L3Harris Technologies (NYSE: LHX) has won a potential six-year, $378.9 million contract to equip the U.S. Navy, Marine Corps and Foreign Military Sales customers with a real-time sensor netting system for integrated fire control and situational awareness. Aside from producing the Cooperative Engagement Capability system, the contractor will also pro...
The State Department has approved Norway’s request to purchase Raytheon Technologies-made (NYSE: RTX) AIM-120 advanced medium-range air-to-air missile and related equipment from the U.S. government under a potential $950 million foreign military sales agreement. The Norwegian government wants to buy 205 AIM-120 D-series, 60 AIM-120 C-8 or D-series...
Does Lockheed Martin have government contracts? The primary activities of Lockheed Martin, a multinational security and aerospace company, are the design, research, manufacture, business development, integration, and maintenance of high-tech equipment. Although the company is a private company, it mainly offers its products and services to th...
The U.S. Navy has added eight companies as awardees on a $2.12 billion multiple-award contract to provide husbanding, management and integration services to maritime forces who participate in exercises or missions led by the Department of Defense and NATO. Work covers land transportation, communications, force protection, general charter and hire se...
The U.S. and its partners in the G7 alliance embarked on a new initiative to raise $600 billion in public and private sector financing for infrastructure projects through 2027. President Joe Biden plans to issue a memorandum for the federal government to help carry out the Partnership for Global Infrastructure within the pillars of climate...
Lockheed Martin (NYSE: LMT) has received a $578.2 million contract modification from the U.S. Navy to provide program management, non-recurring work and training services needed to integrate F-35 aircraft systems for an unnamed international customer. The Department of Defense said Friday the full obligated amount at the time of award will come from...
Army CIO Raj Iyer, a 2022 Wash100 Award recipient, opened Wednesday’s Second Annual Army IT and Digital Transformation Forum, with an engaging and informative keynote address covering the challenges in talent recruitment and the immediate need for digital transformation efforts to drive the Army toward its 2030 modernization and strategic objec...
Raytheon Technologies‘ (NYSE: RTX) missiles and defense business has secured an $866.6 million contract from the Missile Defense Agency to manufacture updated ship-based ballistic missile interceptors for the U.S. government and the Japanese defense ministry. The sole-source award covers the production of Standard Missile-3 Block IIA systems, whic...
Shield AI has secured $165 million in a round of Series E financing and will use the capital to advance the development of its artificial intelligence pilot for military and commercial aircraft. Venture funds including Riot Ventures, Disruptive and Homebrew participated in the funding round led by Doug Philippone, co-founder of Snowpoint Ventures an...
In today’s U.S. health care market, speed is a top-ranking priority. In the wake of the COVID-19 pandemic, health care organizations are looking at ways to get technologies, systems and capabilities to market faster than ever before. But as advancements in technology continue to accelerate, the industry can’t afford to lag behind. “The unfortu...
