Deputy Defense Secretary Bob Work announced the creation of the Algorithmic Warfare Cross Functional Team (AWCFT) which will manage the masses of data currently collected by drone surveillance. Known as Project Maven, the team will accelerate the Defense Department™s integration of big data and machine learning, reports GCN. Mass...
Boeing (NYSE: BA) has received a potential five-year, $1.1 billion contract modification from the Missile Defense Agency to continue to provide development support for the Redesigned Kill Vehicle program. The modification increases the total value of a previously awarded contract from $4.7 billion to $5.8 billion, the Defense Department said Monday....
Through fiscal year 2018, Federal agencies have $3.3 billion in savings yet to accrue from promised consolidations and data center closures and consolidations pledged in the Federal Information Technology Acquisition and Reform Act. Agencies were required to find $4 billion in savings from fiscal year 2016 to fiscal 2018 as part of the Office of...
Lockheed Martin‘s (NYSE: LMT) aeronautics business unit has received a $137.8 million contract modification from the U.S. Navy to fund cost reduction efforts for the low-rate initial production of lot 9 F-35s. The Defense Department said Friday that the full obligated amount at the time of award is from fiscal 2016 aircraft procurement fund...
The U.S. Air Force has awarded four companies positions under a potential six-year, $95 million contract for overhead production services. Aerospace Engineering and Support, AllSource Global Management, SierTek and Young’s Engineering Services will perform tasks such as business, management and production operations su...
United Launch Alliance has received a potential $208.1 million contract modification from the U.S. Air Force to continue to provide launch vehicle production support for a new Atlas V rocket configuration. The Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture will provide an Atlas V 551 rocket configuration, solid rocket...
TYSONS CORNER, VA, May 19, 2017 ” Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary will provide tail rotor blade repairs in support of the U.S. Army‘s UH-60 Black Hawk helicopters under a $37.6 million contract, ExecutiveBiz reported Thursday. The Defense Department said Wednesday Sikorsky received $18.4 mi...
Weekly Roundup May 15 – May 19 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Last week President Trump signed an executive order to bolster our nation’s cybersecurity and maintain and strengthen U.S. cybersecurity capabilities. The order addresses the n...
CSRA (NYSE: CSRA) has won a potential five-year, $143 million contract to provide information technology support services to the U.S. Marine Corps‘ Technology Services Organization. The company said Thursday it will help the service branch engineer, maintain and operate a range of enterprise business systems. Ken Deutsch, execut...
Saudi Arabia and Lockheed Martin (NYSE: LMT) have closed on a $6 billion contract for the Bethesda, Maryland-based defense contractor to deliver four modified versions of Littoral Combat Ships, Bloomberg reported Friday. The deal for Multi-Mission Surface Combatant Ships comes as President Donald Trump heads to the Middle Eastern country as pa...
