RTX (NYSE: RTX) will provide updated seeker, navigation and GPS receiver technologies to the U.S. Navy for integration into Tomahawk missile systems under two contract modifications and a task order worth $165.4 million combined. The Navy allocated $124.3 million to buy 42 Maritime Strike Tomahawk Seeker suites for low-rate production three of the s...
The Office of Strategic Capital was stood up in December of last year, marking a decisive move by the Department of Defense to direct financial support to the technology industry. OSC is particularly interested in funding projects and organizations related to “advanced materials, next-generation biotechnology and quantum computing,” per rep...
The State Department has approved Finland’s request to purchase Multiple Launch Rocket Systems with an updated configuration and related equipment from the U.S. government under a potential $395 million foreign military sale deal. Finland has requested services to modernize its M270A1 MLRS fleet into the M270A2 model to enhance interoper...
Sixty-six vendors have secured positions on a potential 10-year, $900 million contract to help the U.S. Air Force develop approaches needed to build multidomain systems in support of the service’s warfighting missions. The Air Force Life Cycle Management Center at Wright Patterson Air Force Base in Ohio received 70 offers for the indefinite-de...
Booz Allen Hamilton (NYSE: BAH) saw its revenue jump 18 percent to $2.65 billion during the first quarter of fiscal year 2024 and reported a net income of $161.4 million, up 16.9 percent from the prior-year period. The McLean, Virginia-based information technology and management consulting firm said Friday it ended the quarter with a total...
At the Potomac Officers Club’s 2023 Air Force Summit on July 18, retired Maj. Gen. Lee Levy said that too often, commentators reduce the conundrum of carrying out warfighting logistics in a contested environment to simply getting goods and services to the battlefield on time. While this is an important piece of the contested logistics puzzle,...
Northrop Grumman (NYSE: NOC) posted $9.6 billion in sales for the second quarter of 2023, up 9 percent from the prior-year period’s figure of $8.8 billion, and ended the quarter with a total backlog of $78.8 billion. The Falls Church, Virginia-based aerospace and defense contractor said Thursday its Q2 2023 net awards totaled $10.9 billion...
The Potomac Officers Club is hosting its 9th Annual Intel Summit on Thursday, September 21, 2023, bringing together leading voices from the intelligence community, government and industry to discuss the state of American intelligence and what lies ahead for the critical sector. As an organization under the Executive Mosaic umbrella, t...
Thirteen additional vendors will compete for work under a $950 million U.S. Air Force contract vehicle to build and demonstrate Joint All Domain Command and Control technologies for air, land, space, sea, cyber and electromagnetic spectrum operations. The indefinite-delivery/indefinite-quantity award encompasses the development and operation of mult...
Digital transformation efforts are sweeping the U.S. Department of Defense as the military services race to attain the benefits a strong digital ecosystem can offer. Achieving this goal requires swift, coordinated efforts across all involved parties, and according to experts in the field, the department must place a heavy emphasis on its people...
