William LaPlante, under secretary of defense for acquisition and sustainment, has shared that Lockheed Martin (NYSE: LMT) and the Department of Defense reached a “handshake” deal for the next lot buy of about 375 units of the F-35 fighter jet, Reuters reported Monday. While production is set to take a three-year period like the previous...
The United States government is contending with evolving adversaries in a global race for advanced technology. As competition intensifies, it’s clear that modernization is no longer an option, but a requirement. Now, federal leaders are working to simultaneously harness the power of emerging technologies while modernizing its outdated legacy syste...
Estonia will receive up to six M142 High Mobility Artillery Rocket System launchers as well as related equipment and support from Lockheed Martin (NYSE: LMT) under a potential $500 million Foreign Military Sales deal recently cleared by the State Department. The proposed transaction also includes the sale of missile pods for the Guided Multiple Laun...
Does Lockheed Martin have government contracts? The primary activities of Lockheed Martin, a multinational security and aerospace company, are the design, research, manufacture, business development, integration, and maintenance of high-tech equipment. Although the company is a private company, it mainly offers its products and services to th...
Guidehouse has added former hospital and state health leaders Michael Duke, Michelle Moratti, Joe Bialowitz and Mark Thomas to its health segment to help organizations modernize the delivery of health care services to communities, transform operations and finances and address market challenges. Duke, former chief information officer for a community ...
The Senate on Wednesday confirmed Michael Barr, a law professor and a former Department of Treasury official, to serve as vice chair of the Federal Reserve for supervision. President Joe Biden described the Senate vote an “important progress” for his plan to address inflation, the White House said Wednesday. The upper chamber on Wednesday approv...
L3Harris Technologies (NYSE: LHX) has canceled plans to acquire Israel-based spyware manufacturer NSO Group after negotiations drew opposition from the White House due to national security and counterintelligence concerns, The New York Times reported Sunday. NSO’s spyware, dubbed Pegasus, can hack the mobile phones of users to extract messages, ph...
In the wake of President Biden’s fiscal year 2023 budget request, Executive Mosaic sat down with GovCon Expert Jim McAleese, principal and owner of McAleese and Associates and a previous Wash100 Award recipient, to get a comprehensive breakdown of the FY23 defense budget and understand which programs, military branches and initiatives rank among t...
In late February 2022, the Russian invasion of Ukraine sparked drastic changes in the geopolitical landscape and challenged complex global relations. During the months since the war’s onset, and as the conflict continues to unfold, it’s clear that electronic and cyber warfare are playing a major role in military actions on both sides, and these...
GovCon Expert Joseph Letke, founder and CEO of TKS, published his first piece as a member of Executive Mosaic’s GovCon Expert program on Friday detailing the issues surrounding the latest procurement challenges in the government contracting (GovCon) sector and how bidding teams should reflect on engineering their edge during the contract and ope...
