A McAleese & Associates report about L3Harris Technologies‘ (NYSE: LHX) financial results for both the fourth quarter and full 2020 fiscal year says the Melbourne, Florida-based government contractor will transition the CEO position from William Brown to Christopher Kubasik, who has served as vice chairman, president and chief operating officer …
Read More »Roger Krone: Leidos Eyes ‘Complementary Acquisitions’ to Continue Growth Push
Roger Krone, chairman and CEO of Leidos (NYSE: LDOS) and 2021 Wash100 awardee, said the company wants to continue pursuing mergers and acquisitions amid the consolidation and competition for big information technology contracts within the federal market, the Washington Business Journal reported Friday. “For us, now is not a time …
Read More »Lockheed Named Largest Contract Recipient in DOD’s Fiscal 2019 State-Level Spending Report
A state-by-state analysis of Department of Defense spending showed Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) took the first three spots on a list of top 10 contract awardees during fiscal year 2019. Lockheed received $45.6B in FY 2019 contracts, while Boeing and Northrop secured …
Read More »SDA Upholds Tracking Layer Tranche 0 Contract Awards to L3Harris, SpaceX
The Space Development Agency upheld its decision to award contracts to L3Harris Technologies (NYSE: LHX) and SpaceX to build missile tracking satellites for the proposed National Defense Space Architecture following the reevaluation of bids for the contracts, C4ISRNET reported Thursday.
Read More »Space Development Agency Asks Vendors to Resubmit Bids for Tracking Layer Tranche 0 Reevaluation
The Space Development Agency has asked companies that competed for contracts to build missile-tracking satellites for the proposed national defense space architecture to resubmit bids for reevaluation, SpaceNews reported Tuesday.
Read More »Northrop Gets $13.3B Ground-Based Strategic Deterrent ICBM Dev’t Contract; Kathy Warden Quoted
The U.S. Air Force has awarded Northrop Grumman (NYSE: NOC) a potential $13.3B contract to build the Ground-Based Strategic Deterrent intercontinental ballistic missile system.
Read More »Daniel Gelston Named CAE Defense, Security Group President
Daniel Gelston, a two-decade intelligence and defense industry leader, will begin serving as president of defense and security group at CAE (NYSE: CAE) on Aug. 24.
Read More »Defense Contractors Ask Government to Backfill DoD Money Used to Cover COVID-19 Expenses
The CEOs of eight defense contractors wrote separate letters to the White House and the Department of Defense saying that the money sourced from DoD’s budget to help companies retain highly skilled employees during the COVID-19 pandemic should be replaced with new funds to prevent military modernization programs from being jeopardized, Reuters reported Thursday.
Read More »L3Harris Subsidiary to Build Navy Submarine Sensor Under Potential $136M Contract
A subsidiary of L3Harris Technologies (NYSE: LHX) has been awarded a potential five-year, $135.8M contract to develop and test an optronic sensor technology for U.S. Navy submarines.
Read More »Heidi Wood Named Interim Defense, Security Group President at CAE
Heidi Wood, an aerospace and defense industry veteran, has been appointed acting president of defense and security group at CAE (NYSE: CAE). She will replace Todd Probert, who will step down on June 26 from his role to join the U.S. national security community, CAE said Tuesday.
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