Federal contract spending has increased by 5.8 percent per year in the past five fiscal years driven by agencies™ rising use of simplified acquisition procedures and governmentwide procurement contracts, Bloomberg Government reported Wednesday. Contract spending in FY 2018 reached $560B, according to the report. Federal agencies obligated $15B ...
Leonardo DRS and Rafael Advanced Defense Systems have received a $79.6M contract to supply the U.S. Army and the U.S. Marine Corps with active protection systems designed to protect combat ground vehicles from anti-armor rockets and missiles. The industry team will provide additional TROPHY systems and the contract will bring the...
Kellstrom Defense Aerospace has acquired Williams Aerospace and Manufacturing for an undisclosed sum in a push to address a demand for spare parts services in the global military aircraft operator community. KDA said Monday its engineered products operating segment will incorporate WAM™s manufacturing processes and the combined compan...
Technical Services Corp. has purchased Virginia-based Accelerated Development & Support and rebranded as ADS Federal as a result of the acquisition. ADS Federal Angel Diaz said in a statement published Monday the combined firm will leverage ADS™ experience supporting the Department of Defense and identify critical requirements in ...
Cloudera (NYSE: CLDR) and Hortonworks have completed their merger to offer an enterprise data cloud platform designed to help organizations carry out data analytics and machine learning functions in hybrid and multicloud environments. Cloudera CEO Tom Reilly said in a statement published Thursday the combined entity will deliver a set...
Fulcrum has won a potential five-year, $128M contract from the Defense Intelligence Agency to provide operational and analysis support services to U.S. combat forces stationed in South Korea. Virginia Contracting Activity received seven offers for the labor-hour contract via a competition acquisition process, the Department of Defense said...
Raytheon (NYSE: RTN) has received a potential five-year, $205.2M contract to support a weapon system designed to help the U.S. Army identify and counter incoming rounds on land. The cost-plus-fixed-fee contract covers work on the Phalanx radar-guided gun through Dec. 27, 2023, the Department of Defense said Friday. Phalanx&n...
Eight companies have secured contracts worth $22.5M combined to develop, manage and update a set of Open Architecture standards for the U.S. Air Force. The contractors will work as a single entity to create and offer configuration control for Universal Command and Control Interface and Open Mission systems standards, the Department of Defense report...
SOS International has secured a potential five-year, $191.2M contract from the U.S. Army to perform base life support and security services at a Taji, Iraq, military complex that houses coalition forces supporting Operation Inherent Resolve. The Army obligated $83M in fiscal 2019 operations and maintenance and military personnel appropriations ...
A Huntington Ingalls Industries (NYSE: HII) division has secured two contracts worth $930.9M combined to build the 10th and 11th National Security Cutters for the U.S. Coast Guard. HII™s Ingalls Shipbuilding business will develop NSC 10 under the $468.75M fixed-price-incentive contract and NSC 11 under the $462.13M contract, the ...
