Tag Archives: textron

Ian Walsh to Succeed Neal Keating as Kaman President, CEO

Ian Walsh Incoming CEO Kaman

Ian Walsh, former chief operating officer at REV Group and a nearly two-decade veteran of Textron (NYSE: TXT), will join Kaman (NYSE: KAMN) to serve as president and CEO beginning Sept. 8. He will suceed Neal Keating, who is due to retire from Kaman during its 2021 shareholders meeting, the aerospace company said Thursday.

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Defense Contractors Ask Government to Backfill DoD Money Used to Cover COVID-19 Expenses

Pentagon

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.

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Six Firms Win Spots on $975M SOCOM UAS ISR Contract

SOCOM

U.S. Special Operations Command has awarded six companies positions on a potential $975M indefinite-delivery/indefinite-quantity contract to provide intelligence, surveillance and reconnaissance services with mid-endurance unmanned aircraft systems.

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Aerospace Defense Firms Launch Measures to Avoid COVID-19 Spread; Ellen Lord Quoted

aerospace-defense-firms-launch-measures-to-avoid-covid-19-spread-ellen-lord-quoted

Boeing (NYSE: BA), Textron’s (NYSE: TXT) Bell subsidiary and other aerospace defense manufacturers have increased cleaning efforts and implemented telework capabilities, social distancing and other measures to prevent the spread of the coronavirus and maintain operations, FlightGlobal reported Friday. Other companies that have initiated similar efforts are Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), Sikorsky and AeroVironment.

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Bell, Sikorsky-Boeing Team Awarded Army Future Assault Aircraft Demo, Risk Reduction Contracts

The U.S. Army has awarded contracts to Textron’s (NYSE: TXT) Bell subsidiary and a team of Boeing (NYSE: BA) and Lockheed Martin’s (NYSE: LMT) Sikorsky business to proceed with the competitive demonstration and risk reduction effort for the Future Long-Range Assault Aircraft program, Defense News reported Monday.

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