Rheinmetall AG has completed its acquisition of American vehicle manufacturer Loc Performance Products for $950 million. The Dusseldorf, Germany-headquartered defense contractor said Monday the transaction would expand its presence in the United States, the world’s largest defense market, and strengthen its capability to deliver high-volume milita...
The State Department has approved India’s potential $1.17 billion foreign military sales request for MH-60R multimission helicopter equipment and follow-on support services. The Defense Security Cooperation Agency said Monday Lockheed Martin‘s rotary and mission systems business segment will be the principal contractor in the propos...
The State Department has approved a potential $320 million foreign military sale of aircraft and radar spare parts and related equipment to the Taipei Economic and Cultural Representative Office in the United States. The Defense Security Cooperation Agency said Friday the possible FMS covers spare and repair parts, consumables and accessories, and r...
Gunnison Consulting Group has secured a five-year contract from the State Department to provide cybersecurity support services for the Bureau of Consular Affairs. The McLean, Virginia-based company said Thursday it will implement a zero trust strategy to help the department’s Consular Systems Technology Chief Information Security Officer impro...
Executive Mosaic’s GovCon Index registered its largest single-day loss this week and a massive 9.31% weekly loss. Besides the 6.2% plunge Thursday, the substantial gains (+4.7%) from the previous record-setting week were gone. The index, which tracks the stock performances of 30 major government contractors, closed 1.78% lower at $5,160.07 Fri...
The State Department has approved the possible sale of F-16 Fighting Falcon engine components and support to the government of Greece. The proposed foreign military sale is estimated to be valued at $160 million with General Electric Aerospace serving as the principal contractor, the Defense Security Cooperation Agency said Thursday. The purchase wi...
Pete Hegseth, a Fox News host and U.S. Army veteran, was chosen by President-elect Donald Trump to serve as secretary of the Department of Defense, The Wall Street Journal reported Tuesday. The former infantry captain in the Army National Guard served at Guantanamo Bay and later in Iraq. He also served in Afghanistan with the...
The State Department has approved the Czech Republic’s request to purchase satellite communication systems and related support for approximately $184 million. The Defense Security Cooperation Agency said Tuesday Congress has been notified of the potential foreign military sale, which will include the transfer of communications equipment from U...
The State Department has approved South Korea’s foreign military sale request for E-7 Airborne Early Warning and Control Aircraft, related equipment and support services valued at approximately $4.92 billion. The Defense Security Cooperation Agency said Monday Boeing will serve as the principal contractor for the potential deal. The agenc...
CACI International has completed its acquisition of Azure Summit Technology, a developer of high-performance radio frequency, for approximately $1.28 billion. The Reston, Virginia-headquartered defense contractor said Wednesday the all-cash transaction expands its portfolio of offerings, particularly into the maritime and airborne markets. In his st...
