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REI Systems has been awarded a potential five-year, $112 million blanket purchase agreement to modernize an online-based grant management system for a Department of Health and Human Services agency that helps fund healthcare initiatives. The company said Monday it will support systems development services necessary to update the Healt...

Lockheed Martin (NYSE: LMT) has secured a potential $828.7 million contract from the U.S. Army to produce Guided Multiple Launch Rocket Systems for Finland, South Korea and Romania. The Defense Department said Friday. the full obligated amount at the time of award is from the Army’s fiscal 2016, 2017 and 2018 “ot...

Nelson Pedreiro, formerly chief engineer for strategic and missile defense systems at Lockheed Martin‘s (NYSE: LMT) space systems business, has been named head of the company™s Palo Alto, California-based advanced technology center, SpaceNews reported Wednesday. He will succeed Scott Fouse in the role and lead approximately 600 technician...

TYSONS CORNER, VA, March 26, 2018 ” General Dynamics‘ (NYSE: GD) mission systems business has joined the Homeland Security and Defense Business Council, where the company will help advance thought leadership engagement models in the homeland security field, ExecutiveBiz reported Friday. The council said Thursday General Dynamics Miss...

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a $239.7 million contract from the U.S. Navy to obtain long-lead materials, parts and components for the low-rate initial production of lot 12 F135 propulsion systems. The advanced acquisition contract will fund 46 F135-PW-100 engines f...

TYSONS CORNER, VA, March 13, 2018 ” Technical and Project Engineering has secured International Organization for Standardization ISO 9001:2015 and ISO 21500:2012 certification based on an assessment of its quality management systems and project management measures, ExecutiveBiz reported. CEO Louisa Long Jaffe said ...

The State Department has approved Sweden™s request to buy Patriot missile systems and related services from the U.S. government under a potential $3.2 billion foreign military sales agreement. Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) will serve as prime contractors in the proposed FMS deal that covers the pr...

Lockheed Martin (NYSE: LMT) has asked the Defense Department to reimburse $212 million in restructuring costs associated with its $9 billion purchase of Sikorsky Aircraft in 2015 on the grounds that the Bethesda, Maryland-based defense contractor has been delivering $8 in savings for every dollar spent through the acquisition, Bloomberg reported Wed...

Raytheon (NYSE: RTN) has secured a potential five-year, $150.2 million foreign military sales contract from the U.S. Army to help the government of Qatar deploy, install and sustain the country’s Patriot air defense systems and related equipment. The Defense Department said Friday the company will also provide configuration managemen...