The promises of the second Trump administration — namely, reductions in bureaucratic redundancy and spending — have the government contracting industry sufficiently apprehensive about the prospects for funding in the year ahead, according to reporting by financial services company Raymond James. The organization has issued its monthly ...
Dawn Golightly has been appointed vice president of Lockheed Martin‘s upper-tier integrated air and missile defense, or UTIAMD, programs. Golightly announced her appointment in a LinkedIn post on Monday. The move comes after the Missile Defense Agency awarded Lockheed a $2.8 billion recompete contract to develop the Terminal High Al...
5G connectivity has the potential to mitigate latency and enable large amounts of data to pass through communications systems, a bonus for the military. But so too do non-terrestrial networks — which are facilitated not by cellular towers but rather arrays of satellites — as long as they are situated in low Earth orbit rather than...
The U.S. Air Force has announced its intent to add another $10 billion to the ceiling value of a potential five-year, $15 billion contract for the development and integration of the Lockheed Martin-built C-130J military transport aircraft. In a Jan. 31 notice published on SAM.gov, the Air Force Life Cycle Management Center’s Mobility Directorate s...
The State Department has approved Israel’s two foreign military sales, or FMS, requests worth about $7.41 billion combined for AGM-114 Hellfire missiles, munitions, guidance kits and related equipment and support services. The Defense Security Cooperation Agency said Friday it has already informed Congress of the proposed FMS deals. Munitions,...
HII reported $3 billion in fourth-quarter revenues for fiscal 2024 and saw its full-year revenue increase 0.7 percent to $11.5 billion. In an earnings release published Thursday, the military shipbuilding company logged $12.1 billion in new contract awards and ended the year with a total backlog of approximately $48.7 billion. HII recorded quarterly...
Vehicle software supplier Applied Intuition has acquired autonomy software provider EpiSys Science, also known as EpiSci. The companies said Thursday the move is part of a strategy to position Applied Intuition’s defense business as one of the leading developers of autonomy software for all-domain applications. The acquisition deal will see Ep...
James Potter was appointed vice president of procurement at V2X, where the previously served as program manager. The executive, who has more than two decades of experience in government, aerospace and defense landscape, announced his promotion in a LinkedIn post published Thursday. James Potter’s Career Highlights Before joining V2X in 2023, P...
Amentum reported $3.4 billion in first-quarter revenues for fiscal year 2025, reflecting a 2.3 percent increase on a pro forma basis driven by growth in the company’s digital and global engineering solutions segments. Q1 Fiscal 2025 Results In an earnings release published Tuesday, Amentum said its generally accepted accounting principles, or ...
Private equity firm Digital Capital Partners has acquired Govplace, a secure IT products and services provider supporting federal agencies. Terms of the acquisition include retaining Govplace’s leadership team to ensure operational continuity. The partnership deal, DigiCap’s first foray into the federal sector, aims to accelerate Govplac...
