Author: Naomi Cooper|| Date Published: September 27, 2023
The U.S. Army has exercised the second option period of its other transaction agreements with Griffon Aerospace and Texton Systems (NYSE: TXT) to continue to evaluate and demonstrate their vertical takeoff and landing system offerings.
The contract covers the evaluation of the companies’ Future Tactical Unmanned Aircraft System designs leading to a critical design review to establish a final system design and initial product baseline, the Army said Tuesday.
According to the service branch, the FTUAS Option 2 contract award follows the completion of the first agreement option period wherein submissions were evaluated against performance, open system architecture, cost, schedule and risk requirements.
The period ended in a preliminary design review of weapon system designs from Griffon Aerospace, Northrop Grumman (NYSE: NOC), Sierra Nevada Corp. and Texton Systems.
In the third agreement option period, downselected systems will be subject to flight demonstrations and third-party modular open systems approach verifications before undergoing developmental testing and operational demonstrations.
Textron Aviation Defense has been awarded a five-year, $150 million contract to provide sustaining engineering and program management, or SEPM, services…
Merlin, an aerospace and defense technology company, has appointed former PsiQuantum executive Mark Brunner as chief revenue officer. What Will Mark Brunner Oversee?…
Fortreum has acquired Kovr.AI, an AI-native cybersecurity compliance platform, to combine automated compliance capabilities with independent assessment services for federal…