The U.S. Air Force has awarded an $88.3 million contract to General Dynamics‘ (NYSE: GD) ordnance and tactical systems business to produce cannon guns for the F-16 weapon system. The AF Life Cycle Management Center will obligate $7.85 million in foreign military sales funds for the initial order of 20mm M61A1 Vulcan artillery from General...
President Joe Biden intends to nominate Frank Calvelli, a senior vice president at Booz Allen Hamilton (NYSE: BAH), to be assistant secretary of the Air Force for space acquisition. Calvelli has 34 years of intelligence community experience that includes service at the National Reconnaissance Office, the White House said Wednesday. He worked as NRO&...
NuScale Power has agreed to merge with blank check company Spring Valley Acquisition (NASDAQ: SV) in a transaction that would take the Fluor-backed (NYSE: FLR) company public and help commercialize its small modular reactor technology. Fluor said Tuesday it has invested over $600 million in NuScale since 2011 and expects to own about 60 percent...
Vikram Manikonda, an industry veteran with more than 20 years of experience in the government contracting industry, has been appointed chief technology officer of BlueHalo, effective Jan. 1. BlueHalo said Wednesday Manikonda spent more than two decades at the company’s technology innovation subsidiary Intelligent Automation Inc., where he most rec...
Michael Saylor, CEO of software company MicroStrategy (Nasdaq: MSTR), will give his perspective on the trends shaping the future of cryptocurrency during a fireside chat session at the Potomac Officers Club’s upcoming Digital Currency and National Security Forum. He co-founded MicroStrategy in 1989 with the goal of helping enterprises gain act...
Six companies have secured contracts worth potentially $40 million combined to help NASA’s Ames Research Center develop rotorcraft vertical lift technologies. Tasks under the five-year hybrid contracts are scheduled to commence on Tuesday and will continue through Dec. 20, 2026, the space agency said Wednesday. Contractors will provide resourc...
The U.S. Army has kicked off solicitations for a potential $93.6 million contract to acquire digital night vision technology as the service branch aims to transition to networked digital sensing. The Army said Wednesday in a SAM.gov notice it wants an open-architecture DNVT that combines night vision devices with sensors to support situational aware...
Naval Air Systems Command awarded Pratt and Whitney‘s military engines business a $145.3 million contract modification to procure depot support equipment and supplies for the F-35 program. NAVAIR exercised options on a previously awarded contract to the Raytheon Technologies subsidiary supporting fighter aircraft sustainment work for both dome...
Honeywell (Nasdaq: HON) has signed an all-cash deal to acquire Arizona-based US Digital Designs, a communications technology provider to the public safety sector. North Carolina-headquartered Honeywell said Monday the transaction’s value is 14 times the projected earnings before interest, taxes, depreciation and amortization at US Digital Desi...
Launch services provider Rocket Lab (Nasdaq: RKLB) has agreed to acquire space solar power technology developer SolAero Holdings for approximately $80 million in cash. Rocket Lab said Monday it expects to close the transaction in the first quarter of 2022 and the deal is in line with the company’s strategy of assembling a comprehensive portfol...
