An HII (NYSE: HII) business unit will help the U.S. Army Research Laboratory develop, test and evaluate defense systems under a five-year, $94 million task order. HII Mission Technologies will conduct R&D of sensors, weapons and other combat systems for use by mission partners of the Department of Defense, the company said Monday. The parent...
TransDigm Group (NYSE: TDG) has completed the acquisition of aerospace and defense systems testing company Calspan through an approximately $725 million transaction that includes certain tax benefits. Calspan, which owns a transonic wind tunnel facility, is projected to generate $200 million in 2023 revenue, Transdigm said Monday. The Buffalo,...
Mary Petryszyn, former corporate vice president of Northrop Grumman (NYSE: NOC), was named to the board of directors of Saab, according to the Swedish aerospace and defense company. The executive retired from Northrop in mid-January, wrapping up her decadelong career at the company, where she most recently served as president of its defense systems ...
The National Institutes of Health Information Technology Acquisition and Assessment Center has extended for six months the Chief Information Officer-Solutions and Partners 3 and CIO-SP3 Small Business governmentwide acquisition contracts to address the bid protests filed against a potential 10-year, $50 billion follow-on contract for IT platforms an...
The U.S. Navy has awarded American Electronics Warfare Associates an indefinite-delivery/indefinite-quantity contract worth $248.2 million to perform battlespace simulation research and development work. AMEWAS will create tools, models and products for the integrated battlespace simulation and test department under the Naval Air War...
General Dynamics‘ (NYSE: GD) information technology unit has won a $137.9 million contract to modernize a personal area network system of systems for the U.S. Air Force and foreign military sales customers. The GDIT business will support Special Warfare Assault Kit technology refresh, tactical air control party modernization and Guardian Angel...
Over time, acquisition processes in the federal government, particularly in the Department of Defense and space realms, have become more flexible and amenable to specific situations and users. In the last half decade or so, veteran DOD servants say changes such as these and others have breathed new life into the development and production of...
Lockheed Martin’s (NYSE: LMT) space segment will streamline its five business lines into three as part of a realignment initiative meant to improve the delivery of space capabilities to customers, facilitate collaboration with suppliers and partners, better address emerging threats and further advance growth and innovation. Maria Demaree, most...
U.S. Vice President Kamala Harris and other administration officials met with the chief executives of Alphabet, Anthropic, Microsoft (Nasdaq: MSFT) and OpenAI to discuss the importance of responsible innovation in the artificial intelligence field. The meeting came after the White House unveiled initiatives to ensure AI technology adoption will not ...
HII (NYSE: HII) logged first-quarter revenue of $2.7 billion, up 3.8 percent from prior-year period figures, and the company attributed the growth to strong performance by its Newport News Shipbuilding and Mission Technologies divisions. The company said Thursday net earnings for the quarter totaled $129 million, or $3.23 per share, compared to $140...
