Search Results for: defense contractors

Defense Contractors Ask Government to Backfill DoD Money Used to Cover COVID-19 Expenses

Pentagon

The CEOs of eight defense contractors wrote separate letters to the White House and the Department of Defense saying that the money sourced from DoD’s budget to help companies retain highly skilled employees during the COVID-19 pandemic should be replaced with new funds to prevent military modernization programs from being jeopardized, Reuters reported Thursday.

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Defense Contractors will be Held to Higher Cyber Standards

Defense contractors will soon be held to the same cybersecurity standards that the Defense Department has implemented  in recent years, according to a top IT official at the Pentagon. “The cyberthreat is not going away; we have to defend our networks and systems, and you’re part of that defense,” acting …

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Exostar Gets Commitment From 4 Defense Contractors for Updated Risk Mgmt Service

TYSONS CORNER, VA, April 22, 2016 — Exostar has said BAE Systems, Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) have committed to deploy its updated risk management service for defense contractors, ExecutiveBiz reported Thursday. The update includes a questionnaire that works to help contractors cover all the security …

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Four Major Defense Contractors Report 3rd Quarter Earnings Growth

Four of the largest American defense contractors released third quarter financial results on Oct. 26, 2011. Lockheed Martin (NYSE: LMT) Northrop Grumman (NYSE: NOC) General Dynamics (NYSE: GD) Boeing (NYSE: BA) Lockheed Martin reported $665 million in earnings from continuing operations, an increase of 19 percent from the third quarter of …

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Forbes Raves About ‘Virginia Mecca’ of Defense Contractors

Forbes.com recently sought out to answer why northern Virginia has become the mecca for military contractors. The publication identifies the 1991 migration of General Dynamics from St. Louis to Falls Church, Va., as the start of a domino effect that has seen the majority of the 20 largest U.S. military contractors …

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Defense Contractors Share $600M Air Force Contract

General Dynamics Corporation, Northrop Grumman Corporation, and Ball Aerospace & Technologies Corporation have been awarded parts of a $600 million U.S. Air Force contract. The companies are expected to split the work on the National Air and Space Intelligence center’s advanced technical exploitation program.

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Navy Taps 4 Contractors to Help Develop Defense Readiness Support System

Four contractors will compete for task orders under a U.S. Navy contract to perform systems engineering and other technical support work on a Defense Department system intended to collect and report data on readiness. The Navy will award the orders under the potential five-year indefinite-delivery/indefinite-quantity contract that includes two option years, …

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14 Contractors Win Spots on $230M Army Medical Command Design-Build Contract

Fourteen companies will compete for design-build construction projects through a potential three-year, $230 million contract intended to support the Army Medical Command. The Army Corps of Engineers received 21 bids for the firm-fixed-price contract via the internet and estimated that contractors will finish work by Feb. 29, 2024, the Department …

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GSA to Remove Non-Defense Innovation Unit-Approved Drones From Multiple Award Schedules

The General Services Administration will remove from Multiple Award Schedules contracts unmanned aircraft systems and other drones to address potential security risks associated with the use of such devices. GSA said Tuesday its decision does not cover drones approved by the Defense Innovation Unit under the Blue sUAS program, which …

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Industry Execs Say Open Architecture Could Lower Defense Market Entry Barriers, Drive M&A Pursuits

Mergers and Acquisitions

BAE Systems and Dcode executives said at Baird's Government & Defense Conference earlier this month that open architecture and modular systems design requirements could make it easier for technology vendors to enter the federal market, the Washington Business Journal reported.

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