Booz Allen Hamilton (NYSE: BAH) said its move to acquire cybersecurity firm EverWatch would allow it to secure “billions of dollars” worth of contracts and compete with rival contractors such as Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX), Defense News reported Monday. In March, Booz Allen agreed to buy EverWatch as part of...
The State Department has approved a potential $8.4 billion foreign military sales agreement with the German government for 35 units of F-35 Joint Strike Fighter, missiles, related equipment and program support services. The NATO ally also asked to purchase F135-PW-100 engines for the conventional take off and landing aircraft, AIM-120C-8 advanced me...
Raytheon Technologies (NYSE: RTX) posted $16.31 billion in sales for its fiscal year 2022 second quarter, up 4 percent on an organic basis over the prior-year period and reported adjusted earnings per share rose from $1.03 to $1.16 per share. The Arlington, Virginia-based defense and aerospace contractor attributed the higher sales to a strong start...
The State Department has approved the Dutch government’s request to buy from the U.S. government Patriot MIM-104E Guidance Enhanced Missile-Tactical ballistic missiles through a potential $1.22 billion foreign military sales agreement. Raytheon Technologies (NYSE: RTX) will serve as the prime contractor in the proposed transaction that covers tool...
Carroll Lane, an aerospace and defense industry veteran, has joined Kaman (NYSE: KAMN) as a senior vice president and president of the company’s air vehicles and precision products divisions. He succeeds the retiring Darlene Smith and brings to Kaman his expertise in strategic planning, investor relations and profit and loss management, the compan...
Raytheon Technologies (NYSE: RTX) has received a contract from the U.S. Army to develop a prototype of a tactical ground station designed to facilitate long-range precision targeting by detecting and tracking threats. The Tactical Intelligence Targeting Access Node will collect data from terrestrial, space and aerial sensors and deliver targetable d...
Raytheon Technologies (NYSE: RTX) and Northrop Grumman (NYSE: NOC) have received contract modifications worth at least $41 million each from the Missile Defense Agency to further develop their Glide Phase Interceptor designs for MDA’s regional hypersonic missile defense program. MDA exercised options on other transaction agreements awarded in Nove...
Andrew Caso, formerly a finance executive at Pratt & Whitney, has joined Collins Aerospace as vice president of financial planning and analysis, according to his post on LinkedIn. He served as Pratt & Whitney’s VP of finance for more than four years and also held the chief financial officer role focused on transformation and strategy...
Stephen Zhang, a nearly 13-year veteran of Raytheon Technologies (NYSE: RTX) and United Technologies Corp., has joined Virgin Orbit (Nasdaq: VORB) to serve as the launch services provider’s first vice president of investor relations. He will manage Virgin Orbit’s overall investor relations functions and advise the leadership team on matters ...
David Appel, most recently vice president of command and control digital solutions at Raytheon Technologies’ (NYSE: RTX) intelligence and space business, has joined Amazon’s (Nasdaq: AMZN) cloud computing arm as VP of national security, GovCon Wire has learned. He announced his move to Amazon Web Services in a LinkedIn post published Sunday. In ...
