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Slingshot Aerospace has purchased Numerica’s space domain awareness division and Seradata for an undisclosed sum as part of efforts to further advance space sustainability by delivering space traffic coordination and space situational awareness platforms to launch providers and satellite operators. The SDA division of Numerica brings to Slingshot ...
Lumen Technologies’ (NYSE: LUMN) government arm has won a potential 10-year, $1.5 billion contract from the Defense Information Systems Agency to provide end-to-end transmission capabilities and related services for the Defense Information System Network Indo-Pacific. DISN Indo-Pacific serves as the Defense of Defense’s consolidated telecommunic...
The State Department has approved Saudi Arabia’s request to purchase Patriot missile interceptors and related equipment from the U.S. government under a potential $3.05 billion foreign military sales contract. Raytheon Technologies (NYSE: RTX) will serve as the prime contractor to deliver 300 Patriot MIM-104E Guidance Enhanced Missile-Tactical...
Jeremy Ross, a more than two-decade GovCon industry veteran, has joined SilverEdge Government Solutions as chief growth officer. He will oversee SilverEdge’s business development efforts, go-to-market strategy and organic growth initiatives within the defense and intelligence communities, the company said Tuesday. SilverEdge CEO Robert Miller said...
Lockheed Martin (NYSE: LMT) has increased the size of its $200 million venture capital fund to $400 million as the company looks to expand startup investments aimed at helping accelerate defense innovation. Chris Moran, vice president and general manager of Lockheed Martin Ventures, said in a statement released Tuesday the fund vetted over 1,000 sta...
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...
