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...
The State Department has approved Egypt’s request to procure Boeing-built (NYSE: BA) Chinook helicopters and associated equipment from the U.S. government under a potential $2.6 billion transaction. The Defense Security Cooperation Agency said Thursday the proposed foreign military sale includes 23 CH-47F cargo aircraft units along with machin...
The State Department has approved the request of the Australian government to procure high mobility artillery rocket systems and related launcher equipment for approximately $385 million under the Foreign Military Sales program. The potential transaction includes 20 M142 HIMARS, 30 M30A2 guided multiple launch rocket systems, 10 M57 Army tactical mi...
The State Department has approved the proposed sale of an anti-tank weapon system and related equipment to the Egyptian government through a potential $691 million foreign military sales contract. Egypt is seeking to buy 5,070 units of the Raytheon Technologies-built (NYSE: RTX) TOW 2A radio frequency missile technology along with spare parts, techn...
U.S. space agencies are prioritizing “integration by design” with mission partners, industry, academia and allied forces to tackle threats and deter adversaries in the largest and most highly contested domain today. Gen. James Dickinson, commander of the U.S. Space Command said the “partnered element” of the command’s approach to mission o...
Barry Duplantis, vice president and genera manager of North America Public Sector business at Mattermost, recently spoke with GovCon Wire regarding Mattermost’s key markets of interest and how the company’s offerings are relevant to the public sector. In addition, Duplantis discussed the federal government’s communication tools consideration...
Lockheed Martin (NYSE: LMT) has received a two-year, $632.1 million contract from Naval Air Systems Command to create software builds and conduct developmental flight tests for the F-35 program. The company’s aeronautics segment will provide logistics, maintenance, engineering and material services to U.S. and international military customers,...
Dave Dacquino, chairman and CEO of Serco Inc., recently spoke with GovCon Wire regarding how his team and the rest of the company’s workforce have driven success in such a competitive sector as well as how Serco is driving value for its workforce and its customers. In addition, the two-time Wash100 Award winner also discussed Serco’s most si...
