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...
The State Department has approved Kuwait’s request to continue its purchase of engineering technical and maintenance support services for C, D, E and F variants of the F/A-18 fighter aircraft from the U.S. government under a potential $1.8 billion foreign military sales agreement. Sigmatech, Kay and Associates, KBR (NYSE: KBR), L3Harris Techno...
GE Aerospace will provide the Defense Logistics Agency supplies related to an engine product series that powers military fighter and bomber aircraft under a $422.8 million contract. The sole-source acquisition contract for F101, F110 and F118 engines has a firm-fixed-price, requirements-type structure, the Defense Department said Friday. Defense app...
The Aerospace Industries Association, Professional Services Council and the National Defense Industrial Association have issued a report providing the State Department with recommendations on how to transform the foreign military sales process and defense trade system. Comments and feedback from the three associations’ members representing aer...
The State Department has cleared Ukraine’s $285 million foreign military sale request for a medium-range air defense system from Raytheon Technologies (NYSE: RTX). Raytheon’s missiles and defense subsidiary will be the principal contractor on the proposed National Advanced Surface-To-Air Missile System sale, the Defense Security Cooperat...
A standoff between the White House and House Republicans over the debt ceiling could delay the passage of a national security budget for fiscal year 2024, a scenario that could increase the possibility of the Department of Defense operating under a continuing resolution and hurt military contractors, The Wall Street Journal reported Friday. The meet...
The State Department has approved Germany’s request to buy heavy-lift cargo helicopters, manufactured by Boeing (NYSE: BA), from the U.S. government through a potential $8.5 billion government-to-government transaction. Germany is seeking to acquire 60 CH-47F Chinooks, 140 T55-GA-714A engines, 72 common missile warning systems and 284 secure r...
