The U.S. Space Force has awarded Lockheed Martin (NYSE: LMT) a $581.6 million contract to engineer legacy and modernized Global Positioning System satellites operating in orbit. Lockheed will collect data, resolve anomalies and perform cybersecurity work to support the Block IIR, IIRM, III and IIIF variants of the GPS constellation, the Department o...
Carey Smith, chairwoman, president and CEO of Parsons (NYSE: PSN), said the company has acquired eight companies in the past five years and adopted a deliberate strategy with a focus on “buying for technology differentiation,” Defense News reported Thursday. “Our focus largely to date has been on cyberspace and critical infrastructure protecti...
Software investor Insight Partners has named seven public sector leaders to its newly created government advisory board to advise the private equity firm on investment strategy and programs meant to further build up its portfolio companies that are supporting government clients. “Our inaugural GAB members come with different experiences across the...
The board of directors at Lockheed Martin (NYSE: LMT) has approved a cash dividend of $2.80 per share for the third quarter of its 2022 fiscal year. Shareholders of record as of the close of business on Sept. 1 will receive the dividend on Sept. 23, the company said Thursday. The Bethesda, Maryland-based aerospace and...
Sealing Technologies has named industry leaders Brandon Whalen, Jennifer Jenkins and Gene Dollarhide to its leadership team to serve as head of three mission areas as part of an updated structure meant to better support internal operations and advance cybersecurity mission. Whalen will serve as mission director of SealingTech’s security-enhanced i...
ExecutiveBiz featured Dave Rey, president of Salesforce Global Public Sector, in a recent Executive Spotlight interview published Wednesday. He talked about the government’s focus on enhancing digital services and customer experiences and in connection, the company’s efforts to drive growth and innovation for its government customers. Th...
Heather Young, a sales professional with more than 15 years of government market experience, has been appointed regional vice president of public sector sales at cyberecurity company Claroty. In her new role, Young will lead public sector engagements focused on critical infrastructure security and help introduce Claroty’s secure remote acces...
The British government on Thursday initiated a consultation on Cobham’s proposed acquisition of U.K.-based defense contractor Ultra Electronics to address national security issues associated with the planned transaction. In August 2021, Cobham agreed to acquire Ultra Electronics for approximately $3.6 billion. The proposed undertakings that Cobham...
The U.S. Navy has selected Communications & Power Industries and Stellant Systems to repair crossed-field amplifiers for the AEGIS Combat System under a five-year, $90.8 million contract. The multiple-award, indefinite-delivery/indefinite-quantity contract will involve fixing double-duty, water-cooled vane and single-duty CFA electron tubes, the...
Four companies have received separate contracts worth a combined $103.4 million over five years to support spaceflight and aircraft management systems at NASA’s Johnson Space Center in Texas. The Mission Enabling Services Contract consists of five individual contracts that are divided into three work segments, intended to primarily support the...
