Raytheon Technologies (NYSE: RTX) reported $17.2 billion in sales during the first quarter of 2023, up 10 percent from the prior-year period, and saw earnings for the period rise 6 percent to $1.22 per share. The Arlington, Virginia-based aerospace and defense contractor said Wednesday it ended the quarter with a record backlog of $180 billion...
Lockheed Martin (NYSE: LMT) has booked a potential $2.45 billion contract modification from the U.S. Army to produce guided air and missile defense systems. The aerospace and defense contractor will manufacture the Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 missiles at its facility in Grand Prairie, Texas, through the e...
Marc Peterson, most recently vice president of strategic programs at Qualis, has been promoted to senior VP of warfighter services and test range programs at the Huntsville, Alabama-based government technical services contractor. He will oversee a portfolio of programs with the U.S. Air Force, U.S. Army and the U.S. Space Force and the delivery of...
Donald LaRocco, a 22-year veteran of Naval Air Systems Command, has joined Crestwood Technology Group as executive vice president of government programs, LaRocco announced his new role at CTG in a LinkedIn post on Tuesday and came to the New York-based supply chain management services provider from his prior role as global head of Noble’s...
The Missile Defense Agency intends to award a potential 10-year, $4.1 billion follow-on contract to Lockheed Martin (NYSE: LMT) to extend work on the Command and Control, Battle Management and Communications System. According to a SAM.gov notice for C2BMC Next, Lockheed’s rotary mission systems business is currently the only contractor with in...
Photo Contributor: Tsuguliev/Shutterstock The defense industry is one of the world’s largest and most competitive industries. The U.S. federal government agencies under the Department of Defense are actively procuring defense products and upgrading existing systems with the latest technology to strengthen the nation’s military fo...
Executive Mosaic is thrilled to announce the 2023 Wash100 induction of Lieutenant General Robert Skinner, the dual-hatted director of the Defense Information Systems Agency and commander of Joint Force Headquarters of the Department of Defense Information Network. Skinner, a standout in this year’s crop of public sector Wash100 awardees, earn...
C5ISR is shaping today’s battlefield. As the Department of Defense’s JADC2 initiative moves forward, connectivity, security and speed in the defense landscape are growing ever more critical to fighting and winning conflicts of the future. Chris Brady, president of General Dynamics Mission Systems, revealed five of the top command, control, compu...
Raytheon Technologies (NYSE: RTX) has received a potential one-year, $650.4 million contract modification from the U.S. Navy for the production and delivery of 15 Next Generation Jammer Mid-Band ship sets. The Department of Defense said Thursday 11 of the lot 3 low-rate initial production NGJ-MB ship sets will go to the Navy and the rest...
In light of recent advancements in autonomous technologies, the Department of Defense has made tremendous efforts to understand the role of these tools in warfighting operations and fully harness the benefits autonomy can provide. When implementing these technologies, cultivating a relationship between human operators and new technology is cruc...
