Five companies have secured other transaction agreements ranging from $1 million to $25 million to develop prototypes of the U.S. Army’s Future Tactical Unmanned Aircraft System Increment 2. The OTA awards are part of an industry competition seeking a new UAS platform for brigade combat teams to perform reconnaissance and surveillance work eve...
Cybersecurity has taken the global stage with the prominence of electronic warfare tactics in the Russian invasion of Ukraine, but cyber aggression isn’t only a symptom of major geopolitical conflict. It can and does happen with frequency in peacetime and other more unexpected windows as well. La Monte Yarborough “While events such as t...
The U.S. Postal Service has awarded contracts to purchase battery-operated delivery vans and install charging stations at various agency facilities nationwide as part of its fleet electrification initiative. Awards cover the procurement of 9,250 E-Transit Battery Electric Vehicles from automaker Ford and more than 14,000 pieces of EV supply eq...
Lockheed Martin (NYSE: LMT), L3Harris Technologies (NYSE: LHX) and Northrop Grumman (NYSE: NOC) will continue the development of air-to-ground weapon system offerings for a U.S. Air Force program under separate contracts worth nearly $54 million combined. USAF awarded $18 million each to Lockheed and Northrop and another $17.7 million to L3Harris fo...
Lockheed Martin (NYSE: LMT) has received two task orders worth $202.5 million combined under a basic ordering agreement with the U.S. Navy to provide services in support of the Joint Strike Fighter Program. The Department of Defense said Thursday Lockheed’s aeronautics business will provide non-recurring engineering under a potential $170 million ...
Microsoft (Nasdaq: MSFT), Google and other U.S. technology companies attended a three-day defense conference in Munich to strengthen their support to Ukraine as the Eastern European country’s fight against Russian invasion enters its second year, Bloomberg reported Sunday. Ukrainian Prosecutor General Andriy Kostin said Microsoft agreed to pro...
Artificial intelligence has become increasingly important in the ever-evolving modern warspace. To address this emerging technology and harness its benefits to ensure decision-making advantage, the Department of Defense recently established the Chief Digital and Artificial Intelligence Office, which holds a goal of accelerating the department&#...
KBR (NYSE: KBR) posted $1.6 billion in revenue during the fourth quarter of fiscal year 2022, up 23 percent from the prior-year period excluding the Operation Allies Welcome program, and reported full-year sales of $6.6 billion, reflecting a year-over-year growth of 9 percent on an ex-OAW basis. The Houston-based engineering contractor said Thursday...
Craig Halliday brings a long history of technology leadership to his role as CEO of Unanet. The software company specializes in enterprise resource planning and customer relationship management programs aimed at the government contracting industry, as well as architecture, engineering, construction and professional services organizations. Previously...
Intuitive Machines will start trading common stock on Nasdaq as a result of the space technology developer’s merger with New York-based special purpose acquisition company Inflection Point Acquisition Corp. The combined entity will trade under the ticker symbol LUNR and will receive $55 million from an affiliate of company founders and sponsor...
