Lockheed Martin (NYSE: LMT) and Raytheon Technologies‘ (NYSE: RTX) Javelin Joint Venture received a pair of contracts worth potentially $309 million combined from the U.S. Army to produce anti-tank weapon systems. The partnership could manufacture more than 1,300 Javelin missiles with appropriations under the Ukraine Supplemental Appropriation...
Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $397.7 million contract modification to obtain initial spares for lot 16 F-35 Lightning II aircraft. The award is for deliveries of global spares pool and afloat and deployment spares packages to the U.S. Navy, Marine Corps, Air Force, non-Department of Defense agencies and foreign...
The U.S. government is a behemoth, sprawling across a myriad of agencies, departments and organizations. The government contracting (GovCon) community, by comparison, is a relatively small segment of that. The big players within that narrow segment are well-known. The smaller businesses, on the other hand, face intense competition to prove themselve...
Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace subsidiary has received a potential five-year, $805.7 million contract modification from the U.S. Air Force to continue supporting the service’s Tactical Reconnaissance Pod program. The latest award brings the contract’s total cumulative face value to approximately $1 billion, the Depart...
The U.S. Air Force has released a request for proposals for a 10-year, $420 million contract to modernize and maintain KC-135 aerial refueling and transport planes. USAF said Friday in a solicitation notice the indefinite-delivery/indefinite-quantity contract encompasses recurring and nonrecurring engineering tasks and requires personnel with variou...
Completing government contracts can make your business more successful. But there are some basic facts you must master before becoming eliglble to compete for federal contracts. This article gives you comprehensive insight into what it takes to become a successful contractor. What Is Government Contracting? Government contracting is a business pro...
Lockheed Martin (NYSE: LMT) has secured a $224 million contract modification from the U.S. Army for recapitalization work on a transportable automatic system for launching surface-to-surface missiles. The contractor will restructure the Multiple Launch Rocket System to allow it to be used on the M270A2 family of launcher weapons platforms, the Depar...
Sig Sauer has won a potential 10-year, $4.5 billion contract from the U.S. Army to produce two Next Generation Squad Weapon variants with a common 6.8 millimeter ammunition and fire control system. The Department of Defense disclosed Thursday the value of the firm-fixed-price contract that covers the production of XM5 NGSW and XM250 NGSW Automatic...
L3Harris Technologies (NYSE: LHX) has secured a four-year, $482 million contract extension to provide fleet management services to the Canadian air force’s CF-18 Hornet fighter jets. The company said Thursday it will continue to help manage the foreign aircraft program, materials, data, operational software, logistics process and electronic public...
The State Department has approved a potential $997 million foreign military sale of 12 AH-1Z attack helicopters, manufactured by Textron‘s (NYSE: TXT) Bell subsidiary, and associated equipment to Nigeria. The proposed deal will include 28 T-700 401C engines from General Electric (NYSE: GE), 2,000 Advanced Precision Kill Weapon System gui...
