William Lynn, CEO of Arlington, Virginia-based Leonardo DRS, said he believes trading on the stock market will give the company “much more strategic flexibility to build” and an opportunity to generate cash to fund future acquisitions, Breaking Defense reported Monday. In June, Leonardo DRS and Israel-based RADA Electronic Industries (Nasdaq: RA...
The U.S. Space Force has issued a list of future commercial satellite communications requirements to help interested vendors prepare for potential solicitations in fiscal year 2023. The service noted that the 11 planned procurement contracts projected for the next 11 months are subject to change, according to a sources sought notice published Thursd...
HII’s (NYSE: HII) Ingalls Shipbuilding division has received a potential $2.4 billion contract modification to design and build the amphibious assault ship LHA 9 for the U.S. Navy. The modification to a previously awarded contract in April 2020 includes options that would bring the contract’s total value to $3.2 billion if exercised, HII said Th...
General Dynamics (NYSE: GD) booked a profit of $902 million for the third quarter of its 2022 fiscal year, 4.9% higher than the $860 million net earnings it reported over the same period in 2021. Revenue for the period climbed 4.3% to $9.98 billion from $9.57 billion. The aerospace and defense contractor said Wednesday diluted...
NASA has kicked off a full and open competition for a potential eight-year, $400 million contract for functional activity support to the agency’s Shared Services Center. A selected vendor will assist NSSC in various areas such as intelligent automation, business services, procurement, financial management and human resources, according to a so...
Elbit Systems (Nasdaq: ESLT) has secured a $215 million contract to supply an aerial intelligence platform to an unnamed customer in the Asia-Pacific region. The international client could receive the ordered system within a two-year period, Elbit Systems said Thursday. The Israeli defense contractor will also manufacture a combat networked system a...
Gustave Perna, a four-decade U.S. Army veteran, has been appointed chief operating officer at modeling and simulation software developer Defcon AI. His appointment comes less than two months after incubation firm Red Cell Partners launched the technology company to serve the national security and health care sectors. Paul Selva, co-founder of Defcon...
Seven companies have secured positions on a five-year, $108 million blanket purchase agreement to provide consulting, analysis and assistance services to the Department of Energy on environmental matters. The BPA covering department-wide National Environmental Policy Act support services was issued through the General Services Administration’s...
The U.S. Navy is seeking proposals for a follow-on procurement of technical support services to model and simulate combat environments. The next Battlespace Modeling and Simulation contract will have an indefinite-delivery/indefinite-quantity structure and is reserved for small business proposers, according to a solicitation notice posted Tuesday on...
Northrop Grumman (NYSE: NOC) saw its sales for the third quarter of fiscal 2022 jump 3 percent to $9 billion, up from $8.7 billion during the prior-year period, and attributed the growth to improving trends in labor availability and strong demand for the company’s capabilities. The Falls Church, Virginia-based aerospace and defense contractor said...
