The U.S. Air Force has awarded RTX (NYSE: RTX) company Raytheon an approximately $1.05 billion sole source contract to upgrade the sensors on the F-22 Raptor fighter jets. The Department of Defense said Friday the fixed-price-incentive, undefinitized contract provides for Group B hardware, spares and support equipment. Work on the contract will be p...
The Defense Threat Reduction Agency has released a request for information notice for a planned indefinite-delivery/indefinite-quantity contract for support services. According to the notice posted on SAM.gov, DTRA seeks to assess available small business capabilities that could cover fully integrated subject matter expertise with advisory and assis...
Executive Mosaic’s GovCon Index recorded gains from Tuesday to Friday, ending the week at a record high of $5,538.65. Besides the 2.39% week-on-week gain, the index tracking the stock performances of 30 major government contractors registered a third straight winning week in August and a 4.74% month-on-month gain. Wall Street’s maj...
A joint venture of Lockheed Martin (NYSE: LMT) and RTX‘s (NYSE: RTX) Raytheon business has received a potential $1.3 billion follow-on contract from the U.S. Army to produce Javelin missiles and supply related equipment and services for the military branch. The companies said in a joint release published Thursday the follow-on award is part of...
Although elaborate technological demands are certainly one hurdle to the Department of Defense achieving Combined Joint All-Domain Command and Control, the quieter but no less pressing challenge is government bureaucracy, Breaking Defense reported earlier this month. “It’s a very complex political problem, I think the tech is the ea...
Booz Allen Hamilton (NYSE: BAH) has secured a potential $1.2 billion task order from the Department of Homeland Security to provide cybersecurity tools and related services for 13 government agencies. The company said Thursday the three-year award in support of the Cybersecurity Infrastructure Security Agency’s Continuous Diagnostics and Mitigatio...
Jordan Burris, former head of public sector strategy at Socure, has been elevated to vice president and general manager of public sector solutions at the artificial intelligence company. In his new role, Burris will oversee Socure’s team that collaborates with agencies to expedite taxpayer fraud losses and enlist inclusive access to gover...
In GovCon Wire’s latest Executive Spotlight interview, we sat down with Ashutosh Gokhale, chief financial officer and senior vice president of business management at HII Mission Technologies, to learn more about the company’s culture and its future endeavors. Since he joined HII in 2021, Gokhale has been responsible for Mission Technologies’ ...
MOXFIVE has received a growth investment from private equity firm Falfurrias Management Partners, bringing resources and new expertise to the cybersecurity company’s operations. Falfurrias said Wednesday Raymond James (NYSE: RJF) served as MOXFIVE’s financial adviser in the transaction. Mike Wager will continue to serve as CEO of MOXFIVE...
The foreign military sales process, wherein international governments seek armaments and defense support from the U.S., is a complicated and highly bureaucratic system that stretches across multiple major agencies, not just the Department of Defense. Officials blame slow industrial base production, lack of Congressional funding and diffuse proc...
