The State Department has approved the government of Turkey's request to procure 40 F-16V Block 70 multi-role fighting aircraft and related equipment from the U.S. under a potential $23 billion foreign military sales agreement. Lockheed Martin (NYSE: LMT) will serve as the principal contractor on the proposed deal, which includes 32 F-16C and ei...
The Department of Defense is perpetually concerned with how to best diffuse and counteract missile threats from near-peer adversaries. Hence, systems like the U.S. Army’s Indirect Fire Protection Capability, or IFPC. This deterrence mechanism is meant to dispose of incoming cruise missiles and drones and protect fixed and semi-fixed targets from ...
The National Geospatial-Intelligence Agency has awarded four companies spots on a potential seven-year, $794.1 million indefinite-delivery/indefinite-quantity contract for research and development services. The IDIQ has a base ordering period of five years and two option years and provides for R&D services in support of the NGA's Research a...
Executive Mosaic, the preeminent media, events and membership organization of the government contracting sector, is proud to announce the winners of the prestigious 2024 Wash100 Award. Each year, Executive Mosaic’s coveted Wash100 Award recognizes the most promising and outstanding executives to watch in the coming year. Read below for the full l...
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...
