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The U.S. Navy awarded General Dynamics’ (NYSE: GD) electric boat business a $517.2 million contract to supply components and perform maintenance on Virginia-class attack submarines. The contract extends the service branch’s previous procurement and delivery order for spare parts from General Dynamics Electric Boat, which was last modifie...
A new McAleese & Associates report shows that defense prime contractors posted a 7 percent to 9 percent rise in sales during the second quarter of 2022 and record-high backlogs as the Department of Defense accelerates contract awards. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the...
Dennis Carr, former executive vice president and chief operating officer of Savannah River Nuclear Solutions, has assumed the president and CEO roles at the Fluor-led (NYSE: FLR) management and operating contractor for the Department of Energy’s Savannah River Site in South Carolina, Defense Daily reported Tuesday. He succeeds Stuart MacVean, ...
Explore the largest military shipbuilding companies, building the U.S. Navy and Coast Guard fleet and ensuring maritime strength and security. Strengthening maritime presence has consistently remained a key priority of the U.S. federal government. In pursuit of this objective, the military engages in contracts with the largest shipbuilding co...
The federal government allocates substantial financial services amounting to millions and even billions of dollars to procure a diverse range of services encompassing defense, weaponry, healthcare, cybersecurity, space missions, and more. Federal agencies enter into contracts with private companies that offer these specialized services to accomplish...
The Department of Defense announced a $20 billion increase to the potential value of a contract vehicle for technology research and development services to the Department of Defense Information Analysis Center. DOD on Wednesday listed the modification awardees under its IAC Multiple-Award Contract, saying the ceiling boost brings the program’s...
A new McAleese & Associates report estimates most defense prime contractors recorded a 3 percent growth in sales during the first quarter of 2023, indicating that labor availability is improving and supply chain deliveries are starting to stabilize. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, offered an an...
Thirty-seven vendors have won spots on a potential 10-year, $32.5 billion multiple-award contract for the design, development, production and sustainment of training systems. The Training Systems Acquisition IV indefinite-delivery/indefinite-quantity contract covers analysis, installation, integration and testing support for aircrew, maintenance and...
Artificial Intelligence (AI) is one of the biggest trends in the world today, from generative AI to sophisticated cybersecurity, with a promise to transform the industry and society. While 84% of chief executives recognize AI’s importance in achieving their growth objective, most organizations are lagging behind the curve regarding AI and machine ...
General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has booked a $1.1 billion contract modification from the U.S. Navy to build two Block V Virginia-class submarines. The builder will use the funds to procure long-lead-time material and major components needed for the SSN 812 and SSN 813 construction projects, General Dynamics said Tuesday. ...
