Chris Lynch, co-founder of software company Rebellion Defense, has left the company after five years, with his last day being Sept. 20th. Launched in June, the company now has a new executive line-up, with Tony Ieradi becoming the COO, Jane Lee as chief government affairs officer, Karen Dacres as the chief legal officer, and Barry Sowerwine as the interim CEO. The company has seen a 50 percent increase in annual contract value, which is helpful in minimizing risks, especially as Congress still needs to pass a budget for 2024.
The Dubai Air Show is set to be the largest to date with over 1,400 exhibitors from a hundred countries expected to attend. Several Chinese companies are expected to attend the show to strengthen relationships with regional players in the Middle East.
Viasat, a $2.33 billion satcom company, announced it would cut 800 jobs which will cost about $45 million for severance payments, benefits and other payments, most of which would occur in the latter half of fiscal year 2024. Switzerland, a military neutral country, is buying Lockheed Martin’s Patriot missile system and is the 15th country to buy the new version of the missile. Palantir company during its third-quarter earnings call said that the best way to “disrupt” prime contractors is to turn them into customers. The Navy has a new chief information officer, with Jane Rathbun officially assuming her duties on Oct. 29, and Rocket Labs company has added a retired lieutenant general, Nina Armagno to its board of directors.
