Saab Inc., the U.S. business arm of the Swedish aerospace and defense company, has booked a $494.4 million contract from the U.S. Army for the production of XM919 Individual Assault Munition, or IAM. The Department of Defense said Tuesday the firm-fixed-price contract, which covers an unspecified amount of XM919 IAM, was awarded to Saab by the...
L3Harris Technologies (NYSE: LHX) has secured a more than $120 million order from the U.S. Marine Corps for multichannel handheld and vehicular radio systems. The company said Wednesday USMC placed the order under a 10-year, $750 million indefinite-delivery/indefinite-quantity contract for L3Harris-built Falcon IV handheld radios. Falcon IV is a sof...
Future Technologies Inc. has appointed Nathan Glass as vice president of finance, according to the executive’s LinkedIn post shared Wednesday. Glass spent five years at EverWatch, a Booz Allen Hamilton (NYSE: BAH) company, before joining FTI. He served as its director of compliance and special projects, director of financial pla...
The foreign military sales process, wherein international governments seek armaments and defense support from the U.S., is a complicated and highly bureaucratic system that stretches across multiple major agencies, not just the Department of Defense. Officials blame slow industrial base production, lack of Congressional funding and diffuse proc...
By Payam Pourkhomami, President & CEO of OSIbeyond Cybersecurity Maturity Model Certification requirements are here, and the clock is ticking for organizations affected by them. Per the Department of Defense’s estimates, starting in Q1 2025, all new DOD contracts will require self-assessment at CMMC Level 1 or Level 2 before award. By Q3 2...
Mia Jordan, a digital transformation executive at Salesforce (NYSE: CRM), discussed how artificial intelligence and the company’s ecosystem of more than 7,000 applications and consultants could help government agencies accelerate digital transformation efforts. In an article published on Carahsoft.com, Jordan wrote that AI could be divided into au...
By Kim Koster, Vice President of Industry Marketing at Unanet In fiscal year 2023, the U.S. federal government delivered a record $765 billion in contract awards. Almost all of these are competed over and require extensive investment to even be in consideration for the award. As a consequence, government contracting companies must not spread ...
Michael Drews, a more than 20-year Lockheed Martin (NYSE: LMT) veteran, has taken on the role of vice president for global situational awareness and NC3 advanced capabilities and mission strategy at the Bethesda, Maryland-based aerospace and defense contractor. He announced his new position in a LinkedIn post published Monday. In this role, Drews wi...
Just before the September 11, 2001 attacks, Bradford Powell joined U.S. Air Force ROTC at the University of Iowa because he wanted to actively serve the country after graduation, rather than sit idly behind a desk. As fate would have it though, post-9/11, he became an acquisition officer and ended up doing a fair amount...
Cybersecurity private equity firm Option3 has announced that its newly created platform focused on accelerating zero trust adoption, ENIGMA, completed the purchase of Onclave Networks. “With this acquisition, Onclave becomes the foundation for the ENIGMA Zero Trust platform, with technology that is now also being adopted by customers such as t...
