Each year, the federal government allocates substantial funding toward defense and security contracts. Government agencies, such as the Department of Defense and the US Armed Forces, tap into the expertise of multiple companies dedicated to developing and providing cutting-edge solutions for defense and warfare initiatives across various domains, su...
The State Department has cleared Sweden’s request to procure advanced medium-range air-to-air missiles, manufactured by RTX (NYSE: RTX), and related equipment from the U.S. government under a potential $605 million foreign military sale agreement. Sweden asked to buy 250 AIM-120C-8 AMRAAM systems, six guidance sections, encryption devices, con...
The State Department has approved a pair of proposed agreements worth $440.2 million combined to sell ammunition and logistics supply support to Taiwan. Taiwan’s economic and cultural representative office asked to procure various unclassified 30 mm ammunition, including multi-purpose rounds, high explosive incendiary-tracer rounds and trainin...
The State Department has approved a potential $5.6 billion foreign military sale of F-35 aircraft, munitions and related equipment to the government of the Czech Republic. The foreign buyer requested to purchase 24 units of the F-35 conventional take-off and landing variant, along with engines, advanced medium-range air-to-air missiles, captive air ...
The State Department has approved the government of Poland’s request to purchase a configuration of the Patriot missile system equipped with Integrated Air and Missile Defense Battle Command System and related equipment under a potential $15 billion foreign military sales agreement. The deal covers the provision of the IBCS-enabled Patriot sur...
The State Department has cleared a potential $5.9 billion foreign military sale of Boeing-manufactured (NYSE: BA) multimission maritime patrol and reconnaissance aircraft and related equipment to the Canadian government. Canada asked to buy 16 P-8A aircraft and 111 items such as joint tactical radios, GPS navigation systems and guardian laser transm...
A new Deltek analysis shows that agencies under the Department of Defense spent $239 million on other transaction agreements for cybersecurity-related activities between fiscal year 2020 and fiscal 2022. After a spending growth of nearly 21 percent from FY 2020 to FY 2021, DOD components’ spending on cybersecurity efforts using OTAs rose by 59...
Jim Taiclet, chairman, president and CEO of Lockheed Martin (NYSE: LMT), said he believes the company is in a “strong position” given with the White House’s fiscal year 2024 budget request of approximately $886 billion for the Department of Defense, FlightGlobal reported Sunday. The proposed budget for DOD reflects a 3.3 percent year-on-ye...
The State Department has cleared a potential $611 million foreign military sale of MQ-9A Block 5 unmanned aerial vehicles, manufactured by a General Atomics affiliate, and related equipment to the Netherlands. The Dutch government asked to buy four modernized MQ-9As with mobile ground control systems, navigation systems, GPS modules, targeting senso...
Lloyd Austin, secretary of the Department of Defense and a three-time Wash100 awardee, has cleared a memo ordering agencies to implement the six recommendations by a tiger team to accelerate and strengthen the foreign military sales process in support of the 2022 National Defense Strategy. The first three recommendations are improving DOD’s unders...
