Lockheed Martin reported $18.6 billion in fiscal 2025 third-quarter sales, up 9 percent from $17.1 billion in the same period last year, a record backlog of $179 billion and Q3 net earnings of $1.6 billion, or $6.95 per share. In an earnings release published Tuesday, the Bethesda, Maryland-based aerospace and defense contractor said it returned...
Lynk Global and Omnispace have unveiled plans to merge to accelerate the deployment of advanced direct-to-device satellite connectivity. Upon completion of the merger, SES will assume a major shareholder position, helping expand D2D and internet of things, or IoT, services for mobile network operators, businesses and government clients usi...
The Department of Homeland Security has announced plans for a firm-fixed-price contract valued at more than $100 million to expand its Persistent Surveillance and Detection, or PSD, system under the Cross Border Tunnel Threat, or CBTT, program. Join the Potomac Officers Club’s 2025 Homeland Security Summit on Nov. 12 if you wish to learn ...
Textron‘s board has selected Lisa Atherton, president and CEO of the industrial conglomerate’s Bell subsidiary, to succeed Scott Donnelly as president and chief executive officer, effective Jan. 4. Textron said Wednesday the leadership transition will see Scott Donnelly, who has been with the company for the past 17 years, become executi...
AeroVironment is focused on rapidly ramping up the production of its Freedom Eagle kinetic counter-unmanned aircraft system missile to deliver it to the U.S. Army under a $95.9 million contract. The new award was secured through the Army Combat Capabilities Development Command Aviation & Missile Center Aviation & Missile Technology Consortiu...
EchoStar subsidiary Hughes Network Systems has completed the acquisition of Anderson Connectivity, an aerospace company specializing in design, engineering and manufacturing services. How will Anderson Connectivity’s Acquisition Impact Hughes? Hughes said Wednesday its acquisition of Melbourne, Florida-based Anderson Connectivit...
Steve Cubarney has been named executive vice president of sales at Xcelerate Solutions. Cubarney announced his appointment on LinkedIn Tuesday. Steve Cubarney’s Career Highlights Before joining Xcelerate Solutions, Cubarney spent more than seven years at Guidehouse. He served as partner and director of the defense and intel...
The Naval Research Laboratory has released a request for proposals for research and development for satellite software and operations support contract. NRL Satellite Software & Operations Support Contract Scope According to the solicitation notice published on SAM.gov Tuesday, NRL is seeking qualified contractors to develop, sustain and operate ...
Larx has added Ryan Lewis, CEO of Rancher Government Solutions, to its advisory board. “Ryan is a proven leader in AI, open-source innovation, and national security, helping bridge cutting-edge commercial technology with critical government missions,” Larx said in a LinkedIn post Wednesday. Who Is Ryan Lewis? Lewis currently leads R...
Boeing has received two U.S. Army contracts worth $461 million to produce nine additional CH-47F Block II Chinook helicopters under Lots 4 and 5 in support of the service’s heavy-lift modernization efforts. The company said Tuesday the awards bring the total number of Chinooks under contract to 18 aircraft. In December 2024, the aerospace and...
