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Lockheed Martin (NYSE: LMT) logged an 8 percent increase year-over-year in fiscal 2023 second-quarter net sales to $16.7 billion, net earnings of $1.7 billion or $6.63 per share and a record backlog of $158 billion. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.5 billion to shareholders in the form of cash...
The General Services Administration has awarded contracts to eight U.S. carriers to provide discounted airfares to to federal travelers during the government’s 2024 fiscal year. GSA said the selected airlines will offer an estimated 53 percent discount on airfare rates for official government air travel starting Oct. 1 through the agency’...
Each year, the federal government allocates substantial funding toward defense and security contracts. Government agencies, such as the Department of Defense and the US Armed Forces, tap into the expertise of multiple companies dedicated to developing and providing cutting-edge solutions for defense and warfare initiatives across various domains, su...
Semiconductor chips underpin nearly every technology, weapon system and digital capability across the Department of Defense, making them increasingly important for a wide array of government and military missions. However, the United States’ production of these chips has fallen in recent decades, threatening our technological standing on the globa...
The State Department has released a solicitation for a five-year, $650 million contract vehicle to procure support services for its Global Antiterrorism Training Assistance program. GATA III is an indefinite-delivery/indefinite-quantity contract recompete of foreign law enforcement training services and has one-year base period along with four optio...
The government contracting industry’s confidence in its future revenues has recovered from a COVID-19-prompted dip. The market’s assurance in its ability to drive new business has increased by 1.6 percent from a year ago, returning what’s known as the GovCon Confidence Index, or GCCI, to pre-pandemic levels. GCCI is measured by Deltek’s Cl...
Sapphire Ventures will invest more than $1 billion in enterprise artificial intelligence startups, including companies focused on developing generative AI, enablers and middleware, foundation models and other next-generation AI applications. “We look forward to partnering with companies that are not only improving existing workflows and softwa...
The U.S. Space Force has released the second round of draft requests for proposals incorporating industry feedback from the first draft solicitations and describing the “dual-lane” approach to acquisition under the third phase of the National Security Space Launch program. Space Systems Command said Friday over 20 vendors participated in an ...
The National Institute of Standards and Technology is seeking industry proposals for a project to develop core technologies for a sixth-generation wireless network. A notice published Friday on SAM.gov states the acquisition is reserved for small businesses. NIST is looking for a vendor to design, evaluate and demonstrate artificial intelligence-bas...
To maintain preparedness for current and future conflicts, the U.S. Army has embraced the “Army of 2030,” a momentous modernization effort designed to shift the service branch’s priorities to fit the characteristics of today’s international competition and deploy the technologies necessary to succeed in the evolving battlefield. The pla...
