A Lockheed Martin (NYSE: LMT) subsidiary has won a $220.8 million other transaction agreement to build a prototype of high-energy laser technology for the U.S. Army’s ground-based Indirect Fire Protection Capability weapon system. Aculight will provide development, integration, manufacturing, testing and delivery services to the IFPC-HEL progr...
Lockheed Martin (NYSE: LMT) logged an 8 percent increase year-over-year in fiscal 2023 second-quarter net sales to $16.7 billion, net earnings of $1.7 billion or $6.63 per share and a record backlog of $158 billion. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.5 billion to shareholders in the form of cash...
Intel’s (Nasdaq: INTC) foundry business has added Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) to the second phase of the Department of Defense’s Rapid Assured Microelectronics Prototypes-Commercial program. Northrop and Boeing will join IBM (NYSE: IBM), NVIDIA (Nasdaq: NVDA), Microsoft (Nasdaq: MSFT), Qualcomm (Nasdaq: QCOM) and other RAM...
Oshkosh‘s (NYSE: OSK) defense subsidiary will manufacture 116 more Enhanced Heavy Equipment Transporter System trailers for the U.S. Army under a $57 million order. The additional EHETS order is part of a competitively awarded contract in September 2022, worth potentially $263.2 million over five years, the company said Tuesday. Dutch trailer ...
Each year, the federal government allocates substantial funding toward defense and security contracts. Government agencies, such as the Department of Defense and the US Armed Forces, tap into the expertise of multiple companies dedicated to developing and providing cutting-edge solutions for defense and warfare initiatives across various domains, su...
Semiconductor chips underpin nearly every technology, weapon system and digital capability across the Department of Defense, making them increasingly important for a wide array of government and military missions. However, the United States’ production of these chips has fallen in recent decades, threatening our technological standing on the globa...
The State Department has released a solicitation for a five-year, $650 million contract vehicle to procure support services for its Global Antiterrorism Training Assistance program. GATA III is an indefinite-delivery/indefinite-quantity contract recompete of foreign law enforcement training services and has one-year base period along with four optio...
The government contracting industry’s confidence in its future revenues has recovered from a COVID-19-prompted dip. The market’s assurance in its ability to drive new business has increased by 1.6 percent from a year ago, returning what’s known as the GovCon Confidence Index, or GCCI, to pre-pandemic levels. GCCI is measured by Deltek’s Cl...
The Small Business Administration has finalized its rule to increase access and diversify its existing funding program for small businesses and startups in underserved communities. SBA said Monday the new rule will take effect Aug. 17 to modernize the Small Business Investment Company program by introducing an alternative borrowing structure to alig...
Integrated Data Services has received a sole-source contract worth nearly $100 million to provide the U.S. Air Force with a commercial off-the-shelf system for program and financial management. Using the Comprehensive Cost And Requirement system, IDS subject matter experts will support enterprise operations at Wright-Patterson Air Force Base in Ohio...
