The U.S. Army Engineering and Support Center in Huntsville has released a draft solicitation for a potential 10-year, $3 billion multiple-award task order contract to provide energy and water conservation services at federal facilities. The fourth iteration of the Energy Savings Performance Contracts vehicle will cover services to help federal agenc...
Bulgaria has secured U.S. State Department approval to procure 183 General Dynamics-built (NYSE: GD) Stryker armored fighting vehicles under a potential $1.5 billion foreign military sales agreement. General Dynamics Land Systems will serve as the principal contractor on the proposed FMS deal that includes infantry carrier vehicles; ICV – Drag...
IFS has agreed to acquire Falkonry, a California-headquartered developer of artificial intelligence-powered software, in a push to expand its enterprise software offerings for defense and manufacturing industries. The transaction will combine Falkonry’s automated, self-learning anomaly detection tool with IFS’ AI-based planning, scheduli...
The State Department has cleared a potential $500 million foreign military sale to Taiwan of F-16 infrared search and track systems, produced by Lockheed Martin (NYSE: LMT) and related equipment through a government-to-government transaction. Taiwan’s economic and cultural representative office asked to procure IRST systems, integration and te...
Poland has requested to purchase 96 AH-64E Apache Helicopters and related equipment from the U.S. government under a potential $12 billion foreign military sale deal cleared by the State Department. Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) will serve as principal contractors on the proposed transaction that would include aircraft engines, n...
Amentum will deliver life-cycle support and other follow-on technical services to eligible international naval forces under a potential five-year, $591.6 million contract with the U.S. Navy. The Naval Undersea Warfare Center Division in Keyport, Washington, received four proposals for the indefinite-delivery/indefinite-quantity contract through a co...
The State Department has approved Australia’s request to procure up to 22 M142 High Mobility Artillery Rocket System launchers and related equipment from the U.S. government under a potential $975 million foreign military sale agreement. The proposed FMS transaction includes unitary and alternative warhead missile pods for the Guided Multiple ...
The White House Office of Science and Technology Policy and the Office of Management and Budget have issued a memorandum outlining the current administration’s research and development priorities to guide federal agencies as they formulate their budget submissions for fiscal year 2025. One of the multiagency R&D priorities is advancing trustwo...
Lockheed Martin (NYSE: LMT) will provide F-35 Joint Strike Fighter program management, nonrecurring requirements and training support for the government of Germany under a potential $622.4 million contract with the U.S. Navy. Work on the cost-plus-fixed-fee contract will occur in Texas, Florida and South Carolina through December 2027, the Departmen...
Shankar Rachkonda has been an entrepreneur at heart for a long time, so it wasn’t a question if he was going to start a business, just a matter of when. After earning a mechanical engineering bachelor’s degree and a Ph.D. in engineering, he built a career working in large businesses serving government and commercial entities as...
