Mark Cravens, a U.S. Marine Corps veteran who formerly served as general manager at USfalcon, has been promoted to vice president of operations at the Colorado-based professional services company. In his new role, Cravens will oversee strategic and operational functions within USfalcon’s air and space operations group, the company said Thursday. C...
Carroll Lane, an aerospace and defense industry veteran, has joined Kaman (NYSE: KAMN) as a senior vice president and president of the company’s air vehicles and precision products divisions. He succeeds the retiring Darlene Smith and brings to Kaman his expertise in strategic planning, investor relations and profit and loss management, the compan...
Richard Breckenridge, a retired U.S. Navy vice admiral who transitioned to the industry following his military career, has assumed a new role at Northrop Grumman (NYSE: NOC) as vice president at its aeronautics systems business. In a LinkedIn post, Breckenridge said he is assuming the position of VP of strategy and business development at Northrop...
Leonardo DRS and Israel-based RADA Electronic Industries (Nasdaq: RADA) have agreed to merge in an all-stock transaction to form a public company focused on providing advanced sensing and force protection systems in the defense market. The boards of directors of both companies approved the deal and both parties expect to close the transaction in the...
Marcus Fowler, a U.S. Marine Corps veteran and a former senior official at the CIA, has been appointed CEO of Darktrace’s newly established division that offers artificial intelligence-based cybersecurity tools to U.S. military, intelligence and civilian agencies. His appointment comes three months after Darktrace Federal launched to help federal ...
C4 Planning Solutions, a Georgia-based managed information technology services provider, has won a potential $249 million contract to provide tactical systems support to the U.S. Marine Corps. The TSS-3 contract covers engineering services for command, control, communications, computers and intelligence platforms that U.S. forces have deployed acros...
Shay Assad, a more than four-decade defense business veteran, has joined George Mason University’s Center for Government Contracting as a non-resident senior fellow, GMU said in a monthly update. He previously served as director of pricing at the Department of Defense from June 2011 to December 2018 and advised DOD on weapons and automated inf...
Top U.S. Navy officials are pushing for more unmanned vehicles and finding new applications for existing platforms as the service redesigns for a new era of near-peer competition. Carlos Del Toro, secretary of the Navy, said that in today’s threat environment, which is “characterized by rapid mobility, anti-access/aerial denial systems and cyber...
The joint venture of Boeing (NYSE: BA) and Textron‘s (NYSE: TXT) Bell subsidiary build four MV-22B tiltrotor aircraft for the U.S. Marine Corps under a $302.1 million contract modification awarded by Naval Air Systems Command. The Navy will use its aircraft procurement funds for fiscal 2022 to provide the full amount to Bell Boeing Joint...
Terran Orbital (NYSE: LLAP) began trading common stock and warrants on the New York Stock Exchange Monday as a result of the Boca Raton, Florida-based small satellite builder’s merger with special purpose acquisition company Tailwind Two. The newly public company said Monday its revenue backlog sits at more than $200 million and will work to...
