Colt Defense said late last week it is edging closer to exiting Chapter 11 bankruptcy protection.
Thursday, May 2, 2024
Thursday, May 2, 2024
Key Issues HADES deployment SAOC contract FORGE framework
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.
Colt Defense said late last week it is edging closer to exiting Chapter 11 bankruptcy protection.
Many federal agencies have little insight into their use of "bridge contracts," which are used to extend the life of an existing contract, and may as a result be overpaying, according to a new report from the Government Accountability Office.
L-3 Communications announced this week it has purchased ForceX and renamed it L-3 ForceX.
Industry advocates are criticizing the way a new interim rule on cybersecurity reporting was put in place, arguing that its immediate effectiveness makes it hard for well-meaning contractors to be in compliance.
Northrop Grumman said today it has named Dan Cloyd corporate director for naval aviation and intelligence, surveillance and reconnaissance programs.
Investment bankers said Thursday that government contracting industry consolidation is likely to continue in 2016, noting that Pentagon officials' comments opposing large-scale mergers likely won't affect contractors that specialize in services.
DRS Technologies has opened what it has dubbed "the Amazon.com" for military spare parts, launching a website meant to make ordering a new nozzle or valve as easy as buying movies online.
BWX Technologies announced this week it has named Rex Geveden chief operating officer, effective Oct. 26.
The number of Pentagon workers with clearances has fallen by about 800,000 in the last two years, according to figures in a recent briefing obtained by the Federation of American Scientists.
Top Thales USA executives said this week the company's global position has helped it weather the U.S. budget downturn while growing its focus and investment in emerging technologies.
Raytheon announced today it has purchased Foreground Security, which specializes in security operations centers, managed security services and cybersecurity professional services.
Rolls-Royce said today it will spend close to $600 million to modernize its manufacturing operations in Indianapolis and to conduct technology research.
Industry observers said this week the Pentagon's opposition to contractor consolidation will likely have a chilling effect on companies seeking to make a deal, while advocates criticized the policy.
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A new report from the Center for Strategic and International Studies has found a "significant decline" in competition for services within the Air Force since 2011.
Networking and communications contractor LGS Innovations on Thursday said it has purchased Axios, which provides communications and signal processing for defense and intelligence agencies.
Top Pentagon officials on Wednesday spoke out forcefully against defense industry consolidation, warning it could result in higher prices and reduced innovation.
The Pentagon announced today that Defense Secretary Ash Carter has assigned Charles Perkins to become principal deputy director for emerging capability and prototyping in the acquisition chief's office.
Two companies announced this week they have hired former Army generals to help grow their businesses.