Military

Winchester® to Begin Construction on New Facility to Manufacture Next Generation Squad Weapon Ammunition

Retrieved on: 
Tuesday, April 2, 2024

Winchester has been awarded a contract for the construction of the Next Generation Squad Weapon – Ammunition (NGSW-A) manufacturing facility at Lake City Army Ammunition Plant (LCAAP).

Key Points: 
  • Winchester has been awarded a contract for the construction of the Next Generation Squad Weapon – Ammunition (NGSW-A) manufacturing facility at Lake City Army Ammunition Plant (LCAAP).
  • The project will be the first new manufacturing facility built at LCAAP in decades.
  • View the full release here: https://www.businesswire.com/news/home/20240402583093/en/
    Image courtesy of U.S. Army, Joint Program Executive Office Armaments & Ammunition.
  • (Photo: Business Wire)
    The new manufacturing facility will provide safe, reliable, and advanced NGSW-A to the Joint Warfighter.

Kevin Mellott Promoted to Vice President of Vision Products

Retrieved on: 
Tuesday, April 2, 2024

Vision Products, LLC ( www.visionproducts.llc ) is pleased to announce the promotion of Kevin Mellott to the position of Vice President.

Key Points: 
  • Vision Products, LLC ( www.visionproducts.llc ) is pleased to announce the promotion of Kevin Mellott to the position of Vice President.
  • In his new role, he will be responsible for leading the engineering team and technology development initiatives for Vision Products.
  • Mr. Mellott brings years of experience in technology development, having previously served as both the Director of Electrical, Systems and Software Engineering and a program manager at Vision Products.
  • "I am honored and excited to take on the role of Vice President at Vision Products," said Mellott.

Navy Federal Credit Union Now Operates Department of Defense Overseas Military Banking Facilities

Retrieved on: 
Tuesday, April 2, 2024

Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."

Key Points: 
  • Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."
  • These MBFs are part of the Department of Defense (DoD) Overseas Military Banking Program.
  • MBFs overseas will now be co-branded as "Community Bank, Operated by Navy Federal Credit Union.”
    “The Overseas Military Banking Program fits our core values at Navy Federal and is consistent with our primary mission of supporting Active Duty military members and their families,” said Kara Cardona, COO of Navy Federal.
  • While Navy Federal Credit Union now operates these MBFs overseas, these institutions will remain as separate entities.

USIC Becomes Official Partner of the U.S. Army’s Partnership for Your Success (PaYS) Program

Retrieved on: 
Thursday, April 4, 2024

As a PaYS Partner, USIC guarantees soldiers an interview and possible employment following the fulfillment of their commitment to the Army.

Key Points: 
  • As a PaYS Partner, USIC guarantees soldiers an interview and possible employment following the fulfillment of their commitment to the Army.
  • “USIC is honored to serve as a PaYS Program Partner, working alongside Army recruiters and mentoring soldiers as they transition to civilian employment,” TJ Martin, USIC Senior Manager of Military Recruiting, stated.
  • “We are committed to providing meaningful career opportunities, development, and support to military veterans, who comprise nearly 10% of the USIC workforce.
  • To learn more about USIC’s commitment to recruiting and supporting veterans in their search for a meaningful civilian career, visit www.usicllc.com/careers/military/ .

Comprehensive Analysis of the Aerospace & Defense Market Predicts Robust Global Growth Amid Geopolitical Challenges - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 2, 2024

The "Global Aerospace & Defense Market - 2024 - Predictive Market Outlook for 2024 - Key Trends, Strategic Insights, Growth Opportunities & Market Outlook" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Aerospace & Defense Market - 2024 - Predictive Market Outlook for 2024 - Key Trends, Strategic Insights, Growth Opportunities & Market Outlook" report has been added to ResearchAndMarkets.com's offering.
  • The Global Aerospace & Defense Market has entered a significant growth phase catalyzed by shifting geopolitical landscapes.
  • This comprehensive analysis probes into the market dynamics and forecasts for the Aerospace & Defense sector.
  • The Aerospace & Defense Market continues to represent a dynamic and resilient sector, with robust growth opportunities despite broader economic uncertainties.

Terran Orbital's Tyvak International Secures European Defense Agency Contract for Pioneering VLEO Satellite Project

Retrieved on: 
Tuesday, April 2, 2024

This groundbreaking project focuses on Very Low Earth Orbit (VLEO) satellite exploration, marking a significant leap forward in military space technology.

