Rheinmetall is set to acquire for $950 million Loc Performance, a vehicle specialist headquartered in Plymouth, Michigan, with a workforce of around 1,000 employees and customers in the civilian as well as defense sectors. Loc Performance’s offerings include drivetrains, suspensions and track systems, many of which are used by U.S. military gr...
KBR (NYSE: KBR) reported $1.9 billion in revenue during the second quarter of fiscal year 2024, up 6 percent from the prior-year period, and recorded $2.1 billion in Q2 bookings and options with a book-to-bill of 1.0x on a trailing 12-month basis. The Houston-based engineering contractor said Wednesday its Q2 net income was $106 million...
Digital Air Force programs are implementing advanced information technology accelerators throughout the agency as the warfighting environment modernizes and technical capabilities become more critical in acquisition processes. Accelerated IT implementations are evaluated on their impact on the Air Force’s digital infrastructure, and officials spok...
Jeremy Barnwell, most recently director of capture at Calibre Systems, has transitioned to the role of vice president of federal, civil and commercial division at the Alexandria, Virginia-based management consulting and digital transformation company. Calibre said Monday Barnwell will oversee the execution of assigned projects within the company’s...
Science Applications International Corp. (NYSE: SAIC) has secured a services delivery order the Department of Veterans Affairs awarded under a potential $205.5 million contract. According to a Federal Procurement Data System posting, VA’s Technology Acquisition Center made a $39.1 million award to SAIC for services with code information techno...
The Missile Defense Agency has awarded VetTech a potential $347.7 million contract for financial management and strategic planning, accounting and cost estimating and analysis support services. The Department of Defense said Tuesday MDA competed the cost-plus-fixed-fee contract through an online solicitation and received two offers for the procureme...
As the wide-open resources of the internet have deepened and expanded over the last nearly three decades, publicly available data has become an increasingly valuable asset for the U.S., as well as its allies and adversaries alike. To name just one example, in early 2022, such intelligence was crucial in informing warnings about Russia’s invasion...
Space Systems Command’s Space Test Program has begun soliciting proposals for a potential 10-year multiple-award indefinite-delivery/indefinite-quantity contract to acquire commercial spacecraft capable of carrying military payloads to space. STP has released the final request for proposals for the Space Test Experiments Platform 2.0 program t...
Projections from the U.S. Space Force’s Commercial Satellite Communications Office indicate that service branches and government agencies could award approximately $1.7 billion in commercial satcom contracts over the next 12 months, SpaceNews reported Wednesday. CSCO outlined 10 contract opportunities for fiscal year 2024-2025 in its forecast to i...
Top U.S. Army officials have declared that they see a collaborative and “reciprocal relationship” with industry as key to getting new technologies into the hands of warfighters at a faster rate. Among the Department of Defense component’s tech focus areas are artificial intelligence, counter-drone systems and long-range precision fires. Young ...
