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...
End to End Enterprise Solutions, a service-disabled veteran-owned IT services company, has acquired D2K Technologies in a move to gain a share of the artificial intelligence and machine learning market. E3S said Friday the combined company aims to provide a “one-stop-shop” for customers to access advanced technology offerings such as aut...
The U.S. Army has awarded AM General a potential 10-year, $8.66 billion contract to produce up to 20,682 Joint Light Tactical Vehicles and 9,883 JLTV trailers for the joint force and foreign military sales customers. The recompete contract has a five-year base ordering period and five option years, the Army said Thursday. “From the start...
HII (NYSE: HII) saw its fourth-quarter revenue for 2022 rise by 5 percent to $2.8 billion compared with the prior-year period’s $2.67 billion, and recorded 10.7 billion in full-year revenue, up 12.1 percent from the previous year. The military shipbuilder said Thursday it recorded approximately $3.2 billion in Q4 new contract awards and ended the...
