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Lockheed Martin’s (NYSE: LMT) net sales reached $66 billion in 2022, with aeronautics accounting for the biggest share of its business last year. Aeronautics contributed $26.98 billion to Lockheed’s sales, followed by its rotary and mission systems segment with $16.1 billion, and space and missiles and fire control each posting $11 billi...
Mercury Systems (Nasdaq: MRCY) has assigned the role of vice president of finance to Vivek Upadhyaya, former chief financial officer, treasurer and chief information officer at Leonardo‘s electronics subsidiary in the U.S. He will oversee Mercury’s corporate finance team and its forecasting, internal management reporting and analysis fun...
Microsoft (Nasdaq: MSFT) has agreed to make a multiyear, multibillion dollar investment in OpenAI, creator of artificial intelligence chatbot ChatGPT, to support the latter’s independent AI research and development efforts and enable both companies to commercialize new AI platforms. “We formed our partnership with OpenAI around a shared ambition...
Robert Hardin, former vice president of business development and strategy at Acuity International, has been appointed as chief operating officer at Insight Technology Solutions. He brings to Insight more than two decades of experience in strategic growth planning and business development for government and private customers, the professional service...
As data sharing continues to shape the evolving warfare environment, the full establishment of Joint All-Domain Command and Control, which is intended to radically transform the way U.S. forces and NATO mission partners exchange information, is critical in maintaining an advantage over adversaries, according to Air Force Brig. Gen. Chad Raduege...
Jeffrey Van Anda, a 25-year engineering professional, has been promoted to a senior vice president role at drone systems provider Hoverfly Technologies. He replaces John McDade, who has retired as SVP of engineering after nearly eight years of service at the company, Hoverfly said Thursday. Prior to his appointment, Van Anda was engineering VP at...
Lockheed Martin (NYSE: LMT) will manufacture and deliver a dozen units of the F-16 Block 70 aircraft to Jordan’s royal air force under a finalized agreement between the Middle Eastern country and the U.S. government. Jordan ordered the fighter jets in a move to strengthen defense capabilities and enhance combat readiness and interoperability w...
The Department of Defense’s innovation arm and acquisition office have updated DOD’s cleared list of small unmanned aircraft systems under the second iteration of the Blue sUAS project with the addition of drones from Skydio and Flightwave, bringing the number of vendors offering compliant drones to 10. The updated list now includes Skydio’s X...
Amazon’s (Nasdaq: AMZN) cloud computing business looks to increase the number of its data center campuses in Virginia as part of a $35 billion investment that will run through 2040. According to a post on Gov. Glenn Youngkin’s website Friday, Amazon Web Services‘ planned footprint expansion is in support of its long-term growth in the...
NASA has developed an objective-based procurement strategy to advance its ongoing Moon to Mars initiative, according to Karla Jackson, senior procurement executive and deputy chief acquisition officer at the space agency. While traditional Department of Defense procurement is based on capabilities, the objective-based approach is built around concr...
