The State Department has cleared a $650 million foreign military sales proposal from Saudi Arabia for the procurement of Raytheon Technologies-built (NYSE: RTX) Advanced Medium Range Air-to-Air Missile systems and associated equipment. Saudi Arabia asked to buy up to 280 AIM-120C AMRAAMs and 596 LAU-128 Missile Rail Launchers along with spare and re...
New York-based cybersecurity services provider BlueVoyant has purchased 202 Group for an undisclosed sum in a move to bring a supply chain risk management offering to the federal market. The combined entity aims to offer an integrated offering that will work to help government customers manage potential risks to vendor ecosystems across agency progr...
The U.S. Air Force has awarded Northrop Grumman (NYSE: NOC) a $108.8 million contract modification to continue logistics support of RQ-4 Global Hawk unmanned aircraft systems for South Korea. The company will perform the work for a second year to address a foreign military sales requirement and will receive $22.9 million in FMS funds at...
Lockheed Martin (NYSE: LMT) reported $16 billion in net sales and $614 million, or $2.21 per share, in net earnings from continuing operations during the third quarter of fiscal year 2021. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it generated $1.9 billion in Q3 cash from operations, raised its quarterly dividend to ...
On Thursday the Potomac Officers Club hosted its 7th Annual Intel Summit, a virtual seminar featuring notable government and private sector leaders and executives who gathered to explore the intelligence community’s obstacles, opportunities and future initiatives including AI/ML, data utility and foreign adversary threats. Following DIA Director...
Potomac Officers Club held its 7th Annual Intel Summit on Thursday to join the leaders from across the public and private sector together to examine the current foreign threats facing intelligence agencies as well as the strategies, innovative technology integrations and acquisition priorities that federal officials are working on to secure and adv...
The U.S. Navy has awarded AAR (NYSE: AIR), Boeing (NYSE: BA) and StandardAero separate contract modifications worth $318.1 million combined to maintain Poseidon maritime patrol planes and engines. All three awards include depot-level support services for Australia and other foreign military sales customers, the Department of Defense said Thursday. A...
David Boland, senior director of product marketing at Wasabi Technologies, said cloud-based storage could enable government agencies to drive innovation by allowing their storage administrators to shift their focus from maintaining platforms on-site to doing more complex tasks. Boland wrote that cloud-based storage is more secure than on-pre...
The State Department has cleared Australia’s request to procure additional Sikorsky-built multirole naval helicopters along with related equipment and support services under a potential $985 million foreign military sales agreement. Australia intends to buy a dozen MH-60R Seahawk units as part of the country’s homeland defense and region...
Members of Congress want the intelligence community to invest more in commercial technology platforms and share data with the Defense Department as part of the Fiscal Year 2022 Intelligence Authorization Act. On Sept. 30, the House Intelligence Committee passed its version of the bill that authorizes IC spending levels 0.5 percent above the White Ho...
