Defense contractors are in focus lately and Lockheed Martin (NYSE: LMT) is the first to report third-quarter earnings since recently. In the three months that ended Sept. 24, 2023, net sales increased nearly two percent to $16.9 billion compared to the third quarter in 2022. Lockheed said Tuesday its net earnings reached $1.68 billion. The...
As 5G communications technology advances, it’s opening up a new world of capabilities for missions across the defense landscape and within the public sector. In a new exclusive video interview, JMA Wireless’ Rishi Bhaskar sat down with Executive Mosaic to talk about what’s on the horizon for 5G innovation and why it’s so important at this ...
Boeing (NYSE: BA) and AAR‘s (NYSE: AIR) government services subsidiary were awarded contract modifications worth $182.8 million combined to help repair, replace and maintain maritime patrol and reconnaissance aircraft engines for domestic and international military customers. Both contractors will deliver P-8A Poseidon aircraft depot-level mai...
General Dynamics’ (NYSE: GD) Electric Boat subsidiary has secured a potential $216.5 million contract from the U.S. Navy to provide long-lead-time materials in support of construction work on two Virginia-class submarines. Work on SSN 814 and SSN 815 fast-attack submarines will occur in Minnesota, Illinois, Pennsylvania, New Jersey, Connecticut, M...
RTX (NYSE: RTX) has secured a $156.2 million contract from the U.S. Army to provide spares, components and ground support equipment for the government of Romania’s Patriot missile defense system. Army Contracting Command received one bid for the fixed-price-incentive contract via an online solicitation and obligated funds in fiscal 2024 foreig...
The U.S. Navy awarded Lockheed Martin (NYSE: LMT) a $379 million contract to produce and deliver eight MH-60R Seahawk helicopters to the Armada, Spain’s naval force. The aircraft will serve as an upgrade and supporting fleet to the Spanish navy’s SH-60B Seahawk fleet, Lockheed said Thursday. The deal is covered by an existing basic order...
The U.S. Department of Defense famously established the Joint Digital and Artificial Intelligence Office in 2022 to formally indicate their commitment to embracing AI. But the Pentagon hasn’t stopped there — in the nearly year and a half since the CDAO’s creation, defense officials have demonstrated a persistent interest in implementing — an...
HII‘s (NYSE: HII) mission technologies division has won a potential five-year, $347 million contract to produce and deliver up to 200 small unmanned undersea vehicles to the U.S. Navy. The company said Wednesday the Lionfish System is a two-person, man-portable vehicle with an open architecture based on its Remus 300 UUV design. The contract h...
The Naval Facilities Engineering Systems Command Pacific has awarded five companies a $98 million contract modification to continue providing the U.S. military with incidental construction and other global contingency services. AECOM (NYSE: ACM), Fluor (NYSE: FLR), KBR (NYSE: KBR), IAP and ECC joint venture and V2X (NYSE: VVX) will provide short-ter...
Nine companies won spots on a combined $600 million contract from the U.S. Navy to perform new construction as well as renovation and repair of military facilities under the jurisdiction of the Naval Facilities Engineering Systems Command – Marianas. The indefinite-delivery/indefinite-quantity, design-build construction award includes renovati...
