Joseph Ritzel, senior vice president of finance and chief financial officer at Day & Zimmermann, will retire from the company on April 1 after four decades of service. Joseph Ritzel His position will be filled by Kathleen King, vice president of corporate development, the engineering and construction firm said Wednesday. Ritzel started his caree...
Tim Driscoll, a more than 15-year defense and aerospace industry veteran, has assumed the CEO role at Triman Holdings, a portfolio company of private equity firm AE Industrial Partners. “Tim brings a deep level of experience and knowledge that will be critical to executing on our aggressive growth plans and delivering the unique set of...
The team of Boeing (NYSE: BA) and Italian company Leonardo will supply 13 units of the MH-139A Grey Wolf multimission helicopter to the U.S. Air Force under a $285 million production contract. Boeing said Tuesday the award covers sustainment and other support services for the platform selected by USAF to replace the branch’s UH-1N Huey...
John Hyten, a retired U.S. Air Force general who has served on C3 AI‘s (NYSE: AI) advisory board member since June 2022, has been designated as special adviser to Thomas Siebel, CEO of the software provider. Hyten will advise the chief executive on efforts to grow C3 AI’s work with defense and intelligence agencies, the...
BioMADE, a Department of Defense-sponsored manufacturing innovation institute, has received a budget hike of about $450 million from DOD to help advance bioindustrial manufacturing education and innovation. “BioMADE’s research and development is already yielding significant progress in biomanufactured proteins, chemicals, fabrics, rubber, and mo...
System Studies & Simulation has won a five-year, $81.5 million contract from the U.S. Army to perform technical engineering work. The branch received four bids for the firm-fixed-price and time-and-materials contract via an online solicitation and obligated $6.5 million on the award using fiscal 2021 other procurement funds, the Defense Departme...
MicroTech, a service-disabled veteran-owned small business, will help the Centers for Disease Control and Prevention manage telecommunications infrastructure under a $78 million award. The CDC Office of the Chief Information Officer and Digital Service Office will receive managed services through the contract, the company said Tuesday. Services will...
Salesforce (NYSE: CRM) has formed a $250 million venture investment fund to back generative artificial intelligence technology projects and introduced a customer relationship management platform that employs OpenAI’s ChatGPT technology. Salesforce said Tuesday its ventures arm will invest in Anthropic, Cohere, Hearth.AI and You.com through the...
The General Services Administration has released a second draft request for proposals for the follow-on to GSA’s One Acquisition Solution for Integrated Services contract after industry stakeholders submitted feedback on preliminary documents regarding the new multi-agency procurement vehicle. GSA said Tuesday the OASIS+ draft RFPs contain sol...
Jim Taiclet, chairman, president and CEO of Lockheed Martin (NYSE: LMT), said High Mobility Artillery Rocket Systems or HIMARS and Javelin missiles are a big part of the arms package the U.S. government is providing for Ukraine to help the country defend itself against Russian invasion and that he expects to see robust orders for...
