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...
L3Harris Technologies (NYSE: LHX) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.7 billion in cash, or $58 per share, in a transaction that will allow the aerospace and defense contractor to further advance innovation and continue to deliver missile defense systems, hypersonics and other capabilities to the Department of ...
Thirty veterans of the government, industry and academia to serve on a federal advisory committee that offers strategic and policy recommendations to the National Space Council. Lester Lyles, a retired U.S. Air Force general and an independent consultant, was selected to chair the NSpC Users Advisory Group, the White House said Friday. Vice Presiden...
The Department of Commerce has cleared a joint NASA-National Oceanic and Atmospheric Administration program to acquire spacecraft that will follow the Geostationary Operational Environmental Satellite R Series. The agencies can now start the contracting process to build a Geostationary Extended Observations system and associated instruments, NOAA...
Boeing (NYSE: BA) and NASA have closed on a $3.2 billion contract for the production of core and upper stages to power Space Launch System rockets that will support future lunar exploration missions. The aerospace and defense company will use the funds to manufacture up to 10 SLS core stages for Artemis III and IV,...
The U.S. Air Force has awarded 92 companies positions on a potential 10-year, $900 million contract to come up with innovative approaches to advance the development of multidomain systems. The Air Force Life Cycle Management at Wright Patterson Air Force Base in Ohio is the contracting activity and received 94 proposals for the indefinite-delivery/i...
The State Department has approved Poland’s request to buy from the U.S. government M1A1 Abrams main battle tanks, other vehicles and related equipment through a potential $3.75 billion foreign military sales agreement. The Defense Security Cooperation Agency said Tuesday there will be 12 prime contractors on the proposed FMS transaction, which inc...
