The U.S. Navy has awarded 15 companies positions on a potential five-year, $245.9 million contract to conduct research, develop, test and evaluate undersea weapons and undersea defensive technologies. The Naval Undersea Warfare Center Division in Newport, Rhode Island, launched an online procurement process and received 15 offers for the multiple-aw...
The Space Development Agency has awarded prototype agreements worth approximately $2.5 billion combined to L3Harris Technologies (NYSE: LHX), Lockheed Martin (NYSE: LMT) and Sierra Space to build 54 satellites for the second tranche of the Proliferated Warfighter Space Architecture’s tracking layer.SDA Director Derek Tournear will deliver a keynot...
As space innovation accelerates, 2024 promises to be a year full of exciting rocket launches, satellite technology improvements and space exploration breakthroughs. Mark your calendars for these significant upcoming launches: If you’re interested in the increasingly vital space domain, you won’t want to miss exclusive insights at the Potomac Off...
The State Department approved a proposed $780 million sale of FIM-92K Stinger Block I missiles to NATO. The Defense Security Cooperation Agency said Friday that Lockheed Martin (NYSE: LMT) and RTX (NYSE: RTX) will be the lead contractors for the deal, which will support countries such as Germany, Italy and the Netherlands. NATO’s Support and...
Rocket Lab will design, produce and deliver 18 satellites to a U.S. government agency under a contract valued at approximately $515 million, SpaceNews reported Saturday. The company disclosed the contract in a Dec. 21 regulatory filing with the Securities and Exchange Commission and sources say the government customer is likely the Space Development...
Jeff Bezos-owned space company Blue Origin and private equity firm Cerberus have made bids for United Launch Alliance, a joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), The Wall Street Journal reported Thursday. Some people familiar with the matter said ULA has also drawn interest from aerospace and defense contractor Textron (NY...
Bob Busey, Jr., formerly vice president of operations and federal services at i-Link Solutions, has joined CACI International (NYSE: CACI) as senior vice president of supply chain management and purchasing, according to a LinkedIn post published Tuesday. He brings over three decades of defense and aerospace leadership experience, including nearly 25...
Judy Lewis has assumed the role of vice president of business winning at BAE Systems, she announced on LinkedIn Friday, moving from a VP position at Science Applications International Corp. (NYSE: SAIC). In her new capacity, she will oversee BAE’s business development, growth and capture efforts in the United States. During her ...
The State Department has approved a potential $400 million foreign military sale of high mobility artillery rocket system launchers and related equipment to the government of Italy. Lockheed Martin (NYSE: LMT) will serve as the principal contractor on the proposed FMS deal that includes the provision of 21 M142 HIMARS launchers and one M31A2 high-ex...
The State Department has approved a possible $1.95 billion sale of UH-60M Black Hawk helicopters to the government of Greece. Lockheed Martin (NYSE: LMT) subsidiary Sikorsky will complete the order as lead contractor, the Defense Security Cooperation Agency said Friday. The foreign military sale includes 35 Black Hawk helicopters as well as their co...
