TOP STORIES OF THE WEEK
The U.S. Air Force has awarded Boeing (NYSE: BA) a potential $2.56 billion contract to build two rapid prototype E-7A Wedgetail airborne early warning and control aircraft and provide lifecycle development, training and other support services for the service branch’s E-7A fleet. The Department of Defense said Friday the award marks the definitization of a $1.2 billion undefinitized contract action awarded in February 2023.
Lockheed Martin (NYSE: LMT) has agreed to acquire satellite maker Terran Orbital (NYSE: LLAP) for approximately $450 million to expand its satellite manufacturing and responsive space capabilities. The transaction is expected to conclude in the fourth quarter of 2024.
Summit Technology Group has appointed Marc Tate , a federal technology industry executive, as executive vice president of federal sales for the company’s public sector business. Tate most recently served as senior director of federal partners at Tanium .
The U.S. Army has launched a potential 10-year, $50 billion acquisition vehicle for information technology and professional services. The Marketplace for the Acquisition of Professional Services contract vehicle was formed through the consolidation of the IT Enterprise Solutions 3-Services and Responsive Strategic Sourcing for Services contracts.
Science Applications International Corp. has appointed CeCe DeCamp , a technology industry leader, as senior vice president and strategy and operations leader within the company’s civilian business group. DeCamp announced her appointment in a LinkedIn post published Sunday.
领英推荐
Rheinmetall is set to acquire for $950 million Loc Performance , a vehicle specialist headquartered in Plymouth, Michigan, with a workforce of around 1,000 employees and customers in the civilian as well as defense sectors. Loc Performance's offerings include drivetrains, suspensions and track systems, many of which are used by U.S. military ground vehicles, Rheinmetall said Tuesday.
The State Department has approved Israel's request to buy F-15IA aircraft , advanced medium-range air-to-air missiles , 120mm tank cartridges , family of medium tactical vehicles and M933A1 120mm high explosive mortar cartridges from the U.S. government under five foreign military sales agreements worth approximately $20.3 billion combined.
Lumen Technologies (NYSE: LUMN) has named Josh Finke as senior vice president of public sector, responsible for driving the business' overall go-to-market strategy and profit and loss. Finke brings to Lumen more than 25 years of technology leadership experience.
The Department of the Air Force's Chief Data and AI Office has named Col. Bryan Sparkman as deputy chief data and artificial intelligence officer . Sparkman most recently served as chief analyst of the force application division within the Joint Staff.
Ed Tuorinsky CEO & President DTS
In Executive Mosaic’s latest?video interview , DTS CEO and President?Ed Tuorinsky discussed how to assess and manage the cybersecurity risk of your partners and how that is part of a larger effort to increase your security posture while protecting your data and your reputation.