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The Defense Department on Tuesday announced that the Pentagon Force Protection Agency detected a substance that is suspected to be ricin in two envelopes received at DoD™s remote mail screening facility. DoD said in a tweet that it handed over the suspicious mail to FBI for further analysis. The Wall Street Journal reported that the...

The Justice Department has given antitrust approval to United Technologies Corp. (NYSE: UTX) to pursue its approximately $30B acquisition of Rockwell Collins (NYSE: COL), Bloomberg reported Tuesday. UTC announced in September 2017 that it agreed to pay approximately $23B in cash and stock and assume $7B in net debt from the Cedar Rapi...

The General Services Administration has awarded contracts to 12 companies to support the Department of Agriculture™s information technology modernization efforts under the second phase of the Centers of Excellence program. USDA serves as the first “lighthouse” agency for the CoE program and the Phase II awards came two months after ...

AM General has tapped financial services firm Macquarie Group to seek out buyers for the South Bend, Ind.-based military ground vehicle manufacturer, Reuters reported Tuesday. Reuters estimates AM General is worth more than $2B based on the company’s recent contract wins and its limited liability corporation structure, which could offer a...

TYSONS CORNER, VA, October 1, 2018 ” Raytheon (NYSE: RTN) has implemented an agile development approach to update the baseline software of the Air and Space Operations Center Weapon System used by the U.S. Air Force, ExecutiveBiz reported Sept. 19. FlightGlobal reported Sept. 19 that the agile method has worked to help Raytheon introduce target...

TYSONS CORNER, VA, October 1, 2018 ” Advanced Concepts and Technologies International has been named a finalist for a Greater Washington Government Contractor Award as the “Contractor of the Year” in the category for companies with $25M to $75M in annual revenue, ExecutiveBiz reported Sept. 20. ACT I CEO Michael Niggel said in ...

Lockheed Martin (NYSE: LMT) and the Defense Department have sealed a potential $11.5B deal for the company to build 141 lot 11 F-35 fighter jets for the U.S. and foreign allies. The contract includes the delivery of 91 low-rate initial production F-35s for U.S. service branches, 28 jets for international partners and 22 units for foreign m...