BAE Systems has received a $256.8 million contract option to manufacture more than 40 additional amphibious combat vehicles for the U.S. Marine Corps. USMC ordered 25 units of the ACV Personnel variant for $145.3 million and 15 ACV Command vehicles for $111.5 million, the company said Monday. Contract funds will also cover the costs of...
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $214.5 million contract to conduct initial engineering efforts for international partner vessels equipped with the Aegis combat system. Lockheed’s rotary and mission systems business will help foreign military sales customers assess ship modernization plans and select new weapon...
The federal business of CACI International (NYSE: CACI) has landed a potential $92.56 million foreign military sales contract with the U.S. Navy to perform technical engineering work for the Canadian Surface Combatant program. CACI secured an initial $11 million to support the CSC project until February 2024, with options for additional task orders ...
The National Nuclear Security Administration is inviting vendors to submit feedback on a draft solicitation notice for a potential $800 million multiple-award contract to field systems intended to counter the illegal trade of nuclear and radiological materials. NNSA’s planned multiple-award, indefinite-delivery/indefinite-quantity contract to ...
The U.S. subsidiary of MBDA will manufacture common anti-air modular missiles for maritime use under a potential $145.56 million contract from the U.S. Navy’s Naval Sea Systems Command. Under the four-year contract, MBDA Inc. will produce CAMM systems for installation on multi-mission surface combatant vessels of domestic and international cus...
Prism Maritime has won a potential $250.8 million contract to install, modify and upgrade the combat systems for the U.S. Navy, Coast Guard and foreign military sales customers. The cost-plus-fixed-fee contract entails technical and engineering support to the Alteration Installation Team under the Navy Surface Warfare Center Port Hueneme Division in...
Office of Management and Budget and Department of Labor heads issued a joint memorandum to guide federal agencies following recommendations made by the White House Task Force on Worker Organizing and Empowerment to bolster contract labor and employment practices. The Jan. 10 memo from OMB Director Shalanda Young and DOL Secretary Martin Walsh emphas...
Lockheed Martin (NYSE: LMT) has secured a potential seven-year, $853 million contract to help the U.S. Navy field and sustain the Aegis weapon system. The company’s rotary and mission systems business will provide engineering, software development, in-service maintenance, logistics, fielding and integration support for Aegis configurations del...
The U.S. Navy has awarded 14 companies spots on two contract modifications worth $419 million combined to provide maintenance, repair and modernization support services for littoral combat ships based in San Diego. Majority of the work will occur on the West Coast and the rest will be carried outside the continental U.S., including Singapore, throug...
After the government contracting industry experienced a surge in mergers and acquisitions a few years ago, the market has cooled in recent times. This is partly due to cautionary business behaviors in response to accelerated inflation. According to Howard Seeger, founder, managing partner and CEO of advisory firm Deep Water Point, in today’s lan...
