General Atomics said this week it has acquired Tiger Innovations, which specializes in hardware and software design for spacecraft and space-related systems.
Wednesday, April 24, 2024
Wednesday, April 24, 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.
General Atomics said this week it has acquired Tiger Innovations, which specializes in hardware and software design for spacecraft and space-related systems.
In a new report released today, the National Defense Industrial Association, partnered with Govini, gives the health and readiness of the defense industrial base a "C" grade, unchanged from last year.
NuWave Solutions and PCI Strategic Management, both owned by private-equity firm AE Industrial Partners, said today they have merged to form BigBear.ai.
L3Harris Technologies said today sales in its most recent quarter reached $4.7 billion, down almost 4% from the same three-month period a year earlier.
Booz Allen Hamilton executives said today the company saw a reduction in headcount during its most recent quarter because of lower recruiting rates and the divestiture of a small defense contract.
Lockheed Martin said today Jim Taiclet, its chief executive and president, will serve as chairman of its board of directors, effective March 1.
Private-equity firm AE Industrial Partners said today it has acquired UAV Factory to serve as a new unmanned technology platform.
Northrop Grumman said today it will exit by the end of the year a contract it inherited through acquiring Orbital ATK that supports testing cluster munitions components.
Textron Systems said today sales in its most recent quarter totaled $357 million, down almost 11% from the same three-month period a year earlier.
General Dynamics said today it has consolidated its mission systems and information technology units into a single reporting unit, called technologies, "to better reflect the way we are running the business, the overlap and commonality of customers, and customer demand for end-to-end solutions melding technology, hardware and software."
Boeing said today its defense business recorded a $275 million pre-tax charge last quarter related to the KC-46 tanker program. The charge brings Boeing’s total charges to $5.1 billion -- higher than the $4.9 billion ceiling set in its development contract.
Perspecta said today it has agreed to be acquired by Peraton and its private-equity owner Veritas Capital in a deal worth $7.1 billion.
Raytheon Technologies said today it is no longer expecting to complete an anticipated deal with a Middle Eastern country.
Lockheed Martin is preparing a plan on the future of work, which it says will result in a footprint reduction of at least 2 million square feet in the coming years.
Raytheon Technologies, which has been cutting costs in its commercial business to cope with the ongoing pandemic, said today it will also make changes in its defense work.
The chief executive of Huntington Ingalls Industries says the company, which has made multiple unmanned acquisitions in recent years, will continue to keep spending in the area.
With the acquisition of DynCorp International under its belt, Amentum is now assessing the two companies' business systems, technology and processes as it prepares for a reorganization, according to Amentum's chief executive.
Huntington Ingalls Industries said today it has named Stephanie Sullivan to its board of directors, effective Feb. 15.
This inauguration day INSIDER Daily Digest has news on a missile defense test, President Biden’s defense secretary nominee, the Army’s arctic plans and more.
Raytheon Technologies said today it has promoted Michael Dumais to chief transformation officer "to drive high-impact business transformation initiatives over the next 12 months."