Germany is set to initiate a foreign military sales process with the U.S. government to buy five Boeing-built (NYSE: BA) maritime surveillance planes for approximately $1.3 billion. The German defense ministry said Thursday it chose the P-8A Poseidon aircraft platform to address a capability gap that arose following the completion of its P-3C Orion ...
Twelve businesses were awarded contract modification that exercised option period from Sept. 1, 2021, to Aug. 31, 2022, for worldwide cargo shipment and other transportation services in support of the U.S. Transportation Command. The awards range from $7.5 million to $176 million, depending on each individual order of international ocean and intermo...
Client Solution Architects, a provider of digital transformation services to the Department of Defense and other federal government clients, has purchased Capstone for an undisclosed sum as part of efforts to expand its portfolio and footprint in the federal information technology services market. CSA said Thursday the combined company is expected t...
Potomac Officers Club, the top membership organization dedicated to connecting and empowering executives within the government contracting (GovCon) community, hosted its Trusted Workforce Forum on Wednesday, June 16th. If you missed the Trusted Workforce Forum, you can still access the OnDemand footage by visiting Potomac Officers Club’s Event Pag...
Mike Elias, an aerospace and defense industry veteran, has joined CAES as senior vice president and general manager of space systems division. He will manage the company’s portfolio of space products including applications-specific integrated circuits, radiation hardened microelectronics, advanced packaging platforms, positioning and motion contro...
Boeing (NYSE: BA) has announced the appointment of Brian West, a finance and business leader, as executive vice president and chief financial officer and the election of Stayce Harris, a retired U.S. Air Force Reserve lieutenant general, to the company’s board of directors. West will officially assume the EVP and CFO roles on Aug. 27...
PAE‘s (Nasdaq: PAE) applied technologies unit has secured a potential $402 million contract to help NASA operate and maintain the Johnson Space Center in Houston. NASA said Wednesday the company will also support Johnson engineering and construction projects and provide management support to the Sonny Carter Training Facility and Ellington Fie...
Lockheed Martin (NYSE: LMT) has been awarded a $1.80 billion contract to perform recurring logistics work for domestic and international military customers that received F-35 air systems. The company’s aeronautics segment will conduct depot activation, ground maintenance, supply chain management and initial training efforts as part of the unde...
Raytheon Technologies (NYSE: RTX) has received a $328.16 million contract to manufacture lot 21 of updated AIM-9X Sidewinder multimission missiles for U.S. and foreign military customers. The Department of Defense said Wednesday the three-year contract from Naval Air Systems Command covers the production of Block II all up round tactical and air tra...
The proposed combination of Santa Clara, California-based in-space transportation services provider Momentus and Stable Road Acquisition (Nasdaq: SRAC), a special purpose acquisition company, is now valued at approximately $700 million under an amended merger agreement that reflects changes in Momentus’ launch schedule. Momentus said Wednesday its...
