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A Thales subsidiary has acquired the remaining stake of Leonardo DRS in Advanced Acoustic Concepts, the joint venture between the two organizations, for an undisclosed amount as part of the former’s efforts to expand engineering offerings for the U.S. military. Thales Defense & Security Inc. now has full ownership of AAC, which generated $...
ExecutiveBiz featured Sean Berg, president of global government and critical infrastructure at Forcepoint, in its most recent Executive Spotlight interview published Wednesday. He talked about the company’s focus on the federal sector as a driver for long-term growth, its recent acquisitions to complement existing capabilities, and how zero tr...
The Defense Threat Reduction Agency has selected Obsidian Solutions Group, Veteran’s First and RMGS to provide assessments, exercises and modeling and simulation support under a potential $850 million multiple award contract. The three small businesses were among 18 offerors for the indefinite-delivery/indefinite-quantity contract that includes ba...
U.S. senators voted 64-33 Wednesday to approve a $280 billion funding bill that would give more than $52 billion to domestic semiconductor production, manufacturing research, workforce training and laboratory-to-fabrication transition programs. The CHIPS and Science Act of 2022, which is now headed to the House of Representatives for approval, also ...
Raytheon Technologies (NYSE: RTX) posted $16.31 billion in sales for its fiscal year 2022 second quarter, up 4 percent on an organic basis over the prior-year period and reported adjusted earnings per share rose from $1.03 to $1.16 per share. The Arlington, Virginia-based defense and aerospace contractor attributed the higher sales to a strong start...
NASA has issued a presolicitation notice on its plan to adopt a single services contracting approach for long-term hardware production and operations of the Space Launch System. The space agency said Wednesday it intends to award the single Exploration Production and Operations Contract to Deep Space Transport, a joint venture between Boeing (NYSE: ...
The space divisions of Lockheed Martin (NYSE: LMT) and Maxar Technologies (NYSE: MAXR) have received 10-month contracts to study spacecraft designs for the National Oceanic and Atmospheric Administration’s Geostationary Extended Observations program with NASA. NASA awarded $5 million to each contractor to conduct concept development and technology...
Sierra Nevada Corp.‘s space subsidiary has created a group that will advise the business on matters related to national security threats and technology trends. James “Hondo” Geurts, former acting undersecretary and acquisition chief of the U.S. Navy and a previous Wash100 awardee, will lead the national security advisory group at Sierra Space ...
Viasat (Nasdaq: VSAT) has enlisted the help of an adviser as the communications equipment provider considers selling a unit that offers encryption tools to the government sector, Bloomberg reported Tuesday. The encryption business’ estimated annual EBITDA stands at $120 million and the portfolio could sell for $1.8 billion from potential ...
Ken Peterman, a four-decade defense industry veteran, succeeded Fred Kornberg as chairman of the board of directors at Melville, New York-based Comtech Telecommunications Corp. (Nasdaq: CMTL). Peterman was appointed to the chairman post after serving as an independent director for the past two months, the communications equipment provider said Monda...
