Dynetics

OSS Wins U.S. Government Program for AI Compute and Storage Solution

Retrieved on: 
Tuesday, November 14, 2023

Under this multi-year program, OSS will provide its proprietary transportable compute and storage technology designed to power an emerging specialized mobile AI signal collection application.

Key Points: 
  • Under this multi-year program, OSS will provide its proprietary transportable compute and storage technology designed to power an emerging specialized mobile AI signal collection application.
  • OSS’ SDS-3U is powered by the latest AMD EPYC™ 9004 Series Processors and 16 NVMe storage drives—an ideal configuration for high-speed data acquisition, recording and analysis.
  • Proprietary OSS high-speed PCIe Gen 5 switched interconnects will transfer data to the compute processors for real-time signal analysis using the latest AI deep learning frameworks.
  • Suitable for a full range of commercial, industrial and government applications, the OSS SDS-3U-4a Gen 5 solution can be ordered directly from OSS sales engineers at [email protected] or +1 (877) 438-2724.

Leidos awarded $32M defense radar contract

Retrieved on: 
Monday, November 27, 2023

HUNTSVILLE, Ala., Nov. 27, 2023 /PRNewswire/ -- Leidos , a Fortune 500® science and technology company, announced it was recently awarded a new $32 million contract by the Marine Corps System Command (MARCORSYSCOM) through the Consortium Management Group (CMG).

Key Points: 
  • HUNTSVILLE, Ala., Nov. 27, 2023 /PRNewswire/ -- Leidos , a Fortune 500® science and technology company, announced it was recently awarded a new $32 million contract by the Marine Corps System Command (MARCORSYSCOM) through the Consortium Management Group (CMG).
  • The defense radar systems development contract calls for four Medium Range Air Defense Radar (MRADR) prototype systems within a two-year span.
  • "This win represents a significant transition for the Leidos team," said Larry Barisciano, the weapons technology operations manager for Leidos' Dynetics Group.
  • Leidos' Dynetics Group previously developed the Marine Expeditionary Long Range Persistent Sensor (MELPS) assets through the Office of Naval Research Multi-domain Radar in Contested Environments (MuDRaCE) program, which was managed by Leidos' Innovation Center (LInC).

Leidos Holdings, Inc. Reports Second Quarter Fiscal Year 2023 Results

Retrieved on: 
Tuesday, August 1, 2023

Revenues for the quarter were $3.84 billion, up 7% compared to the second quarter of 2022.

Key Points: 
  • Revenues for the quarter were $3.84 billion, up 7% compared to the second quarter of 2022.
  • Non-GAAP net income was $252 million for the second quarter, up 15% year-over-year, and non-GAAP diluted EPS for the quarter was $1.80, up 13% year-over-year.
  • Days Sales Outstanding (DSO) for the quarter was 59, a 3-day improvement from the first quarter of 2023.
  • In addition, Leidos returned $50 million to shareholders in the second quarter as part of its regular quarterly cash dividend program.

Leidos' MACH-TB program successfully completes 1st test launch

Retrieved on: 
Sunday, June 18, 2023

WALLOPS ISLAND, Va., June 18, 2023 /PRNewswire/ -- Leidos, a Fortune 500® technology, engineering and science solutions and service leader, announced its Dynetics team has successfully completed a large-scale test for its MACH-TB program.

Key Points: 
  • WALLOPS ISLAND, Va., June 18, 2023 /PRNewswire/ -- Leidos, a Fortune 500® technology, engineering and science solutions and service leader, announced its Dynetics team has successfully completed a large-scale test for its MACH-TB program.
  • The Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) program is meant to increase the speed of testing for all commercially available hypersonic systems.
  • "This successful test has demonstrated first hypersonic insertion of a payload from a commercial launch vehicle and the team is ready to move forward into the next phase of this program," said Leidos CEO Tom Bell.
  • The inaugural launch took place on June 17 at 9:24 p.m. UTC from Rocket Lab's Launch Complex 2 at Virginia's Mid-Atlantic Regional Spaceport within NASA's Wallops Flight Facility.

The Hollingsworth Companies Continues Industrial Expansion

Retrieved on: 
Tuesday, June 13, 2023

HUNTSVILLE, Ala., June 13, 2023 /PRNewswire/ -- The Hollingsworth Companies continue the expansion of their industrial portfolio throughout the Southeastern United States with the recent completion of a 108,960 SF facility and the lease and expansion of a 174,000 SF facility to 195,000 SF. The SouthPoint Business Park, Huntsville has grown to 12 buildings with over 2,000,000 SF under roof. Tenants in the park include automotive suppliers, defense contractors, building materials, marine and beverage distribution.

Key Points: 
  • HUNTSVILLE, Ala., June 13, 2023 /PRNewswire/ -- The Hollingsworth Companies continue the expansion of their industrial portfolio throughout the Southeastern United States with the recent completion of a 108,960 SF facility and the lease and expansion of a 174,000 SF facility to 195,000 SF.
  • Joe Hollingsworth, CEO of The Hollingsworth Companies stated, "We are very bullish on the North Alabama market.
  • It is my belief that the next 10 years will be the best economic period of our lives," Hollingsworth said.
  • The SouthPoint Industrial Park, Alabama is located adjacent to both the I-65 and 1-565.

