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Fairbanks Morse Defense has purchased California-based marine electrical hardware manufacturing company Research Tool & Die to further expand the FMD’s turnkey offerings in the naval defense market. FMD said Thursday it made the acquisition to elevate its portfolio that supports naval power and propulsion systems production, maintena...
Jack Azagury, a 26-year Accenture (NYSE: ACN) veteran and most recently the U.S. Northeast market unit lead, has been named group chief executive of the company’s strategy and consulting group. In his new position, Azagury will be responsible for managing the unit’s enterprise operations, business strategy, applied intelligence and inno...
Air Force Secretary Frank Kendall said the military service predicts its next manned fighter platform and associated systems to be ready by the end of the decade, The Drive reported Wednesday. Kendall, a three-time Wash100 Award winner, told an audience at a recent Heritage Foundation event that engineering and manufacturing development efforts are ...
Parsons (NYSE: PSN) has closed its purchase of Xator for approximately $400 million as part of efforts to expand its footprint within the Intelligence Community, U.S. Special Operations Command, federal civilian and critical infrastructure markets. The transaction was first announced in May and Parsons said Wednesday it will integrate Xator into its...
Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary and Axiom Space have won positions on a potential 12-year, $3.5 billion contract to develop next-generation spacesuits that would enable NASA astronauts to perform spacewalks outside the International Space Station and explore the lunar surface as part of Artemis missions. NASA said T...
Reston Virginia-based information technology company Electrosoft acquired managed security services provider Achilles Shield in a move to grow the former’s cybersecurity portfolio for the federal civilian and defense sectors. Electrosoft said Wednesday its founder and CEO Sarbari Gupta will also hold the chief executive role at the acquired en...
Jonathan Baliff, chairman of the audit committee of Redwire’s (NYSE: RDW) board of directors, has been appointed chief financial officer at the space infrastructure technology company. He succeeds Bill Read, who has served in the CFO role since August 2020 and stepped down nine months after Redwire went public, the company said Wednesday. David Ko...
Boeing (NYSE: BA) will deliver the CH-47F Chinook aircraft to the German armed forces for its heavy-lift helicopter program, with the potential Foreign Military Sales deal reportedly reaching $4.29 billion in estimated value. The defense company said Wednesday it was selected to provide Germany with the NATO-interoperable Chinook aircraft to meet it...
Southcoast Welding and Manufacturing has won spots on a pair of multiple-award contracts worth potentially $1.19 billion combined to repair, maintain and update non-nuclear surface combatant and amphibious ships that are visiting or stationed at the U.S. Navy’s San Diego base. Naval Sea Systems Command received seven offers for the lots I and ...
Paul Meyer, president of Department 22 at Raytheon Technologies‘ intelligence and space business, was featured in a recent Executive Spotlight interview published Tuesday. He said Department 22 was formed in response to customers’ call to boost the speed of innovation amid the Department of Defense’s implementation of its Joint All...
