The Department of Defense continues to issue accelerated payments meant to help defense contractors withstand the impact of the COVID-19 pandemic even after the White House declared the health crisis over, Bloomberg reported Monday. In March 2020, DOD issued a memo that increases the progress payment rates for large businesses from 80 percent to 90...
Shawn Purvis, president and CEO of QinetiQ Group’s U.S. subsidiary, accepted her 2022 Wash100 Award, the most significant award of consequence to the government contracting community, during a recent visit by Executive Mosaic CEO Jim Garrettson to the company’s office in Lorton, VA. “Shawn Purvis has distinguished herself through a leaders...
Raytheon Technologies’ (NYSE: RTX) Pratt & Whitney subsidiary will provide military services, non-Department of Defense organizations and foreign military customers with spare parts for the F-135 aircraft propulsion system under a potential $769.9 million contract modification from the U.S. Navy. DOD said Friday the vendor will also supply mod...
A team of Raytheon Technologies (NYSE: RTX) and Northrop Grumman (NYSE: NOC) has won a five-year, $985.3 million contract to build and demonstrate an air-launched, scramjet-powered weapon system designed to operate at a speed greater than Mach 5. The service branch is obligating $100 million for the Hypersonic Attack Cruise Missile procurement effor...
The Department of Defense has stepped up efforts to encourage defense contractors to start decoupling their supply chains from China and begun using artificial intelligence to quickly determine whether raw materials, electronics and aircraft components come from China and other potential competitors, The Wall Street Journal reported Sunday. The U.S....
Anthony Robbins, vice president of the federal business at NVIDIA, accepted his 2022 Wash100 Award, the highest honor in government contracting (GovCon), from Executive Mosaic CEO Jim Garrettson during a recent visit to the company’s office in Herndon, VA. “Anthony Robbins is an artificial intelligence evangelist known to almost everyone in t...
Jackie Schmoll, a nearly two-decade defense and civilian market veteran, has joined Raytheon Technologies (NYSE: RTX) as vice president of requirements and capabilities for space and command and control systems. She is now part of Raytheon’s intelligence and space business unit where she will be responsible for developing and implementing grow...
Lockheed Martin (NYSE: LMT) will serve as the principal contractor on a State Department-authorized $450 million foreign military sale of F-16 sustainment services and related equipment to Pakistan. The proposed transaction calls for the consolidation of previous aircraft sustainment and support cases associated with the Pakistan air force’s F...
Mick Fox, chief operating officer of Technomile, has provided his latest feature as a member of Executive Mosaic’s GovCon Expert program on Tuesday. In his concluding article on the Federal Contract Management Maturity Model, GovCon Expert Mick Fox provided his insights into how organizations are evolving to the Future-Enabling level of matur...
The Defense Security Cooperation Agency has listed four prime contractors for a potential $141.1 million foreign military sale of ground command and control equipment to Morocco. DSCA said Thursday the State Department approved the possible FMS transaction that will involve General Atomics‘ aeronautical systems unit, Lockheed Martin (NYSE: LMT...
