Business/Financial
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Business/FinancialRTX In Nearly $1 Billion Settlement With U.S. Government To Resolve Fraud, False Claims, Bribery Charges
The U.S. government on Wednesday said it has resolved several legal matters with RTX [RTX] requiring the defense contractor to pay more than $950 million in penalties. The allegations against […]
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Advanced / Transformational TechnologyArmy Chief Makes Case for ‘Easy, Intuitive’ Systems Needing Fewer Industry Field Service Representatives
U.S. Army Chief of Staff Gen. Randy George on Wednesday made the case for fielding “easy, intuitive” systems that require significantly less support from original equipment manufacturer (OEM) representatives in […]
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ArmyArmy Not Expecting Boeing Layoffs To Impact Apache, Chinook Programs
Senior Army officials said Monday the service is not expecting an impact to Boeing [BA] programs, including the Apache and Chinook helicopters, in the wake of the company’s plan to […]
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Business/FinancialBoeing CEO Plans to Lay off 10 Percent of Workers, Says Defense Unit’s Execution on Fixed Price Contracts ‘Not Where It Needs to Be’
The performance of Boeing‘s [BA] defense, space & security (BDS) unit on fixed price contracts needs to improve, Boeing CEO Robert “Kelly” Ortberg wrote in a Friday employee message released […]
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CyberDoD Publishes Final Rule For Contractor Cybersecurity Compliance
The Defense Department last Friday published its final rule for the Cybersecurity Maturity Certification (CMMC) program, meaning certain cybersecurity requirements will be included in solicitations and contracts in early to […]
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Business/FinancialLockheed Martin Names F-35 Deputy GM to Head Program
Bridget Lauderdale, the head of the F-35 program for Lockheed Martin [LMT] and a 38-year employee of the company, is to retire by Dec. 1, and deputy F-35 general manager […]
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Air ForceJWICS Tech Refresh Almost Complete, DIA Official Says
The Defense Intelligence Agency (DIA) has nearly completed a technology refresh upgrade of the Joint Worldwide Intelligence Communications System (JWICS)–a DoD/intelligence community network for the dissemination of Top Secret Sensitive […]
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Business/Financial
Private Equity Firm Acquires Sabre Systems
CM Equity Partners in late September acquired the cybersecurity and digital solutions company Sabre Systems, adding to its portfolio of defense and federal services companies. Terms of the deal were […]
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Business/FinancialSecond Front’s Game Warden Available on ICMP, Company Says
Wilmington, Del.-based Second Front Systems said on Monday that its Game Warden DevSecOps platform to approve commercial software up to top secret classification is available on Amazon Web Services‘ [AMZN] […]
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Business/FinancialRheinmetall, Honeywell To Collaborate On New Combat Vehicle Tech
Germany’s Rheinmetall has signed a memorandum of understanding with Honeywell [HON] to work together on visual systems and auxiliary power units for combat vehicles, the companies said this week. Rheinmetall […]