Virgin Orbit and blank check company NextGen Acquisition Corp. II (Nasdaq: NGCA) have agreed to merge that would result in the satellite launch services provider becoming a publicly traded company with an enterprise value of approximately $3.2 billion. The boards of directors of Virgin Orbit and NextGen have cleared the transaction and both parties ...
Boeing (NYSE: BA) has secured a $487 million contract from the U.S. Army for the provision of engineering services and technical support to the service branch’s Apache AH-64 attack helicopters through Feb. 6, 2026. The cost-plus-fixed-fee contract awarded by the Army Contracting Command has task orders that will determine work locations and fu...
Boeing (NYSE: BA) has teamed up with AE Industrial Partners to create AEI HorizonX, an independent venture capital group that will combine the aerospace, technology and private equity expertise of both companies to promote start-up innovation. Boeing said Thursday AEI HorizonX will further support sustainability and will focus on investments in conn...
Boeing’s (NYSE: BA) defense, space and security business reported $6.87 billion in sales during the second quarter of 2021, reflecting a 4 percent increase from the prior-year period. The company said Wednesday the BDS segment’s revenue jump for the quarter was driven by a higher volume on KC-46A tanker and P-8A Poseidon maritime patrol aircraft...
Shane Arnott, a more than 25-year aerospace and defense industry veteran, has joined defense technology company Anduril Industries as chief engineer, GovCon Wire has learned. He will help Anduril modernize defense capabilities in support of the U.S. and its allies using his technical expertise in concept development, autonomy and simulation. Prior t...
Fourteen companies have won spots on a potential 10-year, $2.41 billion contract to help the U.S. Army operate, modernize and secure a network of government-controlled facilities for hosting large-scale military cyber mission force events. Contractors will compete for individual orders to provide event planning and execution, site security, informat...
Jeff Shockey, most recently vice president of global sales and marketing for Boeing‘s (NYSE: BA) defense, space and security business, has been appointed senior vice president of global government relations at Raytheon Technologies (NYSE: RTX). Shockey will succeed Timothy McBride, who will formally depart his role later this year, and will co...
The U.S. Army has issued a request for proposals to Textron’s (NYSE: TXT) Bell subsidiary and to the team of Lockheed Martin’s (NYSE: LMT) Sikorsky business and Boeing (NYSE: BA) as it launches the competition for the Future Long-Range Assault Aircraft program, Defense News reported Monday. The service will accept proposals through the fourth qu...
Germany is set to initiate a foreign military sales process with the U.S. government to buy five Boeing-built (NYSE: BA) maritime surveillance planes for approximately $1.3 billion. The German defense ministry said Thursday it chose the P-8A Poseidon aircraft platform to address a capability gap that arose following the completion of its P-3C Orion ...
Boeing (NYSE: BA) has announced the appointment of Brian West, a finance and business leader, as executive vice president and chief financial officer and the election of Stayce Harris, a retired U.S. Air Force Reserve lieutenant general, to the company’s board of directors. West will officially assume the EVP and CFO roles on Aug. 27...
