ExecutiveBiz News on Video 1/24/2023

As electronic warfare grows in importance, the U.S. military aims to harness new technologies to strengthen its presence in the electromagnetic spectrum and safeguard its national interests, according to experts in the field. Martin Klein, senior vice president of defense and intel at C3.Ai, said currently, developing integrated capabilities across the spectrum of war is […]

Raytheon Technologies reported $67.1 billion in revenue for its full 2022 fiscal year, a 4 percent increase over fiscal 2021 figures. The Arlington, Virginia-based company said Tuesday defense programs accounted for $69 billion of its $175 billion total backlog as of Dec. 31 and commercial aerospace work accounted for the remaining $106 billion. Sales grew […]

Epirus has landed a $66.1 million contract to support the U.S. Army’s Indirect Fire Protection Capability-High-Power Microwave Program through a rapid prototyping effort. The other transaction authority award involves producing prototypes of Leonidas, Epirus’ HPM counter-swarm pod, the company said Monday. The Leonidas energy system underwent engineering, testing and validation as a short-range equipment to […]

Northrop Grumman has selected CAES to provide the aerospace and defense company with antennas designed to protect GPS-guided precision weapons from jamming and interference threats. CAES said Monday it secured a contract worth over $24 million to deliver 80,000 M-Code GPS antennas to Northrop in support of the Precision Guidance Kit production over a three-year […]

NuScale Power has received certification from the Nuclear Regulatory Commission for the design of its small modular reactor. The final ruling, which takes effect on Feb. 21, marks the NRC’s first approval of an SMR blueprint and the seventh for a nuclear reactor design in the U.S., the Department of Energy said Friday. NuScale’s VOYGR […]

Lockheed Martin has achieved first light from a laser weapon technology designed for integration onto the U.S. Army Stryker combat vehicle to deliver directed energy capability in support of maneuver-short range air defense missions.  The milestone verifies that the 50-kilowatt-class DEIMOS system’s optical performance parameters align with its design parameters, Lockheed said Monday. First light […]

Rory Read, senior vice president and head of business area global communications platform at Ericsson, has joined the board of directors of Booz Allen Hamilton. Read brings over 30 years of global technology leadership experience to the board, where he will serve on the audit committee, Booz Allen said Monday. He joined Ericsson as part of the company’s […]

Inmarsat has tapped Airbus’ defense and space business to transport the I-6 F2 satellite from its testing facility in Toulouse, France, to Kennedy Space Center in Florida. The satellite will fly aboard the Airbus A300-600ST aircraft, also known as Beluga, and upon arrival in Florida, spacecraft experts will then conduct final testing and integration with […]

Systecon North America has received a contract from Textron’s Bell subsidiary to provide in-service support for the latter’s helicopter platforms through its Opus Suite offering, ExecutiveBiz has learned. The selection of Systecon’s Opus Suite comes as Bell works to optimize its fleet of helicopters and advances its transition to a leaner supply system in support […]

Israel Aerospace Industries has received a multi-year, multi-million-dollar contract from the U.S. Department of Defense to develop prototypes of a hybrid version of an IAI-built missile.  The Point Blank missile’s ROC-X version will be designed to meet specific DOD requirements with the purpose of enhancing the organic precision strike lethality and survivability of small tactical teams, […]