GovConWire's Government Contracting News 6/21/2022

Leonardo DRS and Israel-based RADA Electronic Industries (Nasdaq: RADA) have agreed to merge in an all-stock transaction to form a public company focused on providing advanced sensing and force protection systems in the defense market. The boards of directors of both companies approved the deal and both parties expect to close the transaction in the

Northrop Grumman (NYSE: NOC) has secured a $458 million sole-source contract from the U.S. Navy to provide a range of services that will support ballistic missile submarines over a more than five-year period. The company’s marine systems business will perform shipyard field operations, hardware production, systems engineering, program management, documentation and logistics under the Columbia

Jay Atkinson, formerly director and assistant general counsel for mergers and acquisitions at General Dynamics (NYSE: GD), has been promoted to vice president and general counsel of the company’s Electric Boat subsidiary. Atkinson announced his new position in a LinkedIn post published Monday. He joined the Reston, Virginia-based government contractor in March 2020 after a

General Dynamics‘ (NYSE: GD) information technology business was awarded the eighth spot on The Washington Post’s 2022 list of Top Workplaces in the DC metro region, ranking among other large companies. The anual award recognizes a company’s employee diversity, inclusiveness and other aspects of workplace culture and is based on employee survey results from an

A new McAleese & Associates report indicates that defense stock prices have spiked 18 percent to 20 percent year-to-date and outperformed the S&P 500 as sector investors react to the Russian invasion of Ukraine. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, noted investors see a 10 percent spike in Department

Austal‘s ship manufacturing business in Mobile, Alabama, will design and build a medium auxiliary floating dry dock for the U.S. Navy under a potential $128.1 million firm-fixed-price contract. Naval Sea Systems Command received two offers for the project via a competitive procurement on SAM.gov, the Department of Defense said Friday. The firm-fixed-price contract includes $98,620

ExecutiveBiz featured Allyson Fryhoff, managing director of nonprofits at Amazon Web Services, in a recent Executive Spotlight interview published Friday. She talked about the most significant modernization challenges facing nonprofits and how the company helps customers take advantage of cloud to support their efforts. Fryhoff also shared how AWS is moving to enhance training and

Software startup Epsilon3 has secured $15 million in a round of Series A financing led by Lux Capital and will use the investment to expand its line of space project management platforms, SpaceNews reported Monday. Epsilon3 offers a web-based platform that offers collaboration tools customized for spacecraft manufacturing and operations and seeks to replace word