True Anomaly has raised $260 million in funding from its Series C financing round. The sum raised will support growth activities, facility and workforce expansion, vertical integration and product development, the defense company said Wednesday. Accel, a venture capital firm, led the Series C financing round. ACME Capital, Meritech Capital, Me...
Chuck Johnson announced on LinkedIn Tuesday that he has been appointed vice president of advanced weapons at Northrop Grumman. The long-serving Northrop Grumman executive succeeds Susan Bruce, who has held the position since 2023. Johnson brings extensive experience in delivering all-domain technologies for a diverse local and global custo...
Mythics has acquired SpearMC as part of its effort to expand its market footprint and strengthen its presence in the public sector. The transaction will accelerate Mythics’ strategic growth, Paul Seifert, CEO of the Oracle systems integrator, said Tuesday. “Together we bring a strong ability to deliver value, provide strong solutio...
SciTec secured a $259 million contract from the Space Systems Command on Apr. 24 to enhance the missile warning and tracking mission of the U.S. Space Force. FORGE EOS Contract Scope The SSC said Tuesday the Future Operationally Resilient Ground Evolution, or FORGE, Enterprise Overhead Persistent Infrared, or OPIR, Solution contract is intended...
Leidos posted $4.2 billion in fiscal year 2025 first-quarter revenue, reflecting a 7 percent year-over-year increase, and attributed the revenue growth to increased demand across all customer segments. Q1 2025 Financial Highlights In an earnings release published Tuesday, the defense and IT services contractor said it ended the quarter with a total ...
Mike Lisman has been selected as the next president and CEO of the TransDigm Group, succeeding Kevin Stein, who will officially retire on Sept. 30. The Cleveland-based company specializing in engineered aircraft components said Tuesday Stein will remain an adviser until March 31, 2026, to guide Lisman through the transition. He will also c...
QinetiQ US has secured a contract from Integris Composites to provide LAST Armor, a protective armor technology, for the U.S. Army’s Future Long Range Assault Aircraft, or FLRAA, program. In a statement published Wednesday, Christopher Forrest, executive vice president of advanced robotics and mission solutions at QinetiQ US, said the company ...
Rite-Solutions, a software development and systems engineering company, has secured a cost-plus-fixed fee Small Business Innovation Research Phase III contract from the U.S. Navy to support the service’s next-generation attack submarine program SSN(X) Combat Systems of the Future. The contract includes options that, if exercised, could increas...
Mercury Systems has finalized the acquisition of Star Lab, in line with efforts to continue advancing the company’s capabilities to deliver secure processing technologies to the aerospace and defense industries. Enhancing Cybersecurity Capabilities The Andover, Massachusetts-based technology company said Thursday Star Lab is now part...
KBR has promoted Mark Kavanaugh, most recently a senior vice president, to president of defense, intelligence and space. Kavanaugh announced his new position in a LinkedIn post published Thursday. In this capacity, he will oversee KBR’s science and space, national security solutions, and defense and technology solutions, or DTS, portfolios und...
