Fluor (NYSE: FLR) and HII (NYSE: HII) have purchased the membership interest of Honeywell (Nasdaq: HON) in a joint venture – Savannah River Nuclear Solutions – focused on helping the Department of Energy manage the Savannah River Site in South Carolina. “We are confident that Fluor and Huntington Ingalls will continue to deliver lo...
VSE (Nasdaq: VSEC) has secured a potential five-year, $565 million contract from U.S. Air Force to help maintain the service branch’s C-5 aircraft fleet. The contractor will provide supplemental depot capability for the military transport aircraft under the indefinite-delivery/indefinite-quantity contract, the Department of Defense said Thursd...
The federal government allocates substantial financial services amounting to millions and even billions of dollars to procure a diverse range of services encompassing defense, weaponry, healthcare, cybersecurity, space missions, and more. Federal agencies enter into contracts with private companies that offer these specialized services to accomplish...
The United States’ semiconductor chip manufacturing output has been steadily slipping over the last few decades, jeopardizing the country’s power in an increasingly critical industry on the global stage. But one key piece of legislation, the CHIPS and Science Act of 2022, aims to rewrite this narrative and place the U.S. back on top. The CH...
Michael Parker, vice president of business development at Salesforce (NYSE: CRM), said government leaders looking to address the talent gap and meet missions should invest in technologies. “With the right investment in technology and talent, leaders can manage through the current challenges and achieve a posture where positive change is a constant...
The Department of the Navy has recognized the need for modernization and is working tirelessly to ensure that its forces are properly equipped for today’s constantly evolving battlespace. Informed by both Department of Defense-wide and internal strategies, the DON is taking major steps toward a future-ready fleet. For Rear Adm. Fred...
The U.S. Navy’s Flank Speed cloud platform was introduced about two years ago, in May 2021, and has reportedly helped bring about a wave of positive technological change for the service branch. A collaboration with Microsoft 365, Flank Speed has seen the transition of over 530,000 users to its common suite of tools and shared digital...
Anduril Industries has acquired Adranos in a transaction that makes the Costa Mesa, California-based defense technology company a solid rocket motor supplier to principal contractors providing missiles, hypersonics and other propulsion technologies for some of the major programs of the Department of Defense. Established in 2015, Mississippi-based Ad...
In an age of rapidly intensifying global competition, the U.S. Department of the Navy (DON) is investing heavily in numerous initiatives guided by Navy Secretary Carlos Del Toro’s three enduring priorities: strengthening maritime dominance, empowering the DON’s people and strengthening partnerships. Since the release of these priorities in ...
Markon Solutions aims to offer a range of support services to the federal sector once it completes its separation from parent company Anser Advisory. Ray Carney, chief delivery officer of Markon, will transition to the CEO role and Matthew Dean, founder of Markon and a top executive at Anser Advisory, will serve as chairman of...
