Mercury Systems said this week the company is "leaning in" on COVID-19 testing, as it expects the pandemic to continue to create new risks throughout its fiscal year 2021, which started in early July.
Monday, April 29, 2024
Monday, April 29, 2024
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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.
Mercury Systems said this week the company is "leaning in" on COVID-19 testing, as it expects the pandemic to continue to create new risks throughout its fiscal year 2021, which started in early July.
A top Parsons executive said today the company has won more than $100 million this year in other transaction agreements.
BWX Technologies' chief executive confirmed today that the company is “not likely” to pursue future naval missile tube work and will repurpose parts of the Indiana facility being used to build missile tubes.
Leidos today said sales in its defense solutions business grew 13% during the most recent quarter to hit nearly $1.8 billion.
EverWatch said this week it has acquired Annapolis Junction, MD-based BrainTrust, which provides software engineering, machine learning, cloud engineering and other technology to intelligence and defense agencies.
Perspecta said today it has named Damian DiPippa senior vice president and general manager of its intelligence group.
Defense contractors continue to report quarterly earnings this week, while the Space and Missile Defense Symposium goes virtual. The Senate Armed Services Committee is slated to consider several Pentagon nominees.
The Defense Department said today it has entered into a $31 million agreement with New Castle, PA-based North American Forgemasters to "sustain and increase critical industrial base capability for domestic production of ultra-large iron and steel forging in support of the U.S. Navy and Naval Nuclear Propulsion Program."
Booz Allen Hamilton said today sales in its most recent quarter were just shy of $2 billion, up about 7% from the same three-month period a year earlier.
L3Harris Technologies said today it has seen recent growth in its maritime business, pointing to a new Navy contract win.
The chief executive of Northrop Grumman said today she chose not to sign recent letters sent to Capitol Hill urging funding for coronavirus relief because her company has seen a reduced impact and she wants to focus on continuing to limit the damage.
Several defense contractors this week said sales rose during the most recent quarter, despite the ongoing pandemic.
Science Applications International Corp. said today it has named former defense official Steffanie Easter vice president of strategy and planning in its defense systems group.
Boeing said today it recorded a $151 million charge during the most recent quarter on its KC-46A tanker program "primarily driven by additional fixed cost allocation resulting from lower commercial airplane production volume due to COVID-19."
General Dynamics reported a $40 million charge in a program at its information technology business in its most recent quarter because the company is unable to get its employees to the European worksite, according to its chief executive.
Aerojet Rocketdyne said this week sales in its most recent quarter totaled $512 million, up nearly 6% from the same three-month period a year earlier.
The chief executive of Raytheon Technologies said today the company is not expecting defense spending growth in the coming years, but it is confident in its backlog and success in classified and cyber work.
The head of Airbus U.S. Space & Defense says the company has reshaped to focus on pursuing space and intelligence work, bringing on new advisers and expanding its workforce.
Many of the largest defense contractors will discuss their respective quarterly earnings this week, while several defense officials will speak at virtual events.
The Pentagon said today it is investing $77.3 million in three different companies to "sustain and strengthen essential domestic industrial base capabilities and defense-critical workforce in the aviation, rare earth materials, and electronics industries."