Norsk Titanium, which manufactures aerospace-grade titanium components, said today it has hired three new defense industry executives.
Friday, April 19, 2024
Friday, April 19, 2024
Marjorie Censer was Inside Defense's editor until July 2021. 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.
Norsk Titanium, which manufactures aerospace-grade titanium components, said today it has hired three new defense industry executives.
Today, we'll start with news from the weekend's Reagan National Defense Forum, held in California. The event featured a who's who of speakers, from top defense officials to industry executives to Capitol Hill leaders.
Speaking at the Reagan National Defense Forum on Saturday, Marine Corps Commandant Gen. Robert Neller said he's committed to doing his part to speed the military acquisition process.
Defense industry executives and Pentagon officials said this weekend the pressure is on to innovate, given the advances of other countries' military capabilities.
In an investor day held this week, executives at the soon-to-be-created CSRA said the company will be well positioned in a changing government services market.
The parent company of DynCorp International reported today that sales in the contractor's most recent quarter fell to $479.8 million, down from $540.3 million in the same three-month period the prior year. The company reported a quarterly loss of $15.7 million, down from a loss of $71.5 million a year earlier.
Lockheed Martin said today its acquisition of Sikorsky from United Technologies Corp. is complete, marking the end of one of the largest defense industry transactions in recent years.
Industry advocates say the False Claims Act, meant to help root out fraud and abuse by government contractors, is instead being used to punish companies for rogue employee actions or mistaken contract non-compliance, putting companies in a difficult position.
Tony Smeraglinolo, Engility's chief executive, said today the contractor over the past year has "nearly doubled the average bid size of our proposals."
Huntington Ingalls announced Thursday that sales in its most recent quarter hit $1.8 billion, up nearly 5 percent from the same period a year earlier.
Defense contractor Vectrus on Thursday reported that sales in the company's most recent quarter were essentially flat, while profit hit $14 million, up from $2.1 million in the same period the prior year.
Computer Sciences Corp. said today its board has approved proceeding with the separation of its U.S. public sector-focused business, which will be known as CSRA.
Northrop Grumman, which at the Annual Association of the United States Army conference last month unveiled a light reconnaissance vehicle, expects the "Hellhound," as it's known, to potentially sell abroad.
Jim Reagan, chief financial officer of Leidos, said today the company has examined many of the potential acquisitions available, but they have not met its standards.
As the Defense Department focuses its attention on Silicon Valley entrepreneurs, it will have to make a compelling case to these companies, one member of the new group focused on building these relationships said Tuesday.
Lockheed Martin said today it has received the final regulatory approval it needs to close its purchase of Sikorsky from United Technologies Corp.
In a new white paper, consulting firm Avascent says it continues to expect major shifts within the defense industrial base, driven by federal budget contraction, reliance on lowest-price, technically acceptable contracting and minimal restructuring before this year.
NetCracker Technology has agreed to pay $11.4 million and Computer Sciences Corp. has agreed to pay $1.35 million to resolve allegations they used individuals without security clearances on a Defense Information Systems Agency contract, the Justice Department said Monday.
Booz Allen Hamilton said today it has purchased the software services unit of SPARC, meant to bolster the contractor's agile software development capabilities.
The GAO has upheld a protest filed by General Dynamics against a Naval Sea Systems Command contract awarded to Lockheed Martin.