
The Department of Defense has awarded Federal Resources Supply Company a potential $134M contract to deliver personal protective equipment kits at more than 15K nursing homes nationwide. Federal Resources began to ship masks, gloves, gowns and protective eyewear to skilled nursing facilities in Baltimore, Washington D.C., Philadelphia, New ...
The Trump administration is in discussions with Intel (Nasdaq: INTC), Taiwan Semiconductor Manufacturing Co. and other semiconductor firms to establish new chip factories in the U.S. to strengthen the domestic production of chips as concerns rise over the vulnerability of Asian factories as highlighted by the coronavirus pandemic, The Wall Street J...
Lockheed Martin (NYSE: LMT) has distributed $450M in accelerated contract payments it received from the Department of Defense to the Bethesda, Md.-based contractor's supply chain ahead of schedule. The company said Friday it also issued $85M in advance payments to small businesses and other suppliers operating throughout 46 U.S. states....
Leidos Completes $1B Purchase of L3Harris’ Security Detection, Automation Businesses; Roger Krone Quoted Leidos has finalized its acquisition of L3Harris Technologies’ security detection and automation businesses for approximately $1 billion in cash, Leidos said Monday. The company also announced that Jim Moos, president of Leidos’ civil gr...
Leonard Moss, a veteran national security leader, has joined Johns Hopkins University Applied Physics Laboratory as chief security officer and head of the security services department. He will coordinate with APL’s executive council as he executes the lab’s strategy to evaluate and mitigate risk, maintain continuity of operations and manage inc...
The Department of Defense has awarded 3M (NYSE: MMM) a $126M contract to increase the company's monthly production of medical-grade masks for COVID-19 response. Lt. Col. Mike Andrews, a DoD spokesman, said in a statement posted Wednesday the company will work to produce 26M N95 masks every month beginning in October....