The federal government allocates substantial financial services amounting to millions and even billions of dollars to procure a diverse range of services encompassing defense, weaponry, healthcare, cybersecurity, space missions, and more. Federal agencies enter into contracts with private companies that offer these specialized services to accomplish...
Honeywell (Nasdaq: HON) has agreed to purchase the heads-up-display product line from Swedish defense technology manufacturer Saab in an effort to advance its avionics and safety portfolio of offerings. Saab’s HUD assets will be integrated into Honeywell Anthem, the aerospace business’ first cloud-native cockpit system customizable for a...
Alec Newell, former senior strategy and business development manager at General Dynamics’ (NYSE: GD) mission systems business, has assumed the role of business development vice president at NetCentrics. He will help drive growth in NetCentrics’ national security and federal civilian segments through strategies for IT and mission support ...
Sintavia, a maker and supplier of thermodynamic components for defense and aerospace applications, has secured a strategic investment from Lockheed Martin (NYSE: LMT). Florida-based Sintavia said Wednesday it will use the equity investment to further advance the development and testing of its thermodynamic designs and components used in multicircuit...
Jim Kenney, senior director of finance at HightPoint Digital since January, has been promoted to the chief financial officer position at the Herndon, Virginia-headquartered information technology company. He will report directly to HighPoint President Jay Jones and manage the overall financial and accounting operations and strategy for the company&#...
Eleven companies will continue providing the U.S. Transportation Command with logistics services under a Multimodal Transportation Program contract modification. The award has a combined option value of $178.5 million and a 24-month additional period that could bring the potential contract value to $457.2 million if exercised, the Defense Department...
The State Department has approved the government of Poland’s request to purchase a configuration of the Patriot missile system equipped with Integrated Air and Missile Defense Battle Command System and related equipment under a potential $15 billion foreign military sales agreement. The deal covers the provision of the IBCS-enabled Patriot sur...
RTX (NYSE: RTX) has secured a $625 million contract to produce and deliver Force Element Terminals, one of the two types belonging to the Family of Advanced Beyond Line-of-Sight Terminals program of the U.S. Air Force. The indefinite-delivery/indefinite quantity award covers equipment procurement, depot activation, research and contractor support fo...
Shea Ferring was elevated to the role of chief technology officer at Firefly Aerospace, where he recently served as senior vice president of engineering responsible for leading its four key launch vehicle product activities. In a LinkedIn post Wednesday, the AE Industrial Partners portfolio company highlighted Ferring’s contribution to the Fir...
A division of General Dynamics’ (NYSE: GD) information technology business has received two contracts worth approximately $580 million for software development and cybersecurity services. The multiyear contracts awarded to GDIT’s intelligence and homeland security division in April expand the company’s portfolio in cybersecurity, cloud...
