U.S. Transportation Command has awarded contract modifications to FedEx (NYSE: FDX), United Parcel Service (NYSE: UPS) and Polar Air Cargo Worldwide to provide domestic and international small package delivery services.
The Department of Defense said Friday the command’s directorate of acquisition at Scott Air Force Base in Illinois expects work to occur worldwide.
The performance period will kick off on Oct. 1 and run through Dec. 31.
FedEx and UPS each received a potential $215 million modification on their firm-fixed-price, indefinite-delivery/indefinite-quantity contracts, bringing the total value of each of their IDIQ contracts to $2.56 billion.
Polar Air Cargo secured a $21 million modification on its IDIQ contract, increasing the amount of its contract to $220 million.
The merger implies a $638 million pro forma equity value and $370 million enterprise value for Space-Eyes The combined company…
Tyler Technologies has closed its acquisition of public safety software provider CODY Systems The deal will give Tyler rights to…
Peraton has received a $109.1 million contract from the U.S. Space Force to continue providing maintenance support for the Space…
HII posted $3.4 billion in fiscal 2026 second-quarter revenue The company logged $6.7 billion in new contract awards, bringing total…
Kleiner Perkins and ICONIQ led the round, joined by CapitalG, Lightspeed, ARK Invest and others The Space Force awarded K2…
Brandon Spencer has joined Compass Strategy Design as CFO and will oversee the company’s financial management and stewardship functions Spencer…
The all-cash transaction, valued at $450 million, is expected to close in the fourth quarter of 2026 pending regulatory approval…
CACI has landed a $500 million contract to deliver its SkyValor counter-drone technology to Joint Interagency Task Force 401 The…
Under the DHA contract, the 12 selected companies stand to share a combined $300 million to support PEO DHMS deployment…
The Senate has approved a resolution advancing Roger Mason’s NRO nomination Mason joined V2X in 2025 as chief growth officer…
Fifteen companies have secured spots on a Space Force IDIQ contract Contract performance is slated to run through July 2032…
Hughes will run PCI Federal’s AI practice and build out its advanced technology group His focus is moving agencies past…
You’ve already read all related articles.
VIDEO 
