Northrop Grumman (NYSE: NOC) has won a potential five-year, $3.29 billion contract from the Missile Defense Agency to design, build, test and deploy a next-generation weapon system for defending against ballistic missile strikes. The company will aim to produce Ground-Based Midcourse Defense software and hardware that would exceed the performance of...
General Dynamics (NYSE: GD) logged a $766 million profit for the second quarter of its 2022 fiscal year and $9.2 billion in revenue, figures respectively 3.9 percent higher and relatively flat compared to the same period last year. The Reston, Virginia-based defense contractor said Wednesday earnings totaled $2.27 per share, up 5.4 percent from the...
BAE Systems has secured a two-year, $299 million order from the U.S. Army to manufacture additional self-propelled howitzers and carrier ammunition-tracked vehicles. The company said Wednesday it will produce and deliver 40 sets of M109A7 howitzers and M992A3 CAT platforms and spare parts to the service branch. Work will occur at BAE locations in Pe...
A Thales subsidiary has acquired the remaining stake of Leonardo DRS in Advanced Acoustic Concepts, the joint venture between the two organizations, for an undisclosed amount as part of the former’s efforts to expand engineering offerings for the U.S. military. Thales Defense & Security Inc. now has full ownership of AAC, which generated $...
Viasat (Nasdaq: VSAT) has enlisted the help of an adviser as the communications equipment provider considers selling a unit that offers encryption tools to the government sector, Bloomberg reported Tuesday. The encryption business’ estimated annual EBITDA stands at $120 million and the portfolio could sell for $1.8 billion from potential ...
Mike Barthlow, president and CEO of BT Federal, spoke with GovCon Wire about recently joining the company as well as how the leadership team is evolving its workforce to capitalize on more than 70 years of security experience across the federal landscape. In addition, Barthlow discussed his strategic growth goals for BT Federal and how the company...
In today’s federal contracting landscape, data is one of the most important and useful assets an organization can leverage. Data coming from multiple endpoints, sources and sensors can provide agencies with critical insights into business processes, IT environments, security and more — if harnessed properly. Top-level government and industry exe...
Dulles, Virginia-based contract management software provider Unison has purchased FARclause.com, a Federal Acquisition Regulation compliance platform, for an undisclosed sum. Unison said Monday FARclause.com helps government contracting professionals extract and validate clauses from contracts and requests for proposals, analyze risks and identify c...
The State Department has approved Singapore’s request to purchase F-15 munitions, follow-on training and sustainment support and associated equipment from the U.S. government under a potential $630 million foreign military sales agreement. The Defense Security Cooperation Agency said Monday that no principal contractor is involved in the possi...
The U.S. Navy has awarded contracts to General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary and HII’s (NYSE: HII) Ingalls Shipbuilding division to perform shipbuilder engineering and design analysis for the next-generation guided-missile destroyer program. The contractors will come up with design products in support of preliminary and contrac...
