RTX (NYSE: RTX) will provide updated seeker, navigation and GPS receiver technologies to the U.S. Navy for integration into Tomahawk missile systems under two contract modifications and a task order worth $165.4 million combined. The Navy allocated $124.3 million to buy 42 Maritime Strike Tomahawk Seeker suites for low-rate production three of the s...
The Office of Strategic Capital was stood up in December of last year, marking a decisive move by the Department of Defense to direct financial support to the technology industry. OSC is particularly interested in funding projects and organizations related to “advanced materials, next-generation biotechnology and quantum computing,” per rep...
Although the United States Army has been strategically prioritizing the “Army of 2030” recently, the service’s modernization goals don’t stop there. Today, Army leaders are looking even further into the future and preparing for fights well beyond the next decade. During his keynote address at the Potomac Officers Club’s 8th Annual Arm...
HII’s (NYSE: HII) Ingalls Shipbuilding division and General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary have received multiyear procurement contracts from the U.S. Navy to build nine DDG 51 Arleigh Burke-class guided-missile destroyers in Flight III configuration. Naval Sea Systems Command said Tuesday the fixed-price-incentive firm target a...
Lockheed Martin (NYSE: LMT) has secured a pair of contract modifications worth $1.06 billion combined from the U.S. Army to produce air-to-ground and guided air-and-missile defense systems. The Bethesda, Maryland-headquartered defense contractor will manufacture and deliver Patriot Advanced Capability-3 missiles under a $556.1 million contract modif...
John Murray, a retired four-star U.S. Army general, was added to the board of advisers of Klas Government to contribute defense and national security expertise to the military communications company. Highlighting Murray’s service and experience with the Department of Defense, Klas Government CEO Bill Ostrowski said in a statement published Mon...
Archer Aviation (NYSE: ACHR) will build and deliver electric vertical takeoff and landing aircraft to the U.S. Air Force under new contracts worth $142 million combined, expanding a partnership that started through the AFWERX technology program in 2021. The contracts mark the execution phase for the delivery of up to six Archer-built Midnight eVTOL ...
A joint venture between Collins Aerospace and Elbit Systems of America has secured a two-year, $16.8 million contract from the U.S. Navy to update a head-worn device that allows fighter pilots to cue aircraft weapons and sensors for target acquisition. Collins Elbit Vision Systems will develop, engineer and test the Improved Joint Helmet Mounted Cue...
L3Harris Technologies (NYSE: LHX) has officially added a business segment upon the completion of the Melbourne, Florida-based aerospace and defense contractor’s $4.7 billion cash purchase of propulsion system builder Aerojet Rocketdyne. Both parties first announced the $58-a-share deal in December 2022, with the acquirer aiming to grow its bus...
Sixty-six vendors have secured positions on a potential 10-year, $900 million contract to help the U.S. Air Force develop approaches needed to build multidomain systems in support of the service’s warfighting missions. The Air Force Life Cycle Management Center at Wright Patterson Air Force Base in Ohio received 70 offers for the indefinite-de...
