A Leidos (NYSE: LDOS) Dynetics subsidiary has received a potential four-year, $428.3 million contract modification from the U.S. Army to build prototypes of the Common-Hypersonic Glide Body system.
Dynetics Technical Solutions will perform work in Huntsville, Alabama, through July 23, 2027, the Department of Defense said Monday.
Army Contracting Command obligated $43.1 million in research, development, test and evaluation funds for fiscal year 2023.
In 2019, the Army awarded an other transaction agreement to a Dynetics-led team to develop C-HGB prototypes. The industry team includes Lockheed Martin (NYSE: LMT), General Atomics and Raytheon, now known as RTX (NYSE: RTX).
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Leidos holds the incumbent contract covering roughly 430 airport locations.
The IDIQ is expected to run through Sept. 23, 2031, with work locations to be determined with each order.
The Air Force has released a draft solicitation for the potential $2 billion GUARD IDIQ for integrated base defense security…
The combined capabilities of Detroit Defense and Athenix will support operations in complex and contested environments.
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