Elbit Systems’ (Nasdaq: ESLT) U.S. subsidiary and a Textron (NYSE: TXT) business segment have partnered to build a prototype as part of their joint bid for the U.S. Marine Corps’ Advanced Reconnaissance Vehicle development program. The Cottonmouth prototype from Textron Systems and Elbit Systems of America will be equipped with the IronVision sy...
AeroVironment (Nasdaq: AVAV) has closed its acquisition of Telerob, a Germany-based ground robotics vehicle developer. “Our acquisition of Telerob marks a significant expansion to our portfolio of intelligent, multi-domain robotic systems, from small and medium unmanned aircraft systems, to tactical missile systems and now, unmanned ground vehicle...
Wen Masters, previously deputy director for research at Georgia Tech Research Institute, has been appointed as Mitre‘s vice president for cyber technologies, effective May 17. She will oversee Mitre’s cybersecurity strategy across a portfolio of programs including those that tackle national security and economics, the organization said T...
The Defense Logistics Agency has selected five companies to help delivery medical and surgical supplies to foreign military sales customers under a potential five-year, $516.9 million contract. DLA received eight responses to the FMS Medical and Surgical Tailored Logistics Support program via a competitive solicitation, the Department of Defense sai...
Noblis has purchased McKean Defense and its two affiliates – Cabrillo Technologies and Mikros Systems – for an undisclosed sum as part of efforts to broaden its impacts in the defense mission area and deliver new technologies and capabilities to customers. Amr ElSawy, president and CEO of Noblis and a two-time Wash100 awardee, and the...
Northrop Grumman (NYSE: NOC) reported $9.5 billion in sales for the first quarter of its 2021 fiscal year, up 6 percent from the prior year period, and attributed the increase to results from its space, aeronautics and mission systems segments. The Falls Church, Virginia-based company said Thursday net bookings for the quarter totaled approximately&...
TYSONS CORNER, VA, May 3, 2021 — Rick Wagner, president of Microsoft‘s (Nasdaq: MSFT) federal business, said the company seeks to develop and optimize devices that could help the Department of Defense manage cloud data processing work in austere operational environments, ExecutiveBiz reported April 15. C4SIRNET reported April 14 that DODR...
Stu Shea — chairman, president and CEO at Peraton and a 2021 Wash100 winner — has offered a glimpse into the nine business sectors that will arise out of the Peraton-Perspecta (NYSE: PRSP) merger slated to close in a few weeks. Shea said Thursday in a regulatory filing the businesses set to be formed by...
Ametek (NYSE: AME) has closed its $1.35 billion cash acquisition of Huntsville, Alabama-based embedded computing systems provider Abaco Systems from private equity firm Veritas Capital. Abaco, which generates approximately $325 million in annual sales, will operate under its new parent organization’s business group that offers analytical, disp...
Roy Azevedo, president of Raytheon Intelligence & Space (RI&S) for Raytheon Technologies, was presented his 2021 Wash100 Award during Executive Mosaic’s 4×24 dinner on Thursday by Jim Garrettson, CEO of Executive Mosaic and founder of the Wash100 Award. This marks the second consecutive year that Azevedo has received the most pres...
