Canada has finalized a potential $14.2 billion agreement with the U.S. government to procure 88 Lockheed Martin-built (NYSE: LMT) F-35 Lightning II fighter jets for its air force. The Canadian government said Monday it expects initial F-35A deliveries to kick off in 2026 and anticipates the country’s air force to reach full operational capabil...
SpaceX aims to complete up to 100 orbital flights in 2023 as several rocket companies move to bring new launch vehicles into the government and commercial space markets, The Wall Street Journal reported Sunday. A report from astrophysicist Jonathan McDowell says the figure would reflect a 64 percent increase from SpaceX’s 61 launch missions in...
Lockheed, DOD Reach $30B Deal on F-35 Production Lots 15 to 17; L3Harris Completes Acquisition of Viasat’s Tactical Data Link Portfolio; Tetra Tech Eyes Federal IT Business Expansion With Amyx Buy; Q&A With SAP’s Carmen Krueger Click to Unmute...
Steve Dolski, former director of business finance at Serco Group’s North American subsidiary, has been appointed chief financial officer at SilverEdge Government Solutions. In this capacity, he will oversee SilverEdge’s financial planning and analysis, corporate accounting, pricing, program control, contracts and treasury functions as well a...
Halimah Najieb-Locke, a deputy assistant secretary at the Department of Defense, and other antitrust officials have expressed concerns over the impact of mergers and acquisitions among defense contractors on the industrial base’s ability to boost arms manufacturing and replenish supply amid demands in support of Ukraine, The Wall Street Journa...
Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has filed a protest with the Government Accountability Office asking GAO to assess the U.S. Army’s decision to award the potential $1.3 billion Future Long-Range Assault Aircraft development contract to Textron’s (NYSE: TXT) Bell subsidiary. “The data and discussions lead us to believe the pr...
A heavy-lift helicopter that Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary built for the U.S. Marine Corps has transitioned to the full-rate production phase. Frederick Stefany, acting assistant secretary of the Navy for research, development and acquisition, issued the decision for the CH-53K King Stallion aircraft following the evaluation of...
The year 2022 in government contracting featured new multibillion-dollar contract awards, major recompetes and some protests over agency procurement decisions. Before we shift into 2023, our editorial team is thrilled to share the most significant federal contracts of the past 12 months from Executive Mosaic’s media portfolio. Continue reading...
L3Harris Inks $4.7B Cash Deal for Aerojet Rocketdyne Buy; Navy Awards General Dynamics $5.1B for Follow-On Submarine Procurement; PSC Announces Exec Appointments for 2023; Advent to Acquire Maxar for $6.4B; Q&A With Lockheed’s Dan Rice Click to Unmute ...
Sikorsky, a subsidiary of Lockheed Martin (NYSE: LMT), has secured a potential $752.3 million supply chain management contract from the U.S. Navy to service two heavy-lift military helicopter platforms. The award has a five-year base value of $676.7 million to cover logistics support for the CH-53E Super Stallion and the MH-53E Sea Dragon, the Depar...
