Eight members of the independent slate led by Eileen Drake, CEO of Aerojet Rocketdyne (NYSE: AJRD), were elected to the company’s board to serve as directors during the special meeting of shareholders. The slate, including four existing board members, received over 70 percent of the votes cast based on preliminary results and Drake secured the...
Schneider Electric has formed a new team focused on meeting the energy infrastructure needs of U.S. federal government clients and named Jay Owen, a nearly three-decade company veteran, to lead the newly created team. Schneider Electric Federal will provide energy management and industrial automation offerings to government customers and design, mai...
The Naval Air Systems Command has awarded Pratt and Whitney a $4.38 billion contract modification to manufacture engines for the U.S. military’s 15th and 16th F-35 production lots. The Raytheon Technologies-owned (NYSE: RTX) engine builder will provide a total of 152 F135-PW-100 turbofans to the U.S. Air Force, Navy and Marine Corps, the Depar...
The U.S. Navy is refocusing its priorities on cultivating and caring for a strong, capable workforce in the midst of a talent shortage crisis plaguing both government and industry. Navy Secretary Carlos Del Toro said the service is working to identify and pursue new ways to meet the evolving and unique needs of today’s sailors, who...
Lockheed Martin (NYSE: LMT) has received a two-year, $632.1 million contract from Naval Air Systems Command to create software builds and conduct developmental flight tests for the F-35 program. The company’s aeronautics segment will provide logistics, maintenance, engineering and material services to U.S. and international military customers,...
Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $397.7 million contract modification to obtain initial spares for lot 16 F-35 Lightning II aircraft. The award is for deliveries of global spares pool and afloat and deployment spares packages to the U.S. Navy, Marine Corps, Air Force, non-Department of Defense agencies and foreign...
A joint venture between Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTN) will continue manufacturing the Javelin man-portable, anti-tank guided munition for soldiers under a $237.9 million contract modification from the U.S. Army. The service branch used fiscal 2022 missile procurement funds on the award and estimated the partnershi...
Lockheed Martin (NYSE: LMT) has secured a $372.5 million contract modification for the delivery of lots 15 and 16 of F-35 Lightning II aircraft‘s ancillary mission equipment requirements to the U.S. Air Force, Navy and Marine Corps. The Navy award also provides for the fighter jet’s initial spares in support of military customers, non-De...
A joint venture between Black Construction and Tutor Perini has won a pair of task orders worth $124.3 million combined from Naval Facilities Engineering Systems Command Pacific to perform building work at two U.S. military installations in Guam. The first project, valued at $73 million, will involve constructing an electronics-communications mainte...
In a new report, GovCon Expert and three-time Wash100 winner Jim McAleese shares his analysis of individual budget requests by U.S. military branches as part of the $773 billion Department of Defense spending plan for fiscal year 2023. President Biden submitted a $773 billion DOD budget request to Congress in March, up 5 percent from...
