All articles tagged with #defense contractor
John Murray Rowe Jr., a former defense contractor with decades of experience, was sentenced to over 10 years in prison for attempting to share classified U.S. defense information with a foreign government, specifically Russia, after multiple security violations and covert communications with an undercover FBI agent.
Meta has partnered with Anduril Industries to develop augmented and virtual reality devices for the military, marking a shift for the social media giant into defense contracting, leveraging its extensive investments in extended reality technologies to support U.S. military efforts.
Rocket Lab is expanding from a small satellite launch provider to a full-spectrum defense contractor by acquiring key satellite technology companies, including Geost, and aiming to become a disruptive prime contractor for U.S. military satellite systems, with plans for further acquisitions to control more of the supply chain and meet government needs.
Former U.S. Navy Vice Chief of Naval Operations, Adm. Robert Burke, has been arrested on charges of bribery and conspiracy for allegedly steering contracts to a defense contractor in exchange for future employment. Burke, along with two business executives, faces significant prison time if convicted. The case raises concerns about accountability within Navy leadership, especially in light of previous scandals.
An engineer in Huntsville, Ala. is suing defense contractor Parsons Corporation for discrimination, claiming he was fired for speaking Hindi at work. Anil Varshney, 78, alleges mistreatment and discrimination based on race, color, national origin, and age, and has filed a federal lawsuit seeking reinstatement and lost wages. Parsons Corporation denies the allegations, stating Varshney was terminated for a security violation. Former U.S. Attorney Preet Bharara has expressed support for Varshney, citing similarities to his own family's immigration experience.
An engineer in Huntsville, Ala., is suing defense contractor Parsons Corporation for discrimination, alleging he was fired for speaking his native Hindi language at work. The engineer, Anil Varshney, has filed a federal lawsuit against Parsons and the U.S. Missile Defense Agency, claiming discrimination based on race, color, national origin, and age. The company denies the allegations, stating that Varshney's termination was due to a security violation. Former U.S. Attorney Preet Bharara has expressed support for Varshney, stating that he was discriminated against because of his nationality and how he spoke. Varshney seeks justice and lost wages through the lawsuit.
Leonard Francis, also known as "Fat Leonard," a defense contractor involved in a major scandal within the U.S. Navy, has been returned to the U.S. as part of a prisoner swap with Venezuela. Francis was at the center of corruption allegations that implicated several Navy officials.
SpaceX has secured its first contract from the US Space Force to provide customized satellite communications for the military as part of the Starshield program. The contract, worth $900 million, allows SpaceX to compete with 15 other companies for work orders through 2028 under the Space Force's new "Proliferated Low Earth Orbit" contracts program.
Leidos has secured a contract worth up to $7.9 billion to provide the US Army with information technology equipment, including servers and workstations. The Common Hardware Systems 6th Generation contract allows for the procurement of commercial off-the-shelf products for the Army and other organizations. Leidos plans to utilize its Intelligent Logistics Platform to ensure rapid fulfillment and resilience in the supply chain. The contract could run for a decade, and Leidos is expected to acquire between 75,000 to 100,000 pieces of hardware annually.
UK defense contractor BAE Systems has agreed to acquire Ball Aerospace, the aerospace division of Ball Corporation, for $5.6 billion in cash. The deal, expected to close in the first half of next year, is subject to regulatory approval. Ball Aerospace, known for manufacturing spacecraft and specialized aerial systems, has key customers such as NOAA, the Pentagon, and U.S. intelligence agencies. The acquisition will add a high-quality, fast-growing technology-focused business to BAE Systems' core operations and help Ball Corporation reduce its debt.
L3Harris' acquisition of Aerojet Rocketdyne is set to close on or about July 28, as the Federal Trade Commission has decided not to challenge the $4.7 billion deal. L3Harris, a defense contractor, expects the acquisition to expand its presence in civil space, strategic defense systems, and precision munitions. This comes after a previous attempt by Lockheed Martin to acquire Aerojet Rocketdyne was blocked by antitrust regulators.
Defense contractor Booz Allen Hamilton has agreed to pay $377 million to settle a lawsuit accusing the company of overcharging the U.S. government to cover losses in other areas of its business. The settlement, one of the largest under the federal False Claims Act, comes after a six-year investigation. A related criminal investigation was closed without charges, while a separate probe by the Securities and Exchange Commission remains open. The case was brought to light by a whistleblower who claimed the company fraudulently billed the government for excess fees. The whistleblower stands to receive nearly $70 million from the settlement.