Lockheed Martin has received a Missile Defense Agency recompete contract worth $2.8 billion to develop the Terminal High Altitude Area Defense, or THAAD, weapon system. According to an award notice published Friday, Lockheed will continue efforts carried out under the previous Advanced Capabilities Development contract and work related to the develo...
The U.S. Navy has awarded risk management services provider Risk Mitigation Consulting a $95 million contract to provide mission assurance, or MA, assessments of installation infrastructure and facility-related control systems, or FRCS, globally. RMC said Tuesday the five-year contract has a base period of one year and four one-year options. T...
Amentum reported $3.4 billion in first-quarter revenues for fiscal year 2025, reflecting a 2.3 percent increase on a pro forma basis driven by growth in the company’s digital and global engineering solutions segments. Q1 Fiscal 2025 Results In an earnings release published Tuesday, Amentum said its generally accepted accounting principles, or ...
Lockheed Martin has received a U.S. Navy contract worth approximately $1.36 billion to produce AN/BLQ-10 electronic warfare systems for the military branch’s submarines. The Department of Defense said Monday Naval Sea Systems Command conducted a full and open competition for the indefinite-delivery/indefinite-quantity contract and will obligat...
Eight companies were awarded positions on a potential $210 million contract for services in support of the Defense Health Agency’s medical facility projects. According to award notices published on SAM.gov, the U.S. Army Corps of Engineers awarded the Medical Facilities Support Services IIIb contract to the following companies: Tidewater, INC. PKS...
Serco Group‘s U.S. subsidiary will acquire MT&S, Northrop Grumman‘s mission training and satellite ground network communications software business, for $327 million in cash. MT&S has almost a thousand workforce and supports U.S. military programs through advanced mission training services and software engineering, Serco said Thur...
Lockheed Martin has reported 2024 net sales of $71 billion, a 5 percent increase from $67.57 billion generated in 2023, and backlogs of $176 billion compared to just $160.6 billion the year prior. The company said in its recent earnings release that it is expecting a modest increase in net sales in 2025. “2024 was...
Valkyrie Enterprises, an engineering, technology and operational services company, has appointed Michael Anderson, Neil Funtanilla and Nicholas Delgado to key executive positions. The Virginia Beach, Virginia-based company said the moves align with its efforts to drive strategic growth. All three executives will directly re...
While the Potomac Officers Club’s upcoming 2025 5G Summit is set to feature a host of representatives from the Department of Defense, the event is not just a networking destination for defense contractors. One key speaker especially will bring extensive insights from his experience working to spread a spirit of innovation in the federal civil...
The U.S. Navy has awarded Lockheed Martin a potential eight-year, $1 billion contract to support the development, integration, production and testing of AN/SQQ-89A(V)15 anti-submarine warfare combat systems. The Department of Defense said Monday Naval Sea Systems Command launched a competitive procurement process for the indefinite-delivery/indefini...
