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Karman Space & Defense has completed an initial public offering, or IPO, raising over $500 million in capital in its stock market debut. Trive Capital said Thursday Karman plans to use the net proceeds from the IPO to buy complementary businesses or technologies, fund capital expenditures and support other general corporate initiatives. Karman C...
The Aerospace Corp. has elected former Department of Defense officials William LaPlante and Frank Calvelli to the board of trustees. “Outpacing the threats our nation faces in space will require a heightened focus on rapid acquisition and deployment and on ensuring critical capabilities connect end-to-end,” Steve Isakowitz, president and...
The Department of State has cleared a potential $100 million foreign military sale of Advanced Precision Kill Weapon Systems, or APKWS, to Saudi Arabia. BAE Systems will be the principal contractor in the FMS, according to an announcement of the Defense Security Cooperation Agency, which notified Congress of the proposed deal Thursday. BAE Sys...
Joanna Tepper, a former Leidos executive, has been elevated to chief growth officer at Tsymmetry. The federal IT and management consulting firm said Thursday Tepper will play an instrumental role in the company’s efforts to enhance its capabilities, develop strong partnerships and drive market growth. The new CGO will leverage her 25 years o...
RTX business Raytheon has received a U.S. Navy contract modification worth approximately $141 million for the procurement of Standard Missile-2 and spares. Scope of Contract Modification The Department of Defense said Thursday the contract action combines purchases for the governments of Japan, Australia, Spain, Germany and the Netherlands under the...
Frontgrade Technologies has acquired Crescend Technologies’ defense solutions division IDSI for an undisclosed sum to expand its portfolio of high-power radio frequency amplifier technologies and deliver comprehensive platforms to help address the evolving challenges facing customers in the aerospace and defense sectors. In a statement publish...
Microsoft has shuffled its executive leadership team to optimize processes and better meet customers’ needs. In a blog post posted Wednesday, Satya Nadella, chairman and CEO of Microsoft, announced the new responsibilities of Kathleen Hogan, who will transition to executive vice president for the Office of Strategy and Transformation, and...
David Flowers announced on LinkedIn Thursday that he has been appointed vice president of business development at LinTech Global, a Dexian company. The new LinTech executive brings extensive experience in program management and government contracting to his new VP role. Flowers served in the defense and space industry, where he held v...
The State Department has approved Australia’s foreign military sale request for countermeasures, chaff and impulse cartridges and related equipment valued at an estimated $165 million. Bolstering Australia’s Aircraft Survivability The Defense Security Cooperation Agency said Tuesday Australia requested to purchase MJU-61 and MJU-64 ...
General Dynamics Information Technology has appointed Patrick Ruhe, a technology leader, as vice president of cloud solutions. Ruhe announced his new role in a LinkedIn post published Wednesday. The appointment marks Ruhe’s return to GDIT, where he served as cloud solutions director and defense cloud capability lead from February 2021 to April...
