Kathleen King, a 24-year Day & Zimmermann veteran, has assumed duties as senior vice president of finance and chief financial officer at the Philadelphia-based engineering and construction firm. She succeeds Joseph Ritzel, who officially retired Saturday after a 40-year career with the company and is helping facilitate a smooth transition as a p...
General Atomics, Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) have won positions on a seven-year, $400 million contract to develop aerospace vehicle technologies and integrated systems for the U.S. Air Force. The Air Force Research Laboratory received 15 offers on the Advanced Aerospace Systems Technology Research program, the Depart...
Lockeed Martin‘s (NYSE: LMT) rotary and mission systems business has secured a potential five-year, $305 million contract to produce an integrated common processor for the U.S. Navy’s ship and shore surveillance equipment. The company will provide a common suite of signal processing and display technologies to support vessels equipped wi...
Donna Bennett, enterprise chief information security officer of the State Department, said that safeguarding information is the organization’s “top priority” and it has undertaken a “monumental effort” to fortify its cyber defenses and consolidate its array of networks to keep pace with the increasingly digital threat environment. Ben...
Raytheon Technologies (NYSE: RTX) has received a potential one-year, $650.4 million contract modification from the U.S. Navy for the production and delivery of 15 Next Generation Jammer Mid-Band ship sets. The Department of Defense said Thursday 11 of the lot 3 low-rate initial production NGJ-MB ship sets will go to the Navy and the rest...
Collins Aerospace, a unit of Raytheon Technologies (NYSE: RTX), has booked a potential $140 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force to perform repairs on the propeller system of C-130 military transport planes. The sole-source award includes $116.8 million in options and a firm-fixed-price pricing provision, ...
Leonardo’s U.S. defense subsidiary reported revenues of $820 million during the fourth quarter and $2.7 billion for the full fiscal year of 2022. Leonardo DRS (Nasdaq: DRS) said Tuesday its Q4 FY22 bookings reached $852 million and full-year awards hit $3.2 billion driven by the rise in demand for its platforms across four key technology...
Clarivate and Cardinal Intellectual Property have won contracts worth $538.8 million combined to help the U.S. Patent and Trademark Office manage international applications to protect inventions, according to award notices posted Thursday on SAM.gov. The two companies will assist USPTO in producing international search reports and written opinions u...
The DSC-EMI Maintenance Solutions joint venture has secured a potential eight-year, $246.8 million contract to support operations at Marine Corps Base Camp Lejeune in North Carolina. Naval Facilities Engineering Systems Command acted as the contracting activity and received 10 offers for the fixed-price-plus-award-fee, indefinite-delivery/indefinite...
Andrew Ivers, a veteran defense and communications electronics industry leader, will assume the role of CEO of Communications & Power Industries and its parent company, CPI International, by the end of May. He will succeed Bob Fickett, who will transition to the position of executive chairman of CPI’s board of directors and serve as a...
