In this article we will take a look at the 20 largest defense contractors in the world. You can skip our detailed analysis of these companies, and go directly to the 5 Largest Defense Contractors in the World. The global military economy has been transformed over the last decade by trends in military expenditure and […]
Although this week is starting quietly with the U.S. celebrating Memorial Day, there will still be plenty of noise with earnings reports from Zoom (NASDAQ: .
CALIBRE Commits to IT Transformation with Charles Onstott as CTO
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Charles Onstott, Vice President, Chief Technology Officer
Onstott will foster innovation and grow the company through the development and application of new and existing enterprise IT solutions. ALEXANDRIA, Va. (PRWEB) May 27, 2021 CALIBRE Systems, Inc. (CALIBRE) announced the addition of Charles Onstott as Vice President, Chief Technology Officer (CTO). In this role, he will work closely with CALIBRE’s Growth Team and Operations Divisions to identify opportunities and mitigate risks for delivering the company’s IT services, including identification of competitive services, opportunities for innovation, and assessment of marketplace trends, obstacles, and technical hurdles to the success of the employee-owned business. Additionally, he will serve as a key leader in CALIBRE’s Corporate and Executive Leadership Teams.
Top Defense Contractors in 2021
The defense industry is an extremely lucrative sector that is thriving as countries ramp up their military spending amid the changing geopolitical situation. The United States tops the list of the world’s biggest military spenders with a military budget of $940 billion. China, India and Russia are some of the other notable companies that spend a fortune every year on defense.
Major countries hire defense contractors for military equipment, services and maintenance of their defense systems. The U.S. Department of Defense has contracts worth billions of dollars with organizations from around the world. The prime contractors of the U.S. Department of Defense include The Boeing Company (NYSE: BA), Northrop Grumman Corporation (NYSE: NOC), and Huntington Ingalls Industries, Inc. (NYSE: HII).