An RTX (NYSE: RTX) business has secured a U.S. Army contract worth $2.1 billion for low-rate initial production of the Lower Tier Air and Missile Defense System. The Department of Defense said Wednesday Raytheon will perform contract work at its Andover, Massachusetts location over a four-year period. LTAMDS is a radar intended to defeat hypersonic...
CGI’s (NYSE: GIB) U.S. government arm has agreed to acquire Aeyon to expand its portfolio of technology offerings and relationships with U.S. military agencies and other critical national security customers. CGI Federal said Tuesday both parties expect the transaction to conclude in the fourth quarter of fiscal year 2024, pending regulatory cleara...
The first delivery of the Department of Defense’s CJADC2 initiative could be realized this fall during the twelfth round of the Pentagon’s Global Information Dominance Experiment, according to GIDE Director Col. Matt Strohmeyer. “Our goal is to deliver 1.0 of CJADC2 this fall during GIDE 12,” said Strohmeyer during a panel discussion mo...
Leidos (NYSE: LDOS) has received a potential five-year, $823 million task order from the Defense Information Systems Agency to provide sustainment and operations support services for the Department of Defense Network program. The company said Monday the task order was issued under the 10-year, $11.5 billion Defense Enclave Services contract awarded ...
CACI International (NYSE: CACI) will provide the U.S. Army with global operational support for unmanned systems under a potential $414 million task order. The company said Monday it will support the Army Combat Capabilities Development Command – Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance and Reconnaissance Cente...
Eleven companies were selected by the U.S. Navy for the procurement of machinery and systems services for naval vessels and land-based sites. The Department of Defense said Thursday the vendors secured spots on the indefinite-delivery/indefinite-quantity contract with a combined value of $496.1 million. The contract covers the procurement of h...
Northrop Grumman (NYSE: NOC) saw its second-quarter fiscal 2024 sales climb 7 percent to $10.2 billion, up from $9.6 billion during the prior-year period, and attributed the growth to strong demand for the company’s products and services. The Falls Church, Virginia-based aerospace and defense contractor said Thursday Q2 net awards totaled $15....
What’s next for artificial intelligence in the federal landscape, and how are government leaders looking to use AI? Bill Rowan, vice president of public sector at Splunk, shared his insights about the future of AI, popular AI use cases and how AI could change the game in cybersecurity in a new Executive Spotlight interview with GovCon...
Astrion, a portfolio company of Brightstar Capital Partners, has agreed to acquire Axient for an undisclosed sum to expand its capabilities and presence in the defense and federal civilian market. Astrion said Wednesday it expects the acquisition to conclude in the third quarter of 2024, subject to government and regulatory clearances and other cust...
Lockheed Martin (NYSE: LMT) reported a 9 percent year-over-year increase in fiscal 2024 second-quarter net sales to $18.1 billion, a total backlog of $158 billion and Q2 net earnings of $1.6 billion, or $6.85 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it recorded $1.9 billion in cash from operations and fre...
