South Korea has requested to purchase CH-47F Chinook helicopters, and related equipment from the U.S. government under a $1.5 billion foreign military sales agreement approved by the State Department. Boeing (NYSE: BA) will serve as the principal contractor on the possible transaction that includes 18 CH-47F helicopters, 42 T55-GA-714A engines...
The State Department has approved Poland’s request to buy from the U.S. government M1A1 Abrams main battle tanks, other vehicles and related equipment through a potential $3.75 billion foreign military sales agreement. The Defense Security Cooperation Agency said Tuesday there will be 12 prime contractors on the proposed FMS transaction, which inc...
Estonia has closed a $200 million deal to purchase six M142 High Mobility Artillery Rocket System launchers, manufactured by Lockheed Martin (NYSE: LMT), along with associated equipment and support services from the U.S. government. The Estonian defense investment agency said deliveries of the systems are scheduled to begin in 2024 under the contrac...
L3Harris Technologies (NYSE: LHX), Mercury Systems (Nasdaq: MRCY) and Pacific Defense have won cash prizes from the U.S. Army as the three finalists of a competition aimed to drive technological innovations that can facilitate the convergence of warfighting platforms. All three companies presented prototypes for improving the C4ISR/Electronic Warfar...
The State Department has approved Qatar’s request to purchase a suite of systems designed to recognize and mitigate drone threats, as part of a potential $1 billion foreign military sales deal with the U.S. government. Qatar seeks to buy 10 units of the Fixed Site-Low, Slow, Small Unmanned Aircraft System Integrated Defeat System and 200...
Jay Turner, who previously held executive roles at two Boeing (NYSE: BA) subsidiaries, has assumed the chief operating officer position at military technology provider Sigma Defense Systems. He most recently served as president of Digital Receiver Technology, a manufacturer of software-defined radio systems designed to collect, analyze and share sig...
IMT Defense has received a potential five-year, $391 million contract from the U.S. Army to produce, inspect, package and supply metal parts assemblies for 155mm M795 artillery projectiles. The Army Corps of Engineers in Newark, New Jersey, is the contracting activity and received one offer for the firm-fixed-price contract, the Department of Defens...
Lauren Ayers, a federal and industry acquisition and procurement executive, has joined the Professional Services Council as vice president of defense and intelligence. She oversees PSC’s policy, education and advocacy efforts in support of the Department of Defense and Intelligence Community agencies. Ayers most recently worked at the Department o...
Financial services company Baird hosted its annual Government & Defense Conference on Thursday, bringing together industry leaders from across the federal sector to discuss the state of the government contracting industry, the impacts of recent sociopolitical events on the economic landscape and business strategies for the future. Bair...
Enlightenment Capital has purchased Agile Defense, a Reston, Virginia-based company focused on providing digital transformation and information technology platforms and services to the Department of Defense and other federal government customers. Agile Defense has been offering enterprise IT, DevSecOps, cloud migration support, compliance as a servi...
