for the second quarter of its 2023 fiscal year, a 2.5 percent increase from the prior-year period. The Tysons, Virginia-based company said Wednesday diluted earnings for the quarter came in at 52 cents per share, while adjusted earnings stood at 80 cents per share. New and expanded...
