Lockheed Martin and Raytheon booked contracts worth more than $3B combined in recent months to develop new hypersonics technology for the Department of Defense, Aviation International News reported Friday.

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NCAA March Madness is one of the most anticipated sporting events each year. The spectacle of seeing the best teams and the best players in the U.S compete for one of the top prizes in sports generates excitement. Just like March Madness, you can participate in the GovCon competition yourself. This year, the competition to win […] More

Twenty-five representatives from the public and private sectors have been appointed to serve on a new board that will develop strategies to improve the state of the U.S. workforce. Commerce Secretary Wilbur Ross and Ivanka Trump, adviser to the president, co-chair the recently created American Workforce Policy Advisory Board, the Department of Commerce said Wednesday.
 

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Women now hold senior leadership roles at top defense contractors and among them are Leanne Caret, president and CEO of Boeing’s defense, space and security business, and Engility CEO Lynn Dugle, Politico reported Wednesday. Caret noted that women continue to encounter challenges in the defense sector, which she considers are more aspirational than institutional. “We […] More

Some defense industry leaders have identified hypersonic weapons as a potential growth driver for their companies as the Defense Department boosts its spending on hypersonic-related development programs, National Defense reported Wednesday. Lockheed Martin CEO Marillyn Hewson said the company considers hypersonics as one of the “key providers of growth opportunities in the future” and that its […] More

The Aerospace Industries Association has named at least 20 executives from the government contracting sector to its board of governors for 2018. Thomas Kennedy, chairman and CEO of Raytheon, will succeed Boeing CEO Dennis Muilenburg as chairman of AIA, the trade group said Monday. William Brown, chairman, president and CEO of Harris, will serve as […] More

The German air force has indicated a preference for Lockheed Martin-built F-35 Joint Strike Fighter aircraft to replace the service’s fleet of Tornado fighter jets, Jane’s 360 reported Wednesday. A senior official from Germany’s air force told Jane’s 360 that the military branch has shortlisted potential Tornado replacements and it believes F-35 meets most program requirements and offers […] More

Defense contractors such as Lockheed Martin, Northrop Grumman and Boeing have started to step up efforts to compete in the space segment as they see new business opportunities in the market, Space News reported Thursday. Bruce Tanner, chief financial officer at Lockheed, said at an earnings call Tuesday the company intends to spend up to […] More

Several government contracting industry leaders have commended President Donald Trump’s move to sign a memorandum on China’s trade practices. The White House memo would authorize the U.S. trade representative to decide whether to conduct an investigation into China’s alleged theft of U.S. intellectual property, The Hill reported Monday. “Safeguarding our intellectual property against nation-state sponsored […] More

Lockheed Martin plans to lease a new 35,000-square-foot facility in Johnstown, Pennsylvania, as the company works to increase production of components for the F-35 Lightning II fighter aircraft, The Tribune-Democrat reported Thursday. Gilda Jackson, general manager of Lockheed’s AeroParts subsidiary, said the company plans to add more than 40 jobs by the end of 2018 […] More

The defense sector trade group Aerospace Industries Association has elected new members its executive board of governors for 2017 that includes at least 20 government contracting industry leaders. AIA said Thursday Boeing CEO Dennis Muilenburg was chosen to serve as the association’s chairman of the board and Raytheon chief executive Thomas Kennedy was elected vice chairman. David Melcher was reappointed […] More

Lockheed Martin Chairman, President and CEO Marillyn Hewson has said her company and its partner Mitsubishi Heavy Industries have jointly responded to Japan’s request for information on stealth fighter aircraft in August, Nikkei reported Saturday. Sam Nussey writes that Japan is considering whether to develop new aircraft domestically, tap foreign defense companies or just procure additional fighters in the marketplace to replace […] More