Sidus Space Awarded Additional Space Hardware Manufacturing in Support of NASA’s Artemis Program and Space Launch System Manned Vehicle

Retrieved on: 
Friday, June 2, 2023

Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Defense-as-a-Service satellite company announces the award of an additional hardware manufacturing subcontract to support NASA’s Artemis Program and Space Launch System (“SLS”) Manned Vehicle.

Key Points: 
  • Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Defense-as-a-Service satellite company announces the award of an additional hardware manufacturing subcontract to support NASA’s Artemis Program and Space Launch System (“SLS”) Manned Vehicle.
  • Under the terms of the subcontract between Sidus Space and Craig Technologies, Sidus will be responsible for the fabrication of the Umbilical Quick Disconnects on the Universal Stage Adapter for the SLS.
  • The SLS is a super heavy-lift launch vehicle that provides the foundation for human exploration beyond Earth’s orbit.
  • “The award of this subcontract further validates Sidus’ ability to deliver mission critical hardware to our key partners and vendors,” said Carol Craig, Sidus’ Founder and CEO.

Leidos, NASCAR speed into lunar rover race

Retrieved on: 
Tuesday, April 18, 2023

COLORADO SPRINGS, Colo., April 18, 2023 /PRNewswire/ -- Leidos, a Fortune 500® science and technology leader, and its Dynetics team have announced their intention to compete in another moon race through a promotional partnership with NASCAR, a company certainly known for high speeds. The partnership will be a collaboration between the two organizations in the areas of speed, safety and reliability. Details of the collaboration as well as the design and technology of the Lunar Terrain Vehicle were unveiled during a special event at the Space Foundation's 38th annual Space Symposium, the premier assembly for the global space ecosystem.

Key Points: 
  • "We are thrilled to unveil our lunar vehicle design and to announce our exciting new promotional partnership," said Leidos CEO Roger Krone.
  • "This groundbreaking collaboration between Leidos and NASCAR takes both companies into uncharted territory, just like we believe our rover will do for NASA and its astronauts.
  • "NASCAR partnering with Leidos couldn't make more sense when it comes to this vehicle," said Pete Jung, NASCAR Senior Vice President and Chief Marketing Officer.
  • We are eager to watch this uniquely designed rover traverse different areas of the lunar surface."

NUBURU Selected by U.S. Department of Defense for Position on Contract for High Energy Laser Systems

Retrieved on: 
Wednesday, April 5, 2023

The other selected companies include divisions of Rolls-Royce, General Atomics, Dynetics, II-VI, Lockheed Martin, and nLIGHT.

Key Points: 
  • The other selected companies include divisions of Rolls-Royce, General Atomics, Dynetics, II-VI, Lockheed Martin, and nLIGHT.
  • For additional details, please see the U.S. Department of Defense announcement here .
  • NUBURU is based in Centennial, Colorado where it conducts research, development, design and manufacturing of its high-power blue lasers.
  • NUBURU has not included any potential revenue from this new contracting vehicle in the 2023 forecast that it released on March 21, 2023.

Curtiss-Wright Awarded Contract to Provide Actuation Technology Supporting Dynetics’ Enduring Shield Ground-Based Launcher System for the U.S. Army

Retrieved on: 
Wednesday, February 1, 2023

Curtiss-Wright Corporation (NYSE: CW) today announced that it has been awarded a contract to support the new Enduring Shield platform from Dynetics, a Leidos company, to meet the U.S. Army’s cruise missile defense needs.

Key Points: 
  • Curtiss-Wright Corporation (NYSE: CW) today announced that it has been awarded a contract to support the new Enduring Shield platform from Dynetics, a Leidos company, to meet the U.S. Army’s cruise missile defense needs.
  • Under the contract, Curtiss-Wright will design and build electromechanical actuators for the first 16 Dynetics launcher platforms, with an option for 400 additional launchers with associated interceptors.
  • “Curtiss-Wright is very proud to have been chosen by Dynetics to provide our elevation and stabilization actuators in support of this critical U.S. Army missile defense system,” said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation.
  • The system is designed to acquire, track, engage and defeat cruise missiles, rockets and unmanned aircraft system threats.

Leidos Dynetics Team and Northrop Grumman to Collaborate on NASA Human Landing System Bid

Retrieved on: 
Wednesday, December 7, 2022

HUNTSVILLE, Ala., Dec. 7, 2022 /PRNewswire/ --Dynetics, a wholly-owned subsidiary of Leidos, today announced it has submitted a bid on the Human Landing System (HLS) Sustaining Lunar Development (SLD) contract for NASA's Artemis Mission.

Key Points: 
  • HUNTSVILLE, Ala., Dec. 7, 2022 /PRNewswire/ --Dynetics, a wholly-owned subsidiary of Leidos, today announced it has submitted a bid on the Human Landing System (HLS) Sustaining Lunar Development (SLD) contract for NASA's Artemis Mission.
  • Northrop Grumman will join the Dynetics team in this pursuit.
  • "We're excited to enter the competition to support NASA's Sustaining Lunar Development efforts, adding Northrop Grumman to our team," said Leidos Dynetics Group President Steve Cook.
  • Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $13.7 billion for the fiscal year ended December 31, 2021.