RTX has secured a $50 billion umbrella contract for the company to supply its systems and end-item production, spare parts, services and other support to the Patriot missile defense program. The award provides a 20-year term without option periods, with scheduled completion on July 31, 2045 and performance locations inside and outside the cont...
Lockheed Martin has received a potential $202.8 million contract from the U.S. Navy to provide engineering and technical support services for the service branch’s submarines. Hear experts discuss the latest contracting opportunities, tech advances and trends shaping the future of naval operations at the Potomac Officers Club’s 2025 Navy ...
The Department of Transportation’s Maritime Administration, or MARAD, has awarded 20 contracts worth $6.2 billion combined to seven companies to manage its fleet of 51 Ready Reserve Force, or RRF, ships to strengthen national security and restore U.S. maritime dominance. Ready Reserve Force Fleet Management Contracts MARAD said Wednesday the 1...
DOD’s space enterprise continues to evolve its acquisition strategy culture by cancelling contracts for poor performance and emphasizing delivering critical warfighting capability, not future promises, Maj. Gen. Stephen Purdy said Thursday at the Potomac Officers Club’s 2025 Air and Space Summit. Purdy, the acting assistant secretary of...
Palantir has secured an enterprise agreement, or EA, from the U.S. Army to provide commercial software to warfighters. The EA consolidates 75 contracts into a single deal to ensure that required capabilities are delivered as soon as possible and to eliminate contract and reseller pass-through fees, the Army said Thursday. Palantir’s 10-Year Ar...
John Ustica, president and CEO of Siemens Government Technologies, has accepted the 2025 Wash100 Award during a recent visit from Executive Mosaic CEO Jim Garrettson. “John’s leadership at Siemens Government Technologies continues to stand out as he guides the company toward innovative, high-impact contracts like the $107 ...
Cybersecurity company Palo Alto Networks has agreed to acquire identity security company CyberArk in a cash-and-stock transaction valued at approximately $25 billion. Palo Alto Networks-CyberArk Combination Palo Alto said Wednesday it expects the acquisition to close in the second half of its fiscal year 2026, subject to approval by CyberArk shareho...
By Yigit Guney, co-founder, CLEATUS Most capture teams still lean on saved searches and inbox alerts, but the real signals live inside the PWS, SOW, Section J attachments, Q&A and amendments. Fragmented portals and constant updates make surface-level monitoring too slow for today’s pace. To stay ahead, leaders need to shift from metadata ...
Boeing’s defense, space and security, or BDS, business reported $6.6 billion in fiscal 2025 second-quarter revenue, up 10 percent from the prior-year period, and posted an operating margin of 1.7 percent. In an earnings release published Tuesday, the BDS segment ended the second quarter with a backlog of $74 billion, with customers outside the...
Firefly Aerospace has launched an initial public offering roadshow with plans to offer 16.2 million shares of common stock priced at $35 to $39 per share. The company said Monday it also intends to give the underwriters a 30-day option to buy an additional 2.43 million shares of its common stock at the initial offering...
