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Lockheed Martin (NYSE: LMT) has received a three-year, $167.5M contract to supply long-range anti-ship missile systems to the U.S. Air Force. The company's missiles and fire control systems unit will provide 48 LRASMs along with tooling and test equipment through the sole-source contract, the Department of Defense said Tuesday....

Eric Chewning, a former official at the Department of Defense, has returned to management consulting firm McKinsey & Co. as a partner, Defense News reported Monday....

Northrop Grumman (NYSE: NOC) has received a five-year, $404M contract modification for software, engineering and product support work on the U.S. Navy's airborne early warning and command-and-control aircraft platform. The Navy exercised options on a previously awarded contract to procure E-2D Advanced Hawkeye support services and two addi...

Monkton has received a potential $500M contract from the U.S. Space Force to support the commercialization of a mobile strategy. The company will provide technology and support services to help the Department of Defense design, build and field mission-enabling platforms to service members, civil servants and reservists operating at the tactical edge...

Govini analyzed the Department of Defense’s use of other transaction authorities and Small Business Innovation Research contracts between fiscal year 2015 and FY 2019 and found that the two contracting methods accounted for 10 percent, or $9.6B, of DoD’s spending on research, development, test and evaluation operations in 2019, Defense News repo...