The Department of Defense’s fiscal year 2023 budget request includes the largest ever increase in spending for research and development. The $130.1 billion investment request is more than 9.5 percent over the fiscal year 2022 enacted level, and it represents a major milestone in the DOD’s modernization and innovation efforts. To find out more ab...
Dave Walsh, formerly a director at Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace subsidiary, has joined defense technology provider Parry Labs as vice president of engineering. He will be responsible for managing engineering, research and product development efforts in his new role, Parry Labs said Monday. In his most recent capac...
The Federal Aviation Administration has begun seeking information to support the development of a potential 10-year, $10 billion contract to procure information technology hardware and commercial-off-the-shelf software. FAA is looking for original equipment manufacturers capable of providing network infrastructure components, personal computing devi...
In a recent Executive Spotlight interview, Matt Tarascio, senior vice president at Booz Allen Hamilton, talked about the company’s efforts to expand its position in the federal marketplace, drive innovation and ensure long term success for its workforce. The Q&A also tackled the establishment of the Chief Digital and Artificial Intelligenc...
Darby LaJoye, former acting administrator at the Transportation Security Administration, has been named vice president and strategic account executive for the Department of Homeland Security at Leidos (NYSE: LDOS). He will lead efforts to grow the company’s DHS footprint and support organic growth initiatives in his new position, Leidos said F...
Leidos (NYSE: LDOS) has won a $334 million indefinite-delivery/indefinite-quantity contract to support the development of a larger class air-breathing hypersonic system that will employ a standardized payload interface to carry out multiple missions. A Leidos-led team will aim to design a vehicle powered by a scramjet engine and capable of traveling...
Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business has received a $302.2 million undefinitized contract action to produce, deliver and engineer Mark 48 heavyweight submarine-launched torpedoes for the U.S. and Australian navies. Sixty-one percent of contract purchases are for the U.S. Navy and the remaining 39 percent are for Au...
Boston-based Advent International has agreed to purchase Maxar Technologies (NYSE: MAXR) in an all-cash transaction worth approximately $6.4 billion, including debt, that will take the satellite imagery contractor private, the two companies said Friday. The $53-a-share price of the deal is a premium of 129 percent to Maxar’s Thursday closing o...
Image by Kristi Blokhin from Shutterstock.com CACI International (Consolidated Analysis Center, Inc) is a top-tier U.S. federal government contractor based in Reston, Virginia. Most of its customers are from the defense, security, homeland, healthcare, and intelligence departments. In the fourth quarter of the fiscal year 2021, the company’s c...
Jeff Showalter, chief development officer at technical consulting firm John H. Northrop & Associates, will join HII‘s (NYSE: HII) mission technologies division to serve as its vice president of operations, according to his LinkedIn post. The executive has over 25 years of experience in providing professional services as a business consulta...
