Lockheed Martin has reported 2024 net sales of $71 billion, a 5 percent increase from $67.57 billion generated in 2023, and backlogs of $176 billion compared to just $160.6 billion the year prior. The company said in its recent earnings release that it is expecting a modest increase in net sales in 2025. “2024 was...
The Federal Aviation Administration has awarded Science Applications International Corp. a potential five-year, $122.9 million contract to provide IT support services for the FAA Enterprise Services Center, or ESC, at the Mike Monroney Aeronautical Center in Oklahoma City. According to an award notice published Tuesday, the indefinite-delivery/indef...
While the Potomac Officers Club’s upcoming 2025 5G Summit is set to feature a host of representatives from the Department of Defense, the event is not just a networking destination for defense contractors. One key speaker especially will bring extensive insights from his experience working to spread a spirit of innovation in the federal civil...
By Payam Pourkhomami, President & CEO of OSIbeyond The Department of Defense’s Dec. 16, 2024 final rule on the Cybersecurity Maturity Model Certification program marks a decisive shift in how defense contractors must approach cybersecurity compliance. Under the CMMC clause (DFARS 252.204-7021), contractors must meet one of three certificat...
President Donald Trump on Monday signed an executive order directing federal employees to return to office five days a week, Reuters reported. In a statement posted Monday on the White House’s website, the president ordered the heads of all departments and agencies within the government’s executive branch to “take all necessary ste...
The State Department has approved Zambia’s request for Bell 412 Enhanced Performance Exportable Medium-Lift Transport Helicopters and related items valued at an estimated $100 million. The Defense Security Cooperation Agency said Monday it has notified Congress of the potential agreement with Bell Textron possibly serving as the principal...
Sentient Digital Inc. has acquired Maritime Surveillance Associates for an undisclosed sum to expand its sonar and acoustic technological capabilities for the U.S. Navy and partner countries. SDi said Monday the transaction enables it to focus on maritime security, cloud-based advanced analytics, foreign military sales and other key growth areas. &#...
The U.S. Navy has awarded Raytheon a $333.3 million contract to produce Standard Missile-6, including spares and round design agents. The cost-plus-fixed-fee contract includes options that, if exercised, would bring the cumulative value of the effort to $908.1 million, the Department of Defense said. Navy Contract Scope The SM-6 missiles and e...
Aaron Weis needs little introduction. The technology maven built a reputation through years spent as a chief information officer and business leader in the private sector at small and midsized companies, before becoming a senior advisor to the Department of Defense CIO in 2018. He had overseen technology divisions of multibillion-dollar organization...
Marin Halper has been appointed vice president of the Department of Defense and services center at MITRE, he announced on LinkedIn Tuesday In his new role, Halper will lead efforts supporting the National Security Engineering Center within the company’s national security sector. He will supervise a workforce tasked with addressing ch...
