Marsh McLennan’s (NYSE: MMC) subsidiary Oliver Wyman has finalized its purchase of Avascent, a management consulting firm supporting clients across defense, aerospace and government sectors, as part of efforts to form a combined entity with experience in deal and post-transaction work. The deal was first announced in October and Oliver Wyman said ...
William Lynn, CEO of Arlington, Virginia-based Leonardo DRS, said he believes trading on the stock market will give the company “much more strategic flexibility to build” and an opportunity to generate cash to fund future acquisitions, Breaking Defense reported Monday. In June, Leonardo DRS and Israel-based RADA Electronic Industries (Nasdaq: RA...
The global supply chain has come under heightened scrutiny and concern in the past few years, largely due to disruptions caused by COVID-19. As U.S. leaders turn their focus toward building and maintaining a secure, resilient supply chain, federal agencies are taking a closer look at the vendors they partner with in national security missions....
Lockheed Martin‘s (NYSE: LMT) aeronautics segment will develop a common reprogramming tool for the F-35 program under a $111.1 million contract modification awarded by the U.S. Navy. The business will establish network connections to create the CRT and select a service-oriented architecture to modernize software and hardware for use by aircraf...
General Dynamics (NYSE: GD) booked a profit of $902 million for the third quarter of its 2022 fiscal year, 4.9% higher than the $860 million net earnings it reported over the same period in 2021. Revenue for the period climbed 4.3% to $9.98 billion from $9.57 billion. The aerospace and defense contractor said Wednesday diluted...
Elbit Systems (Nasdaq: ESLT) has secured a $215 million contract to supply an aerial intelligence platform to an unnamed customer in the Asia-Pacific region. The international client could receive the ordered system within a two-year period, Elbit Systems said Thursday. The Israeli defense contractor will also manufacture a combat networked system a...
The U.S. Navy is seeking proposals for a follow-on procurement of technical support services to model and simulate combat environments. The next Battlespace Modeling and Simulation contract will have an indefinite-delivery/indefinite-quantity structure and is reserved for small business proposers, according to a solicitation notice posted Tuesday on...
Systecon has developed through the Opus Suite pilot project a baseline model prototype designed to provide the U.S. Air Force with data-driven decision support as the service deploys its fleet of F-15E fighter aircraft for Agile Combat Employment operations, GovCon Wire has learned. The company said the baseline Opus Suite model prototype could help...
As the pace of global competition quickens, conflicts unfold and the U.S. intelligence community begins to embrace the idea of unclassified work, IC leaders are exploring new ways to enhance collaboration and integration between mission and IT. At the Potomac Officer Club’s 8th Annual Intel Summit, technologists and leaders from governme...
Established in February through the combination of separate, active organizations, the Chief Digital and Artificial Intelligence Office was formed on the basis that isolated tools and gadgets cannot alone solve the Department of Defense’s greatest challenges. “It’s not technology, it’s not always necessarily even the capability...
