Aidis Zunde, chief operating officer of Yorktown Systems Group, was featured in a recent Executive Spotlight interview published Tuesday. He talked about his transition from a military career to one in the defense industry as well as the company’s recent growth initiatives and core values important to its culture. Here’s an excerpt from ...
Northrop Grumman (NYSE: NOC) stated an 8 percent year-over-year growth in space segment sales for the second quarter to $2.98 billion with the increase partially offsetting lower revenues at the company’s three other core business sectors. April-June sales were $8.80 billion, compared to $9.15 billion for the same period last year, and Northro...
General Dynamics (NYSE: GD) logged a $766 million profit for the second quarter of its 2022 fiscal year and $9.2 billion in revenue, figures respectively 3.9 percent higher and relatively flat compared to the same period last year. The Reston, Virginia-based defense contractor said Wednesday earnings totaled $2.27 per share, up 5.4 percent from the...
Moderna (Nasdaq: MRNA) has received a potential $1.74 billion contract to initially produce and deliver 66 million doses of its COVID-19 vaccine booster candidate to the U.S. government. The contract calls for the delivery of the initial doses in 2022 and includes options for the government to buy 234 million more doses of Moderna’s mRNA-1273.222...
Alan Masarek, a three-decade software and cloud technology industry veteran, has assumed the dual role of president and CEO at Avaya (NYSE: AVYA). He succeeds Jim Chirico, who departed the company after nearly 15 years of service, and will also serve as a member of the board of directors, Avaya said Thursday. Masarek joins the...
The State Department has approved a potential $8.4 billion foreign military sales agreement with the German government for 35 units of F-35 Joint Strike Fighter, missiles, related equipment and program support services. The NATO ally also asked to purchase F135-PW-100 engines for the conventional take off and landing aircraft, AIM-120C-8 advanced me...
Scott Baer, vice president of special programs at Comcast Business, was featured in a recent Executive Spotlight interview published Thursday. He shared how the company is advancing its network to ensure it can support the increasing demand from federal agencies to modernize their networks. The Q&A also tackled Comcast Business’ goals, M&A...
A General Dynamics (NYSE: GD) subsidiary has received a four-year, $697.9 million contract modification to conduct an engineered overhaul of USS Hartford, an attack submarine in the U.S. Navy’s Los Angeles class. Electric Boat will perform modernization, repair and maintenance services at a company facility in Groton, Connecticut, through...
The U.S. Air Force has awarded seven companies spots on a potential six-year, $762 million contract vehicle for subject matter expert services to the branch’s cloud-based data management platform. Contractors will compete for task orders to perform data preparation and architecture, data maturity model evaluation, algorithm development and dat...
The House of Representatives voted 243-187 Thursday to approve the CHIPS and Science Act one day after the Senate passed the bipartisan legislation by a 64-33 vote. The $280 billion funding package will support domestic initiatives aimed at helping both the public and private sectors meet the chip shortage challenge and cut reliance on semiconductor...
