Austal USA was awarded a $273 million contract option by the U.S. Coast Guard to construct a second Stage 2 Heritage-class Offshore Patrol Cutter, or OPC. The shipbuilding company said Wednesday the contract also covers the procurement of long lead-time material needed to build a third Stage 2 OPC. The contract falls under a broader contract...
L3Harris Technologies will serve as the principal contractor in a proposed $404 million foreign military sale that the Department of State approved to support Australia’s MC-55A aircraft fleet. The Australian government requested to buy MC-55A Baseline 2 upgrades and related equipment and services, including major and minor modifications, spare pa...
LMI has appointed Jared Summers and Joseph Norton to key leadership roles, aligning with the company’s efforts to expand its technology organization. Boosting Technology Delivery The McLean, Virginia-based company said Tuesday the strategic expansion aims to enhance its ability to deliver off-the-shelf, ready-to-deploy services ...
Leidos reported $4.25 billion in fiscal year 2025 second-quarter revenue, up 3 percent from the prior-year period, and attributed the revenue growth to increased demand across all customer segments, particularly in defense systems due to strong demand for military technologies. In an earnings release published Tuesday, the defense and IT services co...
“The Ukrainian government has secured United States approval to procure equipment, repair services and sustainment support for M777 howitzers and transportation and consolidation services in support of security assistance programs and other related elements of logistics and program support. The Department of Defense is working to strengthen it...
Jon Rucker, CEO of Ultra Intelligence & Communications, has accepted the 2025 Wash100 Award from Executive Mosaic CEO Jim Garrettson. Rucker, now a two-time Wash100 awardee, is being recognized for driving company growth through major contract wins and for his role in delivering mission-critical capabilities to American warfighters and allies. F...
Peraton has named Jeremy Savoy, a seasoned technologist, as chief technology officer of XaaS. Savoy announced his appointment in a LinkedIn post shared Tuesday. Savoy’s Career Highlights Savoy previously held the position of director of Xaas strategy and solutions at both Red River and SMS Data Products Group. He was the se...
When the Inflation Reduction Act, or IRA, and Creating Helpful Incentives to Produce Semiconductors—a.k.a. CHIPS—Act were passed, they introduced more than 30 new tax provisions, each one complex, time-sensitive, high-profile and collectively represented about $1.2 trillion in tax credits over the next 10 years. But instead of defaulting to the...
HII posted its financial results for the second quarter of fiscal 2025, with $3.08 billion in revenue, up 3.5 percent year over year. Q2 2025 Highlights In an earnings release published Sunday, the global engineering and defense technologies company said revenue exceeded its $2.93 billion forecast by 5.12 percent. The company posted earnings pe...
V2X has secured an indefinite-delivery/indefinite-quantity contract valued at $4.3 billion from the U.S. Air Force to support T-6 Texan II single-engine primary trainer aircraft. The company said it will provide base supply support to ensure that the aircraft is safe, flyable and capable of meeting its daily flight schedules and depot requirements a...
