The State Department has cleared a potential $5 billion foreign military sales request of Germany to buy up to 600 Patriot Advanced Capability-3 Missile Segment Enhancement interceptors and related equipment and services from the U.S. government. The Defense Security Cooperation Agency said Friday Lockheed Martin (NYSE: LMT) will serve as the prime ...
The State Department has approved Israel’s request to buy F-15IA aircraft, advanced medium-range air-to-air missiles, 120mm tank cartridges, family of medium tactical vehicles and M933A1120mm high explosive mortar cartridges from the U.S. government under five foreign military sales agreements worth approximately $20.3 billion combined. The De...
Science Applications International Corp. (Nasdaq: SAIC) has received a potential five-year, $120 million contract from the U.S. Navy to continue providing support services for the Tactical Training Group Pacific’s fleet training mission. SAIC said Tuesday the cost-plus-fixed-fee contract awarded by Naval Supply Systems Command includes profess...
Lockheed Martin (NYSE: LMT) has secured a U.S. Navy contract modification worth $611.3 million to develop infrared and radar detection capabilities for the F-35 program. The Department of Defense said Friday the aerospace and defense manufacturer’s aeronautics business is tasked with providing Multi-Ship Infrared Search and Track Incremen...
The Department of State has approved a potential $580 million foreign military sales request of Norway to buy 16 M142 High Mobility Artillery Rocket Systems and related equipment and services from the U.S. government. The Defense Security Cooperation Agency said Friday Lockheed Martin (NYSE: LMT) will serve as the principal contractor in the propose...
On Aug. 15, the Potomac Officers Club will give you the chance to hear from top Navy officials and industry leaders at the 2024 Navy Summit! This event will host an elite lineup of experts who will come together to explore the ways in which the Department of the Navy is modernizing to tackle today’s challenges...
What Is RIMPAC? The Exercise Rim of the Pacific is the biggest international naval demonstration. Known as RIMPAC, it biennially gathers a group of willing ally nations to bring their most exciting tools and vessels and perform a series of exercises broken down into three movements: the harbor phase, the force integration training phase an...
The U.S. Navy has set the stage for sweeping changes in the coming years. With a reinvigorated focus on science and technology, a detailed plan for cyber operations and new ideas for its organizational structure, the Navy is on track for a major transformation. Dive into the Navy’s most important initiatives at the Potomac Officers...
The State Department has approved a potential $600 million foreign military sales agreement with the government of Slovakia to buy 12 AH-1Z attack helicopters, 26 T-700 GE 401C engines and related equipment and services from the U.S. government. The Defense Security Cooperation Agency said Wednesday Textron’s (NYSE: TXT) Bell subsidiary and Ge...
Parsons (NYSE: PSN) has agreed to buy BlackSignal Technologies for approximately $200 million to broaden its cybersecurity, artificial intelligence and electronic warfare capabilities and its client base across the Department of Defense and Intelligence Community. Chantilly, Virginia-based Parsons said Tuesday it expects the transaction to be comple...
