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Lockheed Martin (NYSE: LMT) will design and build a new version of the Aegis Ballistic Missile Defense system under a potential six-year, $327M contract from the Missile Defense Agency. The cost-plus-incentive-fee, firm-fixed-price contract will include support for the integration, test and certification of MDA's Aegis BMD 6.0 technology,...

Defense Secretary Mark Esper, a 2019 Wash100 winner, has expressed satisfaction with the $738B fiscal 2020 defense budget agreed upon by the White House and Congress as part of a $1.4T spending deal, Defense News reported Thursday....

On Monday, the House passed a $733 billion defense policy bill, by a 220 to 197 vote, for fiscal year 2020. The lower chamber™s 2020 National Defense Authorization Act is $17 billion less than the president™s budget request. Lawmakers are expected to meet in the coming months to reconcile the House NDAA with the Senate™s...

Richard Spencer, secretary of the Navy and a 2019 Wash100 winner, assumed Monday the role of acting secretary at the Department of Defense after the White House sent to the Senate the official nomination of Army Secretary Mark Esper for DoD’s top civilian post....

Chris Emerson, former president of the helicopter manufacturing business and head of North American operations at Airbus Group, has been named president of the aerospace contractor's Herndon, Va.-based defense and space division....