The U.S. Army has selected Booz Allen Hamilton (NYSE: BAH) to develop a common data fabric that would facilitate data sharing and synchronization between incompatible systems. The company said Tuesday the Rainmaker multidomain technology is meant to link different platforms across air, land, sea, cyber and space domains to enable coordinated militar...
Lockheed Martin (NYSE: LMT) generated $16.3 billion in net sales for the first quarter of its 2021 fiscal year, up 4 percent from the same period a year ago, along with earnings of $6.56 per share for the three-month financial period. Bethesda, Maryland-based Lockheed said Tuesday Q1 net earnings came in at $1.8 billion, compared with...
Sixteen nonprofit organizations employing people with disabilities have won positions on a $150 million indefinite-delivery/indefinite-quantity contract to help the Defense Logistics Agency distribute goods and services to the U.S. military. DLA received 17 responses for the AbilityOne Base Supply Center Tailored Logistics Support Program via a comp...
Northrop Grumman (NYSE: NOC) has received a potential $2.31 billion contract to provide program management and sustaining engineering support services for the propulsion subsystem of the U.S. Air Force’s Minuteman III intercontinental ballistic missile. Work includes maintenance engineering, systems and equipment modification, software and hardwar...
The U.S. Department of Defense and the U.K. government are working out the details of an approximately $2 billion foreign military sales agreement for extended-range Chinook multimission helicopters, manufactured by Boeing (NYSE: BA), Bloomberg reported Tuesday. U.K. indicated its intent to buy 14 new H-47(ER) units in a letter of offer and acceptan...
The National Institutes of Health has awarded four companies spots on a potential five-year, $3.6 billion contract to support in-progress and new research projects, program implementation and other activities in support of the mission of the NIH’s biomedical research program. Axle Informatics, GAP Solutions, Kelly Services and Medical Science &...
David Calhoun, president and CEO of Boeing (NYSE: BA), could remain at the helm for another six years after the aerospace and defense company’s board of directors extended its compulsory retirement age for Calhoun from 65 to 70. The company said Tuesday the 64-year-old chief executive has held the dual role since January of last...
Carey Smith, president and chief operating officer of Parsons (NYSE: PSN) and a 2021 Wash100 Award winner, has been elected by the board of directors to succeed the retiring Chuck Harrington as the company’s CEO, effective July 1. Harrington, who has been CEO and board chairman since 2008 and a previous Wash100 Award recipient, will...
Bollinger Shipyards has bought the Houma, Louisiana-based shipyard division of Gulf Island Fabrication (Nasdaq: GIFI) for approximately $28.6 million in a move to expand construction or repair work in the military and commercial shipbuilding markets. The deal includes a 437-acre waterfront facility, four drydocks and existing contracts to build vess...
Russell Smith, former vice president of cyber practice at Science Applications International Corp. (NYSE: SAIC), has joined ManTech International (Nasdaq: MANT) to serve as its cybersecurity program director. Smith made the announcement through a LinkedIn post published Monday. He spent nearly two and a half years at SAIC. As VP, the cybersecurity a...
