Siemens has moved to expand its oil and gas and decentralized power generation portfolio by agreeing to acquire Rolls-Royce Energy‘s gas turbine and compressor business for $1.3 billion. The companies intend to complete the deal by December and the transaction includes Rolls-Royce’s 2,500 aero-derivative gas turbines, which generated estimated revenues of $1.5 billion in Rolls-Royce’s 2013 fiscal year, Siemens said Tuesday. Rolls-Royce built […] More

The United States has the largest defense expenditures among all nations globally. In the year 2022 alone, the nation’s expenditure amounted to a staggering $877 billion—more than the next ten countries combined at $849 billion. As we delve into the year 2023, defense allocation accounts for 16.4% of the federal government’s budget, translating to a […] More

Rolls-Royce veteran Thomas Bell has been selected by Leidos’ board of directors to succeed Roger Krone, a 10-time Wash100 Award winner, as CEO. Krone, who also serves as chairman of Leidos, will continue serving as chief executive until the transition goes into effect on the planned date of May 3, the Reston, Virginia-based company announced on Monday. “Tom’s exceptional track […] More

The Department of Defense’s Strategic Capabilities Office has awarded BWX Technologies a potential $300 million contract to construct a nuclear microreactor. BWXT is expected to have the Project Pele full-scale transportable microreactor prototype, the first of its kind in the U.S., ready for the Idaho National Laboratory’s review by 2024, the Lynchburg, Virginia-based company said Thursday. Joe Miller, […] More

The accreditation body of the Department of Defense's Cybersecurity Maturity Model Certification has formed the Industry Advisory Council that will be responsible for providing CMMC-AB and DOD with CMMC implementation feedback, input and recommendations on behalf of organizations seeking certification (OSCs).

More

Jamie McMullin, former senior director of naval power systems at Leonardo DRS, has been appointed as vice president of business development and strategy at Fairbanks Morse's aftermarket business.

More

PAE has appointed Cristal Rice as the vice president of its Readiness & Sustainment group. Rice is an aerospace industry executive with that has deep experience in team leadership and business development. “Cristal has a demonstrated track record for leading high-performing teams and standing up new business development organizations,” said PAE president and CEO, and 2020 Wash100 Award recipient, John Heller. 

More

James McFadyen, formerly a vice president at Leonardo DRS' naval power systems group, has been named VP and general manager of the aftermarket business at Fairbanks Morse.

More

The Air Force closed on Wednesday the window for Pratt & Whitney, General Electric's aviation business and Rolls-Royce to submit their proposals for a program to replace the engines of its fleet of 76 Boeing-built B-52 Stratofortress bombers, Breaking Defense reported.

More

Exostar has launched a working group that will work to modernize supply chain operations in the aerospace and defense sectors.

More

Textron's Bell Helicopter subisidiary proposed the 407GXi platform to the U.S. Navy's Advanced Helicopter Trainer program and would perform final assembly efforts at a facility in Ozark, Ala., if the service branch selects the aircraft offering.

More

Steve Handel, a nearly 20-year technology industry veteran, has joined training simulator provider VirTra as vice president of program management.

More