A Lockheed Martin (NYSE: LMT) executive has said the company submitted a bid to develop a next-generation interceptor system for the Missile Defense Agency to counter adversaries' intercontinental ballistic missiles, Defense News reported Monday....
BAE Systems has finalized its acquisition of the military GPS business of Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary. BAE agreed to buy the military GPS business for $1.925B in cash in January and expects the transaction to expand its existing portfolio of electronics systems, the company said Friday....
The Senate has proposed a COVID-19 pandemic relief package that would earmark at least $7B in funds for the procurement of military aircraft, shipbuilding, missile defense systems and other weapons systems, Defense News reported Monday....
Intel (Nasdaq: INTC) has named Allen Thompson, formerly an executive director at Raytheon Technologies (NYSE: RTX), vice president of U.S. government relations to oversee the chipmaker's state and federal communications initiatives....
Steven Webster, former president of Planned Systems International’s Kinex subsidiary, has been named president of the federal civilian sector at PSI....
Raytheon Technologies’ (NYSE: RTX) missiles and defense business has received a $125.9M contract modification to continue manufacturing Enterprise Air Surveillance Radars for the U.S. Navy’s amphibious ships, carriers and frigates....
Raytheon Technologies' (NYSE: RTX) Collins Aerospace business has secured a $126M contract to research, develop, build and sustain common avionics architecture systems for the U.S. Special Operations Command....
Raytheon Technologies (NYSE: RTX) has secured an $88M U.S. Navy contract modification to manufacture common part kits and spare components for lightweight torpedoes designed to track and attack underwater targets....
BAE Systems plans to develop a $139M classified facility in Cedar Rapids, Iowa, and create 650 jobs in the city, The Gazette reported Friday. Construction work on the proposed 200K-square-foot defense aerospace facility is expected to kick off by October and conclude by September 2022. Ryan Companies US will serve as the project’s developer....
The State Department has approved potential sales of Raytheon Technologies-built (NYSE: RTX) MK 54 all-up round lightweight torpedoes worth $163.3M combined to the governments of Germany and Belgium....
