Red 6 has raised $70 million in a Series B funding round meant to help the augmented reality startup to continue investing in its proprietary technology for a combat pilot training system. RedBird Capital Partners led the financing round, in which Lockheed Martin‘s venture capital arm and Boeing‘s investment partnership with A...
A Raytheon Technologies (NYSE: RTX) subsidiary will manufacture 571 more Sidewinder infrared-tracking, short-range missiles under a $263.7 million production lot 23 contract modification for a U.S. Navy-led joint weapon procurement effort with the U.S. Air Force. The award to Raytheon Missiles & Defense represents exercised options for the suppl...
SpaceX has secured a contract from the U.S. Department of Defense to provide Starlink satellite communications terminals and services for Ukraine’s military, Bloomberg reported Thursday. The Pentagon will likely acquire the satcom terminals through the Ukraine Security Assistance Initiative. “We continue to work with a range of global partne...
Raytheon Technologies (NYSE: RTX) will maintain kinetic-force weapon systems for the Missile Defense Agency under a potential five-year, $621.4 million contract. The indefinite-delivery/indefinite-quantity contract comprises personnel, facilities and equipment support for the maintenance of exoatmospheric kill vehicles, the Department of Defense sai...
Boeing (NYSE: BA) has secured a $200 million contract modification from the U.S. Navy to obtain long-lead items and related services needed to maintain the timeline for F/A-18E/F full-rate production efforts. Naval Air Systems Command will use the branch’s fiscal 2022 aircraft procurement funds to cover the full obligated amount, according to ...
A Lockheed Martin (NYSE: LMT) business has received a $240 million contract from the U.S. Air Force to develop a variant of the company’s cruise missile system offering. The missiles and fire control segment at Lockheed will conduct development, test and integration efforts related to JASSM AGM-158D, the Department of Defense said Thursda...
The cyber domain has become more influential than ever before, bringing about new capabilities and new threats. To keep up with constant developments in the cyber realm, the public sector has ramped up its investments in cyber to protect civilians, empower military forces and gain an advantage in the complex domain. Federal efforts to embrace...
Thirty-seven vendors have won spots on a potential 10-year, $32.5 billion multiple-award contract for the design, development, production and sustainment of training systems. The Training Systems Acquisition IV indefinite-delivery/indefinite-quantity contract covers analysis, installation, integration and testing support for aircrew, maintenance and...
The U.S. Army has selected a dozen companies for a 10-year, $450 million contract vehicle to support its modernization and combat overmatch capability development efforts. Army Contracting Command received 27 bids for the cost-plus-fixed-fee, firm-fixed-price contract via an online solicitation and will determine funds and work locations on a per-or...
Aircraft Readiness Alliance II has won a $408.2 million small business set-aside contract to help the U.S. Navy’s Fleet Readiness Center Southwest maintain various aviation platforms and systems. The company will conduct modernization, conversion, disassembly and in-service repair efforts under the indefinite-delivery/indefinite-quantity contr...
