Raytheon Technologies (NYSE: RTX) posted sales of $15.3 billion and earnings per share of $0.90 for the first quarter of its 2021 fiscal year. The Waltham, Massachusetts-based defense and aerospace contractor said Tuesday its defense segment backlog at the end of FY 2021 Q1 was $65.2 billion. Major bookings for the quarter include $1.4 billion...
VTG will produce command, control, communications, computers, intelligence, surveillance and reconnaissance systems for a U.S. Navy-operated network integration engineering facility under a potential five-year, $116 million contract. The indefinite-delivery/indefinite-quantity contract with Naval Information Warfare Center Pacific covers C4ISR produ...
President Joe Biden has nominated Heidi Shyu, who was the U.S. Army’s assistant secretary for acquisition, logistics and technology from 2012 to 2016, to become the undersecretary of the Department of Defense for research and engineering. Shyu serves on the boards of multiple technology and investment companies, such as Auterion Government Sol...
Lockheed Martin‘s (NYSE: LMT) missiles and fire control business has secured a $214.7 million contract modification to continue modernization of the U.S. Army’s Multiple Launch Rocket System. The service branch used fiscal 2021 missile procurement funds on this award covering M270A2 MLRS work, the Department of Defense said Tuesday....
Visit Wash100.com to cast your TEN votes before the 2021 Wash100 Vote Standings comes to an end on Friday. In THREE days, the most competitive voting season in the history of the most prestigious award in all of government contracting (GovCon) will end with a buzzer-beater. The Wash100 Award celebrates the accomplishments of the elite...
President Joe Biden has nominated national security veterans Frank Kendall and Gina Ortiz Jones to serve as secretary and undersecretary of the U.S. Air Force, respectively. Kendall, a three-time Wash100 Award winner, previously worked at the Pentagon as undersecretary of defense for acquisition, technology and logistics and principal deputy underse...
Boeing (NYSE: BA) has received a $107 million contract modification to help the U.S. Air Force deploy telemetry and termination platforms for the Minuteman III intercontinental ballistic missile system. The company will support implementation work to meet the launch schedule of the USAF’s Flight Test Telemetry Termination Rapid Fielding progra...
Guidehouse and ReefPoint Group have created a joint venture that aims to help federal civilian, defense and commercial clients transform health care delivery with the use of information technology. Taurian Consulting emerged from a partnership between the two companies under the Small Business Administration’s mentor-protege program and will o...
Stockholders at Cubic (NYSE: CUB) voted Tuesday to approve an amended buyout offer of Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management. Holders of approximately 70.3 percent of Cubic’s shares issued and outstanding as of March 18 voted in favor of the merger agreement, Cubic said Tuesday. In late March, Cu...
The White House has issued an executive order that will direct government contractors to increase the minimum wage of employees working on federal contracts to $15 per hour. The new policy will require all federal agencies to include the raise in new contract solicitations by Jan. 30, 2022 and implement the higher wage into new...
