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Boeing Wins $805M Navy Unmanned Aerial Refueler EMD Contract; Leanne Caret Quoted

Boeing (NYSE: BA) will build four MQ-25 Stingray carrier-based drones for the U.S. Navy under a potential six-year, $805.3M engineering and manufacturing development contract. “As a company, we made an investment in both our team and in an unmanned aircraft system that meets the U.S. Navy’s refueling requirements,” Leanne Caret, president and CEO of Boeing’s …

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Boeing to Buy Small Satellite Developer Millennium Space Systems; Leanne Caret Quoted

Boeing (NYSE: BA) has agreed to purchase El Segundo, Calif.-based Millennium Space Systems for an undisclosed sum in an effort to broaden its portfolio of space and satellite platforms. Boeing said Thursday it expects the acquisition to conclude by the end of the third quarter of 2018 and will operate …

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David Johnson Named Honeywell Federal Solutions VP

David “DJ” Johnson, an 11-year Honeywell (NYSE: HON) veteran, has been named vice president of the industrial conglomerate’s newly created federal solutions business, GovConWire has learned. He will work through the business’ Washington, D.C.-based office to manage contracts with the Energy Department, National Nuclear Security Agency and other government agencies. HFS …

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Boeing Vet Chris Raymond to Lead Embraer Integration

Chris Raymond, vice president and general manager of autonomous systems at Boeing’s (NYSE: BA) defense, space and security business, will lead the integration of Embraer’s engineering operations and products with those of the Chicago-based company, the Puget Sound Business Journal reported Saturday. Greg Smith, Boeing’s chief financial officer, announced Raymond’s appointment …

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Randy Phillips Named Leidos Corporate Dev’t SVP; James Reagan Comments

Randy Phillips, senior vice president for corporate development at Ellucian, has joined Leidos (NYSE: LDOS) in the same capacity. He will oversee Leidos’ strategic growth and development efforts through mergers and acquisitions, the company said Monday. “Phillips has been guiding transactions in our sector for many years, helping to define …

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Navy Picks 22 Firms for $980M Training System Design, Production IDIQ

The U.S. Navy has awarded 22 companies spots on a potential five-year, $980 million contract to design, build and manufacture training systems and related devices. The service received 40 proposals for the firm-fixed-price, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract that will run through November 2023, the Defense Department said Friday. The contractors will …

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Bart & Associates President Jonathan Evans Adds CEO Title

Jonathan Evans, president of Bart & Associates since 2015, has assumed additional duties as CEO of the McLean, Va.-based government information technology services contractor. Evans’ appointment took effect Friday, June 1, after he was elected by the board of directors to succeed Kion Yap, who will continue to serve as a …

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PwC: Aerospace & Defense Industry Reported $728B in 2017 Revenue

A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …

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Boeing Signs $3.2B Cash Deal for Aircraft Parts Maker KLX

Boeing (NYSE: BA) has agreed to purchase aviation parts and services provider KLX (Nasdaq: KLX) for approximately $3.2 billion cash in a move to grow its services business. Boeing said Tuesday it will pay $63 per share in cash and assume $1 billion in net debt from the Wellington, Florida-based aerospace parts …

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Govini Report: Federal Investment in Space, Hypersonic Tech Hit $83B in FY 2011-2017

A Govini report says U.S. government investments in space and hypersonic technologies from fiscal years 2011 through 2017 reached approximately $83 billion and annual government spending on such platforms rose by 6 percent over the period, SpaceNews reported Sunday. United Launch Alliance ranked first in the top 15 vendors list …

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