Harris said today that sales in its most recent quarter reached $1.9 billion, up from $1.2 billion in the same three-month period a year earlier.
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.
Harris said today that sales in its most recent quarter reached $1.9 billion, up from $1.2 billion in the same three-month period a year earlier.
Insitu, a wholly owned subsidiary of Boeing, said today it has formed a new commercial business unit to use its experience in unmanned systems to win work in the unmanned commercial aerial data collection market.
GAO has sustained a protest filed by M7 Aerospace over a Navy contract for maintenance and logistics support services for the F-5 Adversary aircraft fleet.
Two industry groups have sent a letter to Pentagon acquisition chief Frank Kendall arguing the Defense Information Systems Agency is wrongly using the lowest-priced, technically acceptable contracting approach for its multiple-award vehicle, worth up to $17.5 billion.
A panel of defense industry insiders this week downplayed the recent statement from the Justice Department and the Federal Trade Commission related to industry consolidation.
Oshkosh said today sales in its defense business during its most recent quarter grew 87 percent to hit $297 million.
Raytheon said Thursday sales in the defense contractor's first quarter grew nearly 9 percent to reach $5.8 billion.
CACI International reported this week that sales in its most recent quarter grew nearly 20 percent to hit $977.3 million.
Forcepoint, the cybersecurity company created by Raytheon through a deal with Websense, said this week that its board has named Matthew Moynahan chief executive, effective May 9.
ManTech International and NCI today both reported sales and profit growth in their most recent quarters.
NEW YORK -- L-3 Communications, one of the nation's largest defense contractors, is quietly remaking itself by jettisoning its less-profitable services work and pursuing additional international and commercial sales.
Sales were mostly flat for some of the largest defense contractors during their most recent quarters, companies reported Wednesday.
Boeing on Wednesday reported a $156 million after-tax charge on the KC-46 tanker program, marking the company's third charge on the program and bringing the total amount of the charges to nearly $1 billion.
A new task force, organized by the Center for a New American Security, is set to explore how the next administration can best manage the changing U.S. defense industrial base. (Updated April 27)
With the successful clearance of the U.S. government antitrust review, the deal to merge Lockheed Martin's IT services business with Leidos is moving closer to completion, according to Lockheed chief executive Marillyn Hewson.
Under Secretary of Defense for Policy Christine Wormuth will step down in June, according to a statement issued today by Defense Secretary Ash Carter.
Nonprofit research and development organization SRI International said this week it has spun off a venture dubbed Superflex to develop cutting-edge wearable robotics.
Rockwell Collins said today that sales in its government systems business dropped during the company's most recent quarter.
Three Silicon Valley chief executives said Tuesday they want to continue working with the Pentagon, but need a speedier path to sales.
BAE Systems' U.S. business said today that retired Navy Adm. Jonathan Greenert has been appointed to a three-year term on its board of directors.