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Latest Federal & Government Contracting Companies' News Coverage
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
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
Eric Fanning, formerly secretary of the U.S. Army, will succeed Dave Melcher as president and CEO of the Aerospace Industries Association beginning Jan. 1. “Eric will strengthen AIA’s position as the voice of the aerospace and defense industry, bringing continued attention and advocacy to key issues affecting civil aviation, space and defense,†Dennis Muilenburg, AIA chairman […] More
Boeing has pledged to give the American Red Cross a $1 million donation through the aerospace and defense contractor’s charitable trust to assist Texas communities hit by Hurricane Harvey. The company said Tuesday it will match employee contributions made to the humanitarian organization’s disaster relief efforts in the aftermath of storm. “Our thoughts are with […] More
Caroline Kennedy, former U.S. ambassador to Japan, has joined the board of directors at Boeing and she will serve on the board’s audit and finance committees. Dennis Muilenburg, Boeing chairman, president and CEO, said in statement published Thursday that Kennedy will contribute her professional, diplomatic and global perspectives to the board’s company oversight efforts. Kennedy previously served on various nonprofit […] More
Boeing has formed a new business unit that will develop aircraft controls and electronics systems as part of the company’s technology insourcing efforts, Fox Business reported Monday. The report said Boeing Avionics will focus on market areas such as navigation and flight controls for commercial and military aircraft platforms. Allan Brown, a Boeing vice president and program […] More
Boeing has joined the push for the White House tax reform plan, which includes a sweeping overhaul of the U.S. corporate tax system that would simplify the tax code to three income brackets and reduce itemized deductions. Although the plan released by the White House did not include details of a controversial “Border Adjustment Tax,” Boeing CEO […] More
Boeing has unveiled a new venture capital arm that will work to invest in new aerospace technologies, manufacturing techniques and business models in efforts to facilitate innovation, expansion and disruptive market opportunities. The company said Wednesday Steve Nordlund, vice president of strategy for the defense, space and security business, will take the role of VP at Boeing HorizonX. […] More
Dennis Muilenburg, chairman, president and CEO of Boeing, has said the company aims to work with the incoming administration to ensure that the production cost for the next pair of presidential aircraft will not exceed $4 billion, The Hill newspaper reported Wednesday. Jessie Hillman writes Muilenberg made the remarks after he met with President-elect Donald Trump at the latter’s Mar-a-Lago […] More
Robert Bradway, president and CEO of biotechnology firm Amgen, has joined Boeing’s board of directors. “[Bradway’s] accomplishments in business, operations and finance will serve Boeing well as he applies his broad-based experience to aerospace,†Dennis Muilenburg, Boeing chairman, president and CEO, said in a statement released Friday. Bradway will serve on the board’s finance and […] More
Boeing CEO Dennis Muilenburg has said the Chicago-based aerospace company plans to land the first human on Mars and that he expects space tourism to develop into a “viable commercial market†over the next 20 years, Bloomberg Technology reported Tuesday. “I’m convinced the first person to step foot on Mars will arrive there riding a Boeing […] More
Jim McNerney, CEO of Boeing, told shareholders Wednesday that the company wants to adopt an incremental strategy to build passenger airplanes instead of taking a once-a-generation development approach, the Wall Street Journal reported Wednesday. “Our mind-set will be to avoid the moon shot,” McNerney said at the company’s annual investor meeting held Wednesday in Seattle. […] More
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