Key Points: 
  • This groundbreaking project focuses on Very Low Earth Orbit (VLEO) satellite exploration, marking a significant leap forward in military space technology.
  • Tyvak International, leveraging its extensive experience in satellite design, development, and spaceflight heritage, will spearhead critical aspects of the project.
  • “We are delighted to announce our participation in this significant EDA VLEO contract,” said Fabio Nichele, Chief Executive Officer of Tyvak International.
  • By doing so, we will drive advancements in satellite technology and propel future defense capabilities.”
    This contract underscores the unwavering commitment of Tyvak International to push the boundaries of satellite technology.

Echodyne Showcases MESA Radars at Milipol Asia-Pacific TechX Summit 2024 Amidst Expanding Footprint in the Asian Market

Retrieved on: 
Tuesday, April 2, 2024

Echodyne , the radar platform company, is pleased to announce it will be exhibiting at the Milipol Asia-Pacific TechX Summit 2024 , Asia Pacific’s largest Homeland Security event taking place at Sands Expo & Convention Centre in Singapore over April 3-5, 2024.

Key Points: 
  • Echodyne , the radar platform company, is pleased to announce it will be exhibiting at the Milipol Asia-Pacific TechX Summit 2024 , Asia Pacific’s largest Homeland Security event taking place at Sands Expo & Convention Centre in Singapore over April 3-5, 2024.
  • Echodyne’s attendance at the event is marked by increasing regional demand for the company’s patented metamaterials electronically scanned array (MESA®) radar technology.
  • Echodyne has recently expanded its Asia team to serve an expanding customer base, meet rising interest, and assist with and accelerate integrations for Partners and Customers.
  • Customers are learning that spatial accuracy is critical to overall solution performance, and Echodyne radars offer class-leading airspace precision at commercial prices.

Guerrilla RF Reports Record Revenue for Fourth Quarter and Full Year 2023

Retrieved on: 
Monday, April 1, 2024

Guerrilla RF, Inc. (OTCQX: GUER), a leading provider of state-of-the-art radio frequency (RF) and microwave semiconductors, today announced record fourth quarter and full year 2023 revenue.

Key Points: 
  • Guerrilla RF, Inc. (OTCQX: GUER), a leading provider of state-of-the-art radio frequency (RF) and microwave semiconductors, today announced record fourth quarter and full year 2023 revenue.
  • Fourth quarter 2023 revenue increased 93.6% over the same period in 2022, coming in at $4.7 million compared to $2.4 million for the year ago quarter.
  • View the full release here: https://www.businesswire.com/news/home/20240401361693/en/
    Guerrilla RF, Inc. (OTCQX: GUER), today announced record fourth quarter and full year 2023 revenue.
  • Fourth quarter 2023 revenue increased 93.6% over the same period in 2022, coming in at $4.7 million compared to $2.4 million for the year ago quarter.

CAES Honored with Northrop Grumman Supplier Excellence Award

Retrieved on: 
Monday, April 1, 2024

CAES , a leading provider of mission-critical advanced technology, is excited to announce that it has been recognized by Northrop Grumman Corporation as a top supplier in Performance Excellence for 2023 with a Supplier Excellence Award.

Key Points: 
  • CAES , a leading provider of mission-critical advanced technology, is excited to announce that it has been recognized by Northrop Grumman Corporation as a top supplier in Performance Excellence for 2023 with a Supplier Excellence Award.
  • The award was given by three Northrop Grumman Sectors - Mission Systems, Defense Systems, and Space Systems - for excellent performance at CAES Defense Systems.
  • CAES was honored as one of more than 70 top suppliers from Northrop Grumman’s network of partners.
  • View the full release here: https://www.businesswire.com/news/home/20240401205560/en/
    CAES has been recognized by Northrop Grumman Corporation as a top supplier.

L3Harris Sets Date for First Quarter 2024 Earnings Release

Retrieved on: 
Monday, April 1, 2024

L3Harris Technologies (NYSE:LHX) will release first quarter 2024 financial results on Thursday, April 25, 2024, after market close.

Key Points: 
  • L3Harris Technologies (NYSE:LHX) will release first quarter 2024 financial results on Thursday, April 25, 2024, after market close.
  • The company’s results will be published in an earnings release and made available at L3Harris.com .
  • The company will host a call on Friday, April 26, 2024, at 8:30 a.m.
  • The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (International) +1 201-389-0877, and participants will be directed to an operator.