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...
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...
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...
Weekly Roundup May 8 – May 12 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson It™s been nearly a decade since Satoshi Nakamoto first dreamt up the core component of the technology known as blockchain “ the decentralized, digital currency Bitcoin has evolved i...
Boeing (NYSE: BA) has received a $488.1 million contract modification from the U.S. Army to remanufacture 38 helicopters for the U.K. army and acquire three crew trainers along with associated spares as part of a foreign military sales agreement. The Defense Department said Thursday the modification covers remanufacturing of 38 AH-64 Apach...
Weekly Roundup May 1 – May 5 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Earlier this week, Congress finally reached an agreement on the contentious fiscal 2017 budget. The $1.16 trillion omnibus spending bill allocates $598.5 billion in discretionary funding to the Dep...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $1.38 billion contract to fund the procurement of long lead parts and components for the 12th batch of F-35 aircraft. The Defense Department said Friday the materials are needed for the manufacture of 130 lot 12 F-35s in support of U.S Air Force, Marine Corps, ...
Boeing (NYSE: BA) has received a $541.1 contract modification from the U.S. Army to manufacture lot 15 CH-47F cargo renew and new build helicopters for Netherlands under a foreign military sales deal. The Defense Department said Friday the full obligated amount at the time of award of the modification is from fiscal 2010, 2016 and 2017...
Weekly Roundup April 24 – April 28 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson For months, we™ve all been reading about the proposed wall along our nation™s southern borders, headlines describing the billions of dollars that will be needed to fund such an...
Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $422.7 million contract modification from the U.S. Navy to obtain special tools and test equipment for the tenth batch of F-35 jets. The Defense Department said Wednesday the modification covers purchases from the Navy, U.S. Air Force and Marine Corps as well a...
