L3 Technologies said today it is consolidating two business units to “maximize growth and improve its integration and collaboration.”
Tuesday, August 21, 2018
Tuesday, August 21, 2018
Marjorie Censer is Inside Defense's editor. She previously worked at the Washington Post and its local business publication Capital Business, covering defense industry reshaping, the increased scrutiny of contractors following the Edward Snowden case and the challenges of canceling military programs. From 2007 to 2010, she was managing editor of Inside the Army. She also previously worked as defense editor at POLITICO and as a staff writer at the Carroll County Times and the Princeton Packet. A Fairfax native, she graduated from Princeton University.
703-562-8735L3 Technologies said today it is consolidating two business units to “maximize growth and improve its integration and collaboration.”
Raytheon said today it has named Sally Sullivan vice president of U.S. business development and Ed Fortunato vice president of government relations.
Aerojet Rocketdyne said today it has named Jim Maser senior vice president of its space business unit.
Lynn Dugle, Engility's chief executive, said during a call with analysts today the contractor is seeing a much higher percentage of its existing programs being extended -- and often expanded -- rather than being recompeted.
Facing a new regulations regime under the Trump administration, the Pentagon has been delayed in turning the provisions in recent defense authorization legislation, among other required changes, into rules for the defense acquisition system.
The Pentagon's defense pricing office and the Defense Contract Management Agency are set to soon enter into a memorandum of agreement to clarify their roles on commercial item policies and determinations and document a funding plan for the commercial item database, according to a new letter from a top DOD official.
Aerojet Rocketdyne said this week sales in its most recent quarter reached $467 million, up almost 2 percent from the same three-month period a year earlier.
Harris said today sales during its most recent quarter reached $1.7 billion, up 8 percent from the same three-month period a year earlier. The company's chief executive called it the highest revenue growth in the last seven years.
Booz Allen Hamilton said today sales during its most recent quarter hit $1.6 billion, up 8 percent from the same three-month period a year earlier.
Defense contractors continue to report quarterly earnings this week, while the Association of the United States Army hosts a daylong event on cyberspace.
The MITRE Corp. said this week it has named David Powner director of strategic engagement and partnerships.
The defense industrial base report, which is at the White House, focuses on the defense supply chain down to "the granular level," according to the Pentagon acquisition chief.
Rockwell Collins said today its government systems unit recorded a 13 percent sales boost in its most recent quarter.
The Justice Department said today 3M has agreed to pay $9.1 million to resolve allegations it knowingly sold defective dual-ended combat arms earplugs to the U.S. military.
HDT Global said today it has acquired the business and assets of Spec Ops, which makes and integrates C4ISR platform systems for use by military, emergency management, intelligence, security, first responder and civil preparedness organizations.
Some of the largest defense contractors today reported sales boosts in their most recent quarters.
General Dynamics and Northrop Grumman, with new acquisitions under their belts, today reported sales increases during their most recent quarters.
Hitachi subsidiary Hitachi Vantara said Tuesday it is set to acquire REAN Cloud, which earlier this year won a high-profile and controversial deal from the Pentagon for cloud services.
Cubic said today its subsidiary ISR Systems has acquired the assets of Shield Aviation, which provides autonomous aircraft systems for intelligence, surveillance and reconnaissance services.
Lockheed Martin today reported sales in its most recent quarter reached $13.4 billion, up from $12.6 billion in the same three-month period a year earlier.