Tag Archives: raytheon technologies

Raytheon Intelligence and Space Awarded $175M USAF Contract for Intelligence Services; David Appel Quoted

David Appel

Raytheon Intelligence and Space (RI&S), a subsidiary of Raytheon Technologies, announced on Thursday that it has been awarded a U.S. Air Force intelligence program contract worth potentially $175 million. The contract period runs for five years and requires the company to provide signals intelligence services for the U.S. Air Force's Distributed Common Ground System, which collects, processes and analyzes intelligence.

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U.S. Companies Continue to Secure Defense Deals Amid Pandemic-Related Slowdown

Global Defense Industry

The COVID-19 pandemic has impacted the growth of the global defense industry as governments increase spending on efforts aimed at countering the public health and economic effects of the coronavirus. Economic and logistical challenges due to the pandemic have disrupted defense sales, manufacturing and development, resulting in production irregularities and increasing costs for many defense contractors.

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Three Technologies Transition Into DOD Programs of Record; Jon Lazar Quoted

Department of Defense

The Department of Defense (DOD) has transitioned a set of three technologies designed to support cruise missile operations and deliver jam-resistant autonomy. DOD said Tuesday that its Low-Cost Cruise Missile Joint Capability Technology Demonstration (LCCM JCTD) transitioned an unmanned air vehicle, autonomy software and data link into programs of record.

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MDA Anticipates Next Generation Interceptor Contract Award This Month

Next Generation

The Pentagon is keeping the Next Generation Interceptor (NGI) program on track by allowing the Missile Defense Agency (MDA) to push ahead with its plans to award potential five-year design and development contracts to two defense contractors this month. Boeing, Northrop Grumman and Lockheed Martin are leading three industry teams that are competing for the two contracts.

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Executive Mosaic Names 2021 Wash100 Award Recipients; Cast Your 10 Votes TODAY

2021 Wash100

Executive Mosaic, the leading provider in connecting, promoting and branding government and government contracting (GovCon) executives of consequence, has announced the recipients of the 2021 Wash100 Award. “We are thrilled to honor the winners of the 2021 Wash100 Award, said Jim Garrettson, founder and CEO of Executive Mosaic. With the announcement, Executive Mosaic will begin to accept votes for this year’s Popular Vote Rankings.

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Space Force Eyes Government-Owned Open Platform for Data From Missile Warning Satellites; Lt. Col. Kellie Brownlee Quoted

Counterspace Weapons

The U.S. Space Force is advancing the development of a government-owned open system to process and share data derived from existing and future missile warning satellites. Lt. Col. Kellie Brownlee, materiel leader for future ground integration at SMC, said the service is working to transfer Lockheed Martin’s proprietary technology and data to a government-owned open architecture.

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Pine Island Names David Wajsgras, Matthew Levine as Partners

David Wajsgras

Pine Island Capital Partners has appointed David Wajsgras, a 2020 Wash100 Award recipient, and Matthew Levine to serve as partners and on the firm’s investment committee. Wajsgras will bring two decades of experience at the senior executive management level, where he has provided operational, strategic and financial leadership across the aerospace, commercial and defense industries.

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Report: State Department Suspends Foreign Sales of U.S. Weapons Pending Biden Administration Reviews

F-35C

President Biden has halted U.S. weapons sales to foreign nations on a temporary basis to allow time for administrative assessments. In January 2021, Reuters reported that the United Arab Emirates entered into an agreement with the U.S. to purchase $23 billion worth of Lockheed Martin-built F-35 aircraft and a maximum of 18 drones. 

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Report: DoD Contract Obligations Up 10% in Fiscal 2020

Fiscal Strategy

The Department of Defense (DoD) obligated $445.5 billion on contract awards during fiscal year 2020, a nearly 10 percent increase from the year-ago period's contracting obligations of $404.5 billion, driven primarily by events related to the global security landscape and coronavirus pandemic. It was also noted that Lockheed secured the highest amount of contracting dollars at $72.3 billion.

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Raytheon Technologies Makes Commitment to Support Diversity and Inclusion

Raytheon Technologies

Raytheon Technologies has made a five-year, $25 million commitment to support marginalized individuals and communities through programs focused on racial justice, empowerment and career readiness. “Our goal is to effectively partner with organizations on programs that empower individuals by creating tangible opportunities in the workforce and advance our communities to drive meaningful societal impact,” said Pam Erickson, Raytheon Technologies chief communications officer and head of corporate philanthropy. 

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