The State Department has cleared Norway’s request to procure MH-60R multimission helicopters and C-130J transport aircraft sustainment services under a pair of foreign military sale deals worth approximately $1.16 billion combined. Norway asked to buy six anti-submarine and anti-surface warfare helicopters equipped with tactical data link radi...
GE Aerospace will build T408-GE-400 turboshaft engines to power CH-53K production helicopters for the U.S. Navy and the Israeli government under a $683.7 million contract. The Navy ordered 129 engines under full-rate production lots six to eight, while Israel procured 40 units through a foreign military sales transaction, the Department of Defe...
Investment bank EF Hutton has started research coverage of Castellum (NYSE-American: CTM) and issued a “Buy” rating to the electronic warfare and cybersecurity services provider. Mark Fuller, president and CEO of Castellum, said in a statement published Wednesday the company hopes to generate more coverage from other analysts as investor...
Andie Borcz, vice president of people at Applied Insight since December 2022, has been appointed to the company’s newly created position of chief people officer. Her new responsibilities cover human resources, employee services, talent acquisition and organizational culture, Applied Insight said Wednesday. Borcz has over 20 years of experience...
Higher sales from commercial airplanes and the defense, space and security business contributed to Boeing’s (NYSE: BA) $17.9 billion revenue for the first quarter of 2023. The company on Wednesday published its quarterly performance, which reflected a 28 percent increase in revenue compared to the same period last year. Boeing’s commerci...
Science Applications International Corp. (NYSE: SAIC) will help the Defense Counterintelligence and Security Agency update information technology systems under a potential five-year, $889 million contract. The General Services Administration’s Federal Systems Integration and Management Center issued the award for “One IT” development and i...
Ensco has acquired rail infrastructure inspection system provider KLD Labs through an equity purchase transaction. The two companies will combine their technology platforms and engineering services to help customers inspect train tracks and vehicles, Ensco said Tuesday. Hauppauge, New York-based KLD offers digital tools to support automated manageme...
The Department of Health and Human Services has awarded Amentum a position on a potential 10-year, $75 billion multiple-award contract to provide facilities and services for refugees across the continental U.S. Amentum said Tuesday it will compete for task orders in the areas of direct care, facilities management and wrap around services in support ...
Raytheon Technologies (NYSE: RTX) reported $17.2 billion in sales during the first quarter of 2023, up 10 percent from the prior-year period, and saw earnings for the period rise 6 percent to $1.22 per share. The Arlington, Virginia-based aerospace and defense contractor said Wednesday it ended the quarter with a record backlog of $180 billion...
Gerry Dorros, a government services sector veteran with more than two decades of investment and operational experience, has been named managing director at private equity firm Sagewind Capital. He will lead the establishment of Sagewind’s Washington, D.C. office, the New York-based private equity firm said Tuesday. Dorros is a founding member ...
