Lockheed Reports Q2 2020 Results; James Taiclet Quoted
Lockheed Martin reported net sales of $16.2 billion, net earnings of $1.6 billion and cash from operations of $2.2 billion for the second quarter of 2020.
News
Latest stories
in Executive Moves, NewsChuck Hicks Promoted to Full-Time NCI COO; Paul Dillahay Quoted
Chuck Hicks, chief financial officer and acting chief operating officer of NCI Information Systems, has been promoted to the COO position on a full-time basis, the company announced Monday.
in Contract Awards, NewsDARPA Selects Boeing Subsidiary, Lockheed, GTRC for New X-Plane Tech Project
Boeing's Aurora Flight Sciences subsidiary, Lockheed Martin and Georgia Tech Research Corp. have received separate contracts from the Defense Advanced Research Projects Agency to explore active flow control approaches for X-plane development.
Aerojet Rocketdyne Finishes Engine Production for NASA’s Crewed Flight Mission; Eileen Drake Quoted
Aerojet Rocketdyne has fulfilled its task to produce hardware necessary for the propulsion of the rocket that would send a crewed Orion spacecraft around the moon as part of NASA's second Artemis mission. The company said Monday it completed the RL10 and RS-25 engines for the Space Launch System in support of Artemis II, the second integrated SLS-Orion flight and the first lunar flyby with crew.
Raytheon Technologies Provides Radar System for Navy’s Flight III Guided Missile Destroyer
Raytheon Technologies's missile and defense business has provided a new AN/SPY-6 radar array for integration onto the U.S. Navy's first Arleigh Burke-class guided missile destroyer with the Flight III combat system configuration.
in NewsNavy Starts Cyber Warfare Tech Research Solicitation
Naval Air Systems Command is seeking technical and cost proposals for research into technology platforms that are relevant to the NAVAIR Cyber Warfare Detachment's strategy to secure weapon systems.
in NewsHII Apprentice School Gets State Council OK to Operate as Postsecondary Institution
Virginia's State Council of Higher Education has authorized Huntington Ingalls Industries' Newport News Shipbuilding division to offer postsecondary education at a company-run apprentice school.
in Contract Awards, NewsDuality to Develop Data Privacy, Security Tech Under DARPA Contract
Duality Technologies has received a contract from the Defense Advanced Research Projects Agency to develop a machine learning technology that would encrypt multisource data and preserve the privacy of information in genomic research projects.
in Contract Awards, NewsGeneral Atomics to Design Digital Missile Prototypes for Army
A business unit of General Atomics has secured an other transaction agreement to provide system design concepts for multidomain operations under the U.S. Army's Digital Guided Missile development program.
in NewsFollow-Up NDIA Survey Looks at Ongoing COVID-19 Impacts on Small Defense Contractors
A National Defense Industrial Association survey shows that clear information from the Department of Defense, access to capital and revenue expectations are the areas where small businesses in the defense sector continue to experience the highest level of continued impact of the COVID-19 pandemic.
in NewsBoeing-Saab Team’s T-7A Trainer Jet for Air Force Completes 80% of Initial Testing
The T-7A Red Hawk trainer aircraft developed through a partnership between Boeing and Saab has concluded 80 percent of phase 1 assessments and is undergoing hot-weather testing in St. Louis, Mo., AIN Online reported Monday.
in Executive Moves, NewsMcKean Defense Group Appoints Jeffery Cherry to Board; Joseph Carlini Quoted
Jeffery Cherry, founder, CEO and managing partner of The Porter Group, has joined the board of directors at McKean Defense Group. Cherry brings more than 34 years of experience in the federal market and at startup and mid-size companies to the McKean board, the company said Monday.