In-Sight from June-July 2024

Appointments

Ontic, a licensor and manufacturer of complex engineered parts for the global aerospace and defense industries, announced Jack Karapetyan as vice president and GM of Global MRO Operations. Karapetyan is tasked with improving existing operations and winning new manufacturing, repair, and overhaul (MRO) business for the company. His primary responsibilities will be assessing existing MRO operations, ensuring a cohesive and global approach to MRO within Ontic, and ultimately growing this part of the business.

FOR MORE: https://www.ontic.com

Rancher Government Solutions, a provider of enterprise Kubernetes management solutions for government agencies, announced the appointment of Brian Shimkaveg as the senior director of Department of Defense & Intelligence Community (D&IC) Sales. The hire solidifies and expands Rancher Government Solutions’ footprint within the D&IC sectors and its dedication to supporting the modernization of mission-critical information technology (IT) systems. Shimkaveg has more than two decades of experience in the technology and public sector. A graduate of the U.S. Naval Academy and Duke University’s Fuqua School of Business, Shimkaveg has held several senior roles at Falkory, Red Hat, and Boeing where he spearheaded sales strategies and cultivated strong relationships within his public sector customer base.

FOR MORE: https://ranchergovernment.com

Ballistic protection market

The ballistic protection market is projected to grow from $13.4 billion in 2022 to $16.9 billion by 2027, at a compound annual growth rate (CAGR) of 4.7%. Rising political unrest in emerging economies is a major factor driving demand in the ballistic protection market.

The ballistic protection market is segmented into II and IIA, III and IIIA, and IV. A level IV hard plate is designed to defeat armor-piercing projectiles and is projected to lead the market. Mostly used by tactical police teams and the military, level IV ballistic armor offers protection against large, high-velocity bullets and can stop rounds fired by rifles and submachine guns. The homeland security segment is projected to grow at a higher rate than the military segment. Ballistic protection systems markets are also growing in the Asia Pacific region because of rising defense spending in Australia, India, China, Japan, and South Korea.

FOR MORE: https://www.marketsandmarkets.com

Contracts

Thomas Instrument, Brookshire, Texas, was awarded a $43,715,148 contract for overhaul of the B-2 weapons bay door power drive unit. This contract provides for the overhaul of five units per year for five years. Work will be performed in Brookshire, Texas, and is expected to be completed by April 2029.

FOR MORE: https://www.thomasinstrument.com

Colt’s Mfg. Co. LLC, W. Hartford, Connecticut, was awarded a $26,675,000 contract for Colt M4A1 carbines, suppressors, and flash suppressors. Work will be performed in West Hartford, Connecticut, with an estimated completion date of August 2024.

FOR MORE: https://www.colt.com

Lockheed Martin Missiles and Fire Control, Grand Prairie, Texas, was awarded an Other Transaction Authority agreement with a ceiling of $170,202,800 to evaluate enabling technologies for possible integration into a prototype weapon system. Work will be performed in Orlando, Florida; Bothell, Washington; Mooresville, North Carolina; Jupiter, Florida; Portland, Oregon; Simsbury, Connecticut; Boulder, Colorado; Mukilteo, Washington; Bedford, New Hampshire; Bristol, Pennsylvania; Huntsville, Alabama; Joplin, Missouri; and Grand Prairie, Texas, with an estimated completion date of February 2027.

FOR MORE: https://www.lockheedmartin.com

Raytheon Co., Tucson, Arizona, was awarded a $49,441,113 contract for the procurement of low-rate initial production units of the Navy Marine Expeditionary Ship Interdiction System Launcher. Work will be performed in Tucson, Arizona; Mooresville, North Carolina; and Kongsberg, Norway. Work is expected to be completed by April 2027.

FOR MORE: https://www.rtx.com/raytheon