Leonardo’s U.S. subsidiary is set to start trading Tuesday on Nasdaq under the ticker symbol “DRS” after the completion of its all-stock merger with Israel-based RADA Electronic Industries that was first announced in June. The closing of the transaction creates a public company that will offer sensing, network computing, force protection and electric power and
Lockheed Martin (NYSE: LMT) will produce three additional GPS III Follow-On satellites for the U.S. Space Force under a $744 million contract option, SpaceNews reported Monday. The award covers GPS IIIF space vehicles 18, 19 and 20 and marks the fourth contract option that the service exercised under a potential $7.2 billion contract that Lockheed
Madelyne D’Angelo, former chief human resources officer at SOS International, has been appointed to the CHRO position at nonprofit scientific research organization Riverside Research. D’Angelo will manage employee engagement, retention and diversity, equity and inclusion initiatives in her new role, Riverside Research said Monday. Her professional experience includes oversight of business growth programs in the
Raytheon Technologies (NYSE: RTX) will provide the U.S. Navy and several foreign military sale customers with guided missile assemblies as well as related equipment and spares to meet the full-rate production requirements of the Evolved Seasparrow Missile Block 2 program for fiscal years 2021 to 2023. Deliveries will be made under a $397.7 million firm-fixed-price
Client Solution Architects has received a potential three-year award to help the Department of the Navy manage and sustain an information technology system that supports active-duty personnel budget execution. The Naval Supply Systems Command’s Fleet Logistics Center has tasked CSA to continue IT services for the Military Personnel, Navy Appropriation Justification Book Input and Compilation
The State Department has approved a potential $323.3 million foreign military sale of missile systems, manufactured by Raytheon Technologies (NYSE: RTX), and related equipment to the Finnish government. Finland’s FMS request includes 40 AIM 9X Block II tactical missiles, 48 AGM-154 Joint Stand Off Weapon systems and a number of tactical guidance units, dummy air
Matt Veldhuis, a 22-year veteran of Lockheed Martin (NYSE: LMT), has joined Raytheon Technologies (NYSE: RTX) as director of business development within the intelligence and space unit. He will oversee requirements and capabilities related to space intelligence, surveillance and reconnaissance in his new position, according to a LinkedIn post published Monday. Veldhuis previously managed new
Oasis Technology & Engineering has secured a potential five-year, $91.5 million blanket purchase agreement to help the Nuclear Regulatory Commission manage cybersecurity and privacy programs. The single-award BPA will include support for training, situational awareness and Federal Information Security Management Act compliance efforts across the NRC enterprise, the company said Monday. Greg Esses, president of
Phantom Space has received task orders under NASA’s Venture-class Acquisition of Dedicated and Rideshare contract vehicle to send research nanosatellites into space with the use of a company-designed launch vehicle beginning in 2024. The company’s Daytona rocket will carry the payloads on four CubeSat Launch Initiative missions, the agency said Friday. Arizona-based Phantom Space was
A team led by Lockheed Martin (NYSE: LMT) has secured an other transaction agreement with the U.S. Army to support cyber training of up to 17,000 remote-based civilian personnel at the military branch. Amazon Web Services, Aries Security and Ultimate Knowledge Institute are part of the team that will help train Army employees based on the Department of Defense’s
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