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Boston-based private equity firm Advent International and Canada-based British Columbia Investment Management Corp. have finalized their acquisition of Maxar Technologies in an all-cash transaction valued at approximately $6.4 billion, or $53.00 per share. With the transaction’s completion, Maxar will continue to operate as a U.S.-controlled a...
A partnership between Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTN) will manufacture man-portable, anti-tank guided munition systems for domestic and international defense customers under a U.S. Army contract worth potentially $7.2 billion. The award to Javelin Joint Venture has a base value of $1.02 billion and covers weapon pro...
Since the 1980s, the United States has been pivoting along an ever-evolving tract of developing technologies to protect against and respond to adversarial missile attacks. The Missile Defense Agency (once the Strategic Defense Initiative Organization and the Ballistic Missile Defense Organization) aims to be agile in its stance toward threats from r...
John Sherman, chief information officer of the Department of Defense and a 2023 Wash100 awardee, discussed how the Defense Information Systems Agency and its operations align with the National Defense Strategy and DOD’s strategic priorities during a fireside chat held Wednesday at a conference in Baltimore, Maryland. Sherman cited DISA’s wor...
The State Department has approved a potential $650 million foreign military sale of equipment and services to refurbish the Czech Republic’s utility helicopter fleet. The proposed FMS deal covers the modernization of six AH-1Z and two UH-1Y excess defense articles, the Defense Security Cooperation Agency said Wednesday. Technology products wil...
Parsons (NYSE: PSN) posted $1.2 billion in fiscal year 2023 first quarter revenue, 24 percent higher than sales reported during the same period last year. Contract award activity and the 2022 acquisition of Xator drove the growth in quarterly sales, according to the company’s financial report published Wednesday. Xator contributed $112 million...
The U.S. Army Contracting Command has started its solicitation process for a potential $99 million small business set-aside contract to procure development, sustainment and technical support services, on behalf of the branch’s Communication Electronics Command Software Engineering Center. A selected vendor will help the CECOM SEC to develop, m...
ITT (NYSE: ITT) has closed its $80 million acquisition of Micro-Mode Products, a manufacturer of radio frequency connector technology for satellite, radar and defense systems. Micro-Mode, which generated approximately $26 million in sales in 2022, will operate as part of ITT’s North American connectors business within its connect and control t...
Thomas Bell, former CEO of Rolls-Royce’s North American subsidiary and president of its global defense business, has officially assumed responsibilities as Leidos‘ (NYSE: LDOS) new chief executive. In late February, Bell was named successor to Roger Krone, a 10-time Wash100 Award winner who took on the CEO role in July 2014 and added the cha...
Lockheed Martin (NYSE: LMT) has booked a five-year, $1.44 billion contract from the U.S. Navy to continue developing warfighting capabilities for the F-35 program. The company will develop Multiship Infrared Search and Track Increment 2, Electronic Warfare Band 2/5 Radar Warning Receiver, Beyond Line of Sight communications and Modernized Countermea...
