In-Sight from March 2025

Appointments

INDEX Corp. announced Michael Huggett will succeed Cris Taylor as the company’s president & CEO. Huggett will assume leadership of the company during a transition period in April 2025, concluding with Taylor’s retirement at the end of that month. Huggett brings more than 30 years of industry experience. He started his career as a machinist, followed by roles of increasing responsibility at prominent machine tool builders. Most recently, he has served as the director of sales for INDEX since early 2017. Taylor took the helm of INDEX in January 2021 and has overseen much of the company’s growth. His retirement caps a 40-year career that began as a machine building apprentice and culminated in serving as CEO of multiple machine tool organizations throughout the past two decades.

For more:
https://www.index-group.com

For more:
https://www.hanwhaaerospace.com

Inserra most recently led the company’s aerospace business, where she oversaw the rapid scaling of innovative technical offerings for clients including the U.S. Air Force, U.S. Space Force, and NASA. Inserra will succeed Executive Vice President Judi Dotson, who is retiring in June 2025.

As president of the Defense Technology Group, Escaravage will focus on accelerating capability development for Booz Allen’s defense clients, which include all six branches of the U.S. military, the Office of the Secretary of Defense, NASA, and the Joint Staff.

For more:
https://www.boozallen.com

Reports

The global ground-based aircraft and missile defense systems market size is estimated to grow by $6.46 billion from 2025 to 2029, according to Technavio. Development of new-generation air and missile defense systems is driving market growth, with a trend toward increasing lethal threats posed by unmanned aerial vehicles. However, threats due to supply chain complexities pose a challenge. Key market players include ASELSAN AS, Elbit Systems, General Dynamics Corp., Hanwha Corp., Israel Aerospace Industries, Kongsberg Gruppen ASA, L3Harris Technologies, Leonardo Spa, Lockheed Martin, MBDA, Northrop Grumman, Rafael Advanced Defense Systems, RTX Corp., Rheinmetall AG, Saab AB, Thales Group, and The Boeing Co.

For more:
https://www.technavio.com

Contracts

Bechtel Plant Machinery Inc., Monroeville, Pennsylvania, was awarded a $175,647,555 cost-plus-fixed-fee modification to a previously awarded contract for naval nuclear propulsion components. Work will be performed in Monroeville, Pennsylvania and Schenectady, New York, and is expected to be completed by September 2033.

For more:
https://www.bpmionline.com

Oshkosh Defense LLC, Oshkosh, Wisconsin, was awarded a $18,962,231 modification to the delivery order for the procurement of Remotely Operated Ground Unit for Expeditionary Fires carriers for use in the Navy and Marine Expeditionary Ship Interdiction System. Work will be performed in Alexandria, Virginia; Gaithersburg, Maryland; and Oshkosh, Wisconsin. Work is expected to be completed in September 2026.

For more:
https://www.oshkoshdefense.com

Raytheon Co., Tucson, Arizona, is awarded an $8,188,022 cost-plus-fixed-fee modification to a previously awarded contract to exercise options for design agent and engineering support services for the Rolling Airframe Missile. Work will be performed in Tucson, Arizona, and is expected to be completed by March 2028.

For more:
https://www.rtx.com/raytheon

Northrop Grumman Systems Corp., Plymouth, Minnesota, was awarded a $17,051,836 modification contract for precision guidance kits. Work will be performed in Plymouth, Minnesota, with an estimated completion date of May 21, 2028.

For more:
https://www.northrop grumman.com

General Dynamics Electric Boat Corp., Groton, Connecticut, was awarded an $83,729,655 modification to a previously awarded contract for efforts related to completion of the USS Hartford engineered overhaul. Work will be performed in Groton, Connecticut, and is expected to be completed by November 2027.

For more:
https://www.gdeb.com