The U.S. Navy has set the stage for sweeping changes in the coming years. With a reinvigorated focus on science and technology, a detailed plan for cyber operations and new ideas for its organizational structure, the Navy is on track for a major transformation. Dive into the Navy’s most important initiatives at the Potomac Officers...
An RTX (NYSE: RTX) business has secured a U.S. Army contract worth $2.1 billion for low-rate initial production of the Lower Tier Air and Missile Defense System. The Department of Defense said Wednesday Raytheon will perform contract work at its Andover, Massachusetts location over a four-year period. LTAMDS is a radar intended to defeat hypersonic...
Parsons (NYSE: PSN) posted a record revenue of $1.7 billion during the second quarter of 2024, reflecting a year-over-year growth of 23 percent, and ended the quarter with a total backlog of $8.8 billion with a book-to-bill ratio of 0.9x on net bookings of $1.5 billion. The Centreville, Virginia-based defense and infrastructure engineering company s...
Parsons (NYSE: PSN) has agreed to buy BlackSignal Technologies for approximately $200 million to broaden its cybersecurity, artificial intelligence and electronic warfare capabilities and its client base across the Department of Defense and Intelligence Community. Chantilly, Virginia-based Parsons said Tuesday it expects the transaction to be comple...
The U.S. Air Force has awarded 67 companies positions on a potential nine-year, $975 million contract to help the Air Force Rapid Sustainment Office optimize the operational readiness of deployed weapon systems. The Department of Defense said Tuesday the 771st Enterprise Sourcing Squadron at Wright-Patterson Air Force Base in Ohio received 68 offers...
The first delivery of the Department of Defense’s CJADC2 initiative could be realized this fall during the twelfth round of the Pentagon’s Global Information Dominance Experiment, according to GIDE Director Col. Matt Strohmeyer. “Our goal is to deliver 1.0 of CJADC2 this fall during GIDE 12,” said Strohmeyer during a panel discussion mo...
Leidos (NYSE: LDOS) has received a potential five-year, $823 million task order from the Defense Information Systems Agency to provide sustainment and operations support services for the Department of Defense Network program. The company said Monday the task order was issued under the 10-year, $11.5 billion Defense Enclave Services contract awarded ...
Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has secured a potential $120.2 million contract modification from the U.S. Navy to provide additional long-lead time materials needed to produce Lot 9 CH-53K King Stallion heavy-lift helicopters. The Department of Defense said Monday the additional materials will support the production of 21 CH-53K...
Leidos (NYSE: LDOS) has won a potential five-year, $191.2 million contract from the U.S. Army to provide software sustainment services for the military branch. The Department of Defense said Army Contracting Command at Aberdeen Proving Ground in Maryland launched an online solicitation and received two bids for the cost-plus-fix-fee contract. The se...
Eleven companies were selected by the U.S. Navy for the procurement of machinery and systems services for naval vessels and land-based sites. The Department of Defense said Thursday the vendors secured spots on the indefinite-delivery/indefinite-quantity contract with a combined value of $496.1 million. The contract covers the procurement of h...
