The Department of Defense has stood up an office with the goal of helping technology developers find the capital they need to bring platforms to the military and national security markets. Defense Secretary and two-time Wash100 Award recipient Lloyd Austin said in a statement released Thursday the Office of Strategic Capital will work to address...
The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a potential three-year, $430.9 million contract to procure M142 High Mobility Artillery Rocket System launchers for the service branch and multiple foreign military partners. Lockheed secured $209.3 million in initial procurement funds from the Army for HIMARS full-rate production services, the D...
Science Applications International Corp. (NYSE: SAIC) has secured a five-year, $151 million contract to manage and update information technology networks for the U.S. Transportation Command. The company will help TRANSCOM operate systems, infrastructure and applications at both the classified and unclassified levels under the indefinite-delivery/ind...
Three companies have won positions on a five-year, $249 million contract to repair ships in Guam for the U.S. Navy’s Military Sealift Command. The firm-fixed-price, indefinite-delivery/indefinite-quantity contract is reserved for Historically Underutilized Business Zone vendors and allocates a $3,500 guaranteed minimum for each vendor, the Dep...
Collins Aerospace, a subsidiary of Raytheon Technologies (NYSE: RTX), has received a $99.5 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force to modernize and sustain a communication system on the service branch’s B-2 and B-52 aircraft and potential future platforms. The decade-long work under the sole-source acqu...
Tysons, Virginia-based management consultancy LMI has purchased Synaptech for an undisclosed sum as part of efforts to expand into the space market and combine capabilities to advance innovation in mission support of Department of Defense customers. Synaptech CEO Zac Gorrell and Chief Technology Officer Elias Peroulas co-founded the Colorado-headqua...
Five companies have secured spots on a $900 million indefinite-delivery/indefinite-quantity contract to provide harness parts and kit assemblies for the U.S. Air Force’s F-16 aircraft fleet. The branch is obligating $487,974 at the time of award from its research, development, test and evaluation and procurement funds, the Department of Defens...
The U.S. Army has awarded Raytheon Technologies (NYSE: RTX) a $1.2 billion contract to deliver six more National Advanced Surface-to-Air Missile Systems, plus equipment and support services, to Ukraine as part of a Pentagon-led security assistance campaign. The contract brings the U.S. government’s total order for NASAMS batteries to eight to ...
The U.S. Navy has awarded approximately $385.3 million in two indefinite-delivery/indefinite-quantity contracts for engineering and logistics services in support of KC-130J aerial refueling aircraft systems. Rolls-Royce will sustain and support the tanker’s propulsion system under a $228.1 million firm-fixed-price contract while General Electr...
Boeing (NYSE: BA) has received a $398.2 million contract modification from the U.S. Air Force to deliver two additional KC-46A Pegasus tankers to Japan, bringing the total number of aircraft on contract for the East Asian country to six. The firm-fixed-price modification increases the contract’s total face value to $1.3 billion and the company wil...
