A General Dynamics (NYSE: GD) business has received a potential five-year, $518.8 million contract from the U.S. Army to provide system technical support services for the military branch’s Stryker armored fighting vehicles. Army Contracting Command conducted an online solicitation and received one offer for the cost-plus-fixed-fee contract, the De...
Battelle has received a potential seven-year, $350 million contract from U.S. Special Operations Command for the acquisition of nonstandard commercial vehicles. The indefinite-delivery/indefinite-quantity contract covers lifecycle replacement of USSOCOM’s fleet of NSCVs, ancillary vehicle modifications and supply of armament, communications an...
TCOM has acquired Equinox Innovative Systems, a Columbia, Maryland-based manufacturer of multi-rotor unmanned aerial vehicles, in a transaction aimed at expanding the former’s technology offerings to include tethered and untethered drone systems. The financial terms of the deal were not disclosed and TCOM said Tuesday that Equinox will bring a...
Boeing (NYSE: BA) has received a potential $657.1 million contract modification from the U.S. Navy to support the production and delivery of two more MQ-25 Stingray System Demonstration Test Article aircraft. The modification includes related tooling and communication systems changes to the aerial refueling drone and seeks to definitize obsolescence...
It’s official: this year’s Wash100 popular vote contest has garnered the most participation of any in years past! We will wait to reveal the total count of votes until the end of the competition in May, but suffice it to say, the number is jaw-dropping. Thanks for your help in making this the most engaged...
By Nancy Patel, General Manager of Commercial at Unison Risk realization based on cost overruns is a common theme across the globe in the modern era. The U.S. Department of Defense, the U.K. Ministry of Defence and many agencies and departments across the globe have made news with consistent issues, incorrectly forecasting program costs, leading to...
BAE Systems has secured a five-year, $318 million contract to help the U.S. Army sustain its fleet of self-propelled howitzers and carrier, ammunition, tracked vehicles. The company said Wednesday it will provide engineering and logistics services to deliver new capabilities, maintenance and testing for the Army’s M109A6 and A7 howitzers and t...
Sayres Defense, a portfolio company of Charlotte, North Carolina-based private equity firm Broadtree Partners, has acquired Global Systems Technologies for an undisclosed sum as part of expansion efforts in the government contracting sector. GST provides model-based systems engineering, test and evaluation support, research and development and logis...
Executive Mosaic’s GovCon Index stayed flat despite negative returns in three of five sessions. The index, which tracks the stock performances of 30 major government contractors, hardly moved with a negligible $0.20 uptick week-on-week to $4,880.65. Meanwhile, the three major equities indexes booked weekly gains, resulting in Wall Street’s best...
A General Dynamics (NYSE: GD) subsidiary will provide planning yard support services for the U.S. Navy’s Zumwalt-class guided missile destroyers under a potential five-year, $343.7 million contract. The cost-plus-award-fee contract has a $22.7 million base value that will run through March 2025, the Department of Defense said Friday. Planning ...
