A Bloomberg Government report says the federal government’s total contract spending reached $682 billion in fiscal year 2020, a 14 percent increase from FY 2019 spending of $599 billion. BGOV said Thursday FY 2020 marks the fifth consecutive year of increase in contract spending and federal agencies primarily used $1.6 trillion in enacted FY 2020...
Raytheon Technologies (NYSE: RTX) will provide long-range, anti-ship cruise missile systems to Romania under an agreement between the European country and the U.S. Navy. The U.S. government is selling the Naval Strike Missile Coastal Defense System through the foreign military sales program to help Romanian armed forces to defend against targets on ...
Spire Global, a space-based data and analytics provider, will receive a convertible term loan worth $70 million from global investment firm Francisco Partners as part of a growth financing deal. Spire CEO Peter Platzer said in a statement published Friday the financing will help the San Francisco-based company accelerate the deployment of intersatel...
The State Department has approved Australia’s request to buy General Atomics-built MQ-9B remotely piloted aircraft, related equipment and services under a $1.651 billion foreign military sales agreement. The transaction includes the purchase of up to 12 units of MQ-9B, Multispectral Targeting systems-D EO/IR sensors, Lynx AN/APY-8 synthetic apertu...
Dallas-based telecommunication company COMSovereign Holding (Nasdaq: COMS) has agreed to acquire signal processing technology developer Innovation Digital through an $8 million transaction both parties expect to close within a 10-day period. COMSovereign said Wednesday the deal would add signal processing tools and intellectual property to the vendo...
MetTel has received authorization from the General Services Administration and the Cybersecurity and Infrastructure Security Agency to help federal customers connect to a network in accordance with the government’s Trusted Internet Connection guidelines. The company said Thursday it obtained authority to operate from the two agencies to offer ...
The U.S. Air Force has selected a Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace business to replace the wheel and brake system of 77 B-52 Stratofortress bombers as part of the branch’s fleet retrofit program. Collins said Wednesday it will use the Duracarb carbon disk technology to produce a new aircraft braking system for the bra...
Raytheon Technologies‘ (NYSE: RTX) Pratt & Whitney subsidiary has proposed its F100-PW-229 engine for the U.S. Air Force’s Boeing-built (NYSE: BA) F-15EX fighter aircraft. Pratt & Whitney’s proposal is for lots 2 through 9 of the service’s engine procurement schedule, the company said Wednesday. F100 has logged more than 28 milli...
The Missile Defense Agency has awarded $1.6 billion in contracts through fiscal year 2022 to Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: LMT) to conduct technology development and risk reduction work on the Next Generation Interceptor program. MDA received three proposals for the contracts and is obligating $291.9 million in research and...
The U.S. Air Force has named Boeing (NYSE: BA), L3Harris Technologies (NYSE: LHX), Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX) to its list of sources that could support the service’s plan to rapidly prototype a stand-in attack weapon within 60 months. SiAW is an air-to-ground weapon system that c...
