The Defense Health Agency has issued $1.4 billion in contract modification to 33 small businesses to extend ordering period of the Medical Q-Coded Services program for another year. The action on the indefinite-delivery/indefinite-quantity contract raised the total cumulative face value of the MQS strategic sourcing program to $8.9 billion, the Depa...
The federal government gives away hundreds of billions of dollars in contracts each year. In fact, government spending on contracts amounted to $682 billion in 2020, which is the highest one recorded in the last five years. However, spending data is hard to find, and it isn’t easy to get an accurate picture of where...
Raytheon Technologies‘ (NYSE: RTX) missiles and defense business will manufacture Tomahawk missiles under a $217.1 million contract from the U.S. Navy and deliver the weapon systems to the service branch, the Army and Marine Corps. The fixed-price-incentive, firm-fixed-price contract provides for the full-rate production of Block V Tactical To...
Brightstar Capital Partners has wrapped up the partnership of its portfolio company ERC with Oasis Systems in a move aimed to combine complementary service offerings for federal and defense agencies. The combination came a month after Brightstar agreed to buy and merge Oasis Systems with ERC. ERC-Oasis will provide support services in various areas ...
Chris Pehrson, chief growth officer of Parry Labs, recently spoke with GovCon Wire regarding his motivation for joining the company as well as what he hopes to accomplish and focus on the mission of its customers and growth efforts for Parry Labs in the federal landscape. In addition, Chris Pehrson also discussed the work that Parry Labs...
Travis Chester, a finance executive with 25 years of industry experience, has been appointed senior vice president and chief financial officer at Cubic. He will report to Stevan Slijepcevic, president and CEO of Cubic and a 2022 Wash100 Award recipient, and be responsible for driving the company’s financial strategy, the defense technology pro...
As the U.S. Army forges ahead with its transformational modernization efforts, the service is focusing on data and leveraging it as a center of gravity for a host of critical capabilities. According to the Army Digital Transformation Strategy, published in October 2021, “The Army must adapt a data-driven mindset and embrace digital transforma...
Kaman (NYSE: KAMN) will purchase the aircraft wheel and brake division of Parker Hannifin for $440 million in a move aimed at expanding the former’s footprint in the aerospace and defense end markets and raising its aftermarket products position. Ian Walsh, chairman, president and CEO of Kaman, said in a statement Monday the acquisition is...
A Raytheon Technologies (NYSE: RTX) business unit has received a $422.7 million contract modification to produce hardware for a U.S. Navy family of air and missile defense radars. Naval Sea Systems Command will obligate the full amount on the award to cover options for AN/SPY-6(V) production work to be performed by Raytheon Missiles & Defense,...
Brent Wildasin, a retired U.S. Army veteran, and Dawn Legere, a two-decade defense industry veteran, will assume the roles of CEO and chief operating officer, respectively, at systems integration firm PD Systems starting on June 1. Wildasin will succeed Martin Ried, who will move to a new role on PD Systems’ board of directors, and...
