The U.S. and the United Arab Emirates have signed an agreement for the UAE to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets and up to 18 drones, Reuters reported Thursday. The F-35s are part of a potential $23 billion deal that includes the procurement of high-tech weapons systems from Lockheed, General Atomics and...
R. Clarke Cooper, assistant secretary of state for political-military affairs, said the U.S. government is expected to sign a potential $23.37B deal for the sale of Lockheed Martin-built (NYSE: LMT) F-35 fighter jets, drones and other weapons systems to the United Arab Emirates before the Trump administration ends, Defense News reported Friday. “B...
The State Department has approved Kuwait’s request to buy Boeing-built (NYSE: BA) AH-64E Apache helicopters, related equipment and services under a potential $4B foreign military sales agreement....
A spending package that includes $900B in COVID-19 relief funds is now headed to the White House for President Donald Trump’s signature after the Senate passed the bill in a 92-6 vote late Monday, The Wall Street Journal reported Tuesday. The Senate’s decision came hours after the House voted 359-53 to approve the relief measure and a $1.4T spen...
On January 7th, Potomac Officers Club’s 5G Summit will feature notable federal and industry leaders on the “5G Space: The Ultimate Connected High Ground” Panel. The panelists will discuss emerging programs, priorities and challenges within the integration process of the new 5G framework. To register for the 5G Summit, and view other upcoming e...
Oroco Capital to Buy AECOM Civil Construction Business; Troy Rudd Quoted AECOM has entered into a definitive agreement to sell its civil construction business, including the Shimmick Construction unit, to Oroco Capital. AECOM said Thursday it expects to complete the sale in January upon the satisfaction of customary closing conditions. ArchInte...
South Korea's defense acquisition program administration expects to finalize an estimated $878M foreign military sales contract with the U.S. government to procure a dozen MH-60R Seahawk naval helicopters built by Lockheed Martin's (NYSE: LMT) Sikorsky subsidiary, Defense News reported Wednesday....
Kathy Warden – chairman, CEO and president of Northrop Grumman (NYSE: NOC) and a 2020 Wash100 winner -- has been appointed to succeed Kelly Ortberg as chairman of the Aerospace Industries Association's board of governors. AIA named Mike Petters, president and CEO of Huntington Ingalls Industries (NYSE: HII) and a previous Wash100 awardee, as...
The U.S. Army has obligated $507M in fiscal 2021 aircraft procurement funds on a contract modification for the HH-60M and UH-60M variants of the Black Hawk helicopter being manufactured by Lockheed Martin's (NYSE: LMT) Sikorsky subsidiary....
Leidos (NYSE: LDOS) will continue to help the Federal Aviation Administration integrate and implement National Airspace System modernization programs under a follow-on contract worth potentially $1.76B over 10 years....
