As the world enters the third year of the COVID-19 pandemic, the newly identified more contagious Omicron variant is posing new challenges for the U.S. health care system and the nation’s pandemic preparedness and response capabilities. Now, the federal government aims to leverage commercial partnerships, more robust funding, adapted legislati...
Booz Allen Hamilton (NYSE: BAH) has secured a $74.7 million contract to provide professional services to the U.S. Navy office responsible for the acquisition and sustainment of littoral combat ship mission systems. The company will perform non-personal support work for the Program Executive Office Unmanned and Small Combatants under the cost-plus-fi...
On Dec. 27, 2021 President Joe Biden signed into law the $770 billion National Defense Authorization Act for 2022, which gives a significant funding boost to critical Department of Defense initiatives including adopting emerging technologies, bolstering deterrence capabilities and modernizing military fleets. Of the NDAA’s total funding, $117...
The Federal Trade Commission postponed a decision on Lockheed Martin’s (NYSE: LMT) proposed $4.4 billion cash acquisition of rocket propulsion builder Aerojet Rocketdyne (NYSE: AJRD) for two weeks, giving U.S. antitrust regulators extra time to assess the terms of the companies’ deal, Reuters reported Tuesday. Sources told Reuters that the a...
Jimmy Benani was promoted to the role of vice president of federal health and civilian markets at Excella, where he previously served as director, FedHealthIT reported Wednesday. He has been with the Arlington, Virginia-based Agile technology company for more than 11 years now and he most recently led its efforts in supporting customers focused on...
Amentum, through its legacy company DynCorp, has secured a potential $147.3 million contract to provide global prepositioned material services to the U.S. Air Forces in Europe. The company will help store, maintain, reconstitute and outload equipment and perform contingency logistics support work under the USAFE GPMS program, Air Combat Command said...
Vortex Optics has received a potential $2.7 billion follow-on other transaction agreement from the U.S. Army to produce fire controls for next-generation weapons systems. The company will also provide spare parts, repairs, accessories, engineering, contractor support and other services to other Department of Defense components and foreign military s...
Kaman (NYSE: KAMN) has realigned its operations around three segments as part of a new reporting structure meant to improve transparency as part of the company’s growth strategy and portfolio management efforts. The company said Thursday it will present financial results under engineered products, precision products and structures business segment...
BAE Systems has secured a three-year, $97.3 million contract modification to produce additional M109A7 self-propelled howitzers for the U.S. Army. The company will also continue to supply the service branch with M992A3 carrier, ammunition, tracked vehicles, the Department of Defense said Friday. BAE’s howitzer platform is designed to provide i...
The Department of Defense is ramping up its modernization efforts with critical funding boosts and newly created senior executive roles to match the speed of rapid global developments and combat urgent pacing challenges. Defense spending for fiscal year 2022 has increased by five percent from the previous fiscal year’s defense policy measure. In D...
