The State Department has approved a foreign military sale of multimission military helicopters, manufactured by Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary, to Australia through a $1.95 billion government-to-government transaction. Australia requested to buy 40 UH-60M Black Hawk helicopters along with a range of additional items such as ...
Lockheed Martin (NYSE: LMT), Astrobotic Technology and Honeybee Robotics have been shortlisted from an initial roster of five companies to continue developing vertically deployable solar array systems meant for use on robotic and human missions to explore the moon. The downselected entities will receive $19.4 million in total funds to build prototyp...
Gary Lac, a two-decade biometrics and identity management industry veteran, has been appointed vice president of solutions development at the U.S. subsidiary of Japanese information technology company NEC Corp. He will oversee NEC Corporation of America products across digital services, national security and state and local government verticals, the...
The U.S. Air Force has awarded five companies positions on a potential 10-year, $975 million contract to perform technology maturation and risk reduction work under a program that seeks to build prototypes of an adaptive engine for next-generation fighter aircraft. The awardees are General Electric’s (NYSE: GE) Edison Works business, Raytheon Tech...
A new McAleese & Associates report shows major defense prime contractors posted sector operating margins of approximately 11 percent in the second quarter of 2022, reflecting limited impact from the current 8.5 percent inflation. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q2 2...
Booz Allen Hamilton (NYSE: BAH) said its move to acquire cybersecurity firm EverWatch would allow it to secure “billions of dollars” worth of contracts and compete with rival contractors such as Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX), Defense News reported Monday. In March, Booz Allen agreed to buy EverWatch as part of...
The United Arab Emirates has asked to procure Terminal High Altitude Area Defense systems, manufactured by Lockheed Martin (NYSE: LMT), from the U.S. government under a potential $2.245 billion foreign military sales deal cleared by the State Department. UAE’s procurement request includes 96 THAAD missile rounds along with four launch control ...
Rolls-Royce‘s North American subsidiary has received an $854.4 million indefinite-delivery/indefinite-quantity contract from Naval Air Systems Command to fix engines of tactical aircraft flown by the U.S. Marine Corps and Kuwait’s military. Under the five-year contract, Rolls-Royce will perform depot-level services to repair and maintain...
The State Department has approved a $300 million foreign military sale of launcher technology and support services for an anti-tank missile system, manufactured by a partnership between Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT), to the British government. The U.K. asked to procure 513 Javelin Lightweight Command Launch Units for use in th...
The State Department has approved a potential $8.4 billion foreign military sales agreement with the German government for 35 units of F-35 Joint Strike Fighter, missiles, related equipment and program support services. The NATO ally also asked to purchase F135-PW-100 engines for the conventional take off and landing aircraft, AIM-120C-8 advanced me...
