Tag Archives: hypersonics

Roger Krone, chairman and CEO of Leidos (NYSE: LDOS) and a 2020 Wash100 award winner, said during an interview on CNBC’s "Squawk Alley" program aired Tuesday that significant government contracts and major acquisitions will support momentum for the Reston, Va.-based company this year. Shares in Leidos gained 10 percent in midday trade Tuesday.

Executive Mosaic is honored to present Mark Esper, secretary of the Department of Defense, as an inductee into the 2020 edition of the Wash100 for his commitment to implementing the National Defense Strategy and advancing cost-saving measures through reform.

Leidos (NYSE: LDOS) has agreed to acquire Huntsville, Ala.-based technology services contractor Dynetics for approximately $1.65B in cash to further build up its position in the intelligence, civil and defense markets. "The addition of Dynetics will significantly increase our capabilities for rapid prototyping and agile system integration and production, enhancing our overall offerings and services to customers," said Roger Krone, chairman and CEO of Leidos and a 2019 Wash100 winner.

Ken Possenriede, chief financial officer of Lockheed Martin (NYSE: LMT), has said the company forecasts $5B worth of programs within the next couple years to produce hypersonic technology platforms, Inside Defense reported Thursday.

A new McAleese & Associates report says Northrop Grumman (NYSE: NOC) saw its year-to-date backlog rise 22 percent to $65B in the third quarter of 2019 and posted $8.5B in Q3 sales, reflecting a 5 percent increase from the same period last year.

A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) expects a potential $35B block buy contract to be awarded in the fourth quarter of 2019 for lots 12 through 14 of the F-35 fighter jet.

A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) saw its sales in the second quarter of 2019 rise 8 percent to $14.4B primarily driven by sales growth in the company’s missiles and fires control sector and space segment.

Marillyn Hewson, president and CEO of Lockheed Martin (NYSE: LMT) and a 2019 Wash100 winner, said the estimated value of the company’s hypersonic contracts now stands at over $3.5B, Inside Defense reported Tuesday.

A new McAleese & Associates report says the full Senate is expected to decide Tuesday on the nomination of Army Secretary and 2019 Wash100 winner Mark Esper to be the next secretary of the Department of Defense.

Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) have agreed to merge in an all-stock deal that will establish a platform-agnostic technology provider within aerospace and defense segments. The combined company will operate as Raytheon Technologies and be headquartered in the greater Boston metro area upon the deal’s completion, which is expected in the first half of 2020, the firms said in a joint statement published Sunday.