By Heinz Pfriemer, Global Head of Defense and Security at SAP Gartner in May reported that half of organizations expect to use artificial intelligence in contracting by 2027. The 101 procurement leaders surveyed anticipated a productivity boost of more than 20 percent within 18 months of doing so. That generated a buzz in the procurement...
Tampa, Florida-based Repkon USA has secured a $435 million contract to design, construct and commission a production facility for trinitrotoluene, or TNT, in Graham, Kentucky, for the U.S. Army. The five-year, sole-source contract is aimed at reestablishing domestic production of the chemical compound needed for manufacturing ammunition, such ...
Newly formed aerospace manufacturing holding company Velocity One has agreed to merge with EMCORE, a provider of inertial navigation solutions to the aerospace and defense industry. EMCORE said Friday the cash transaction with a purchase price of $3.10 per share was cleared by its board of directors and will see the company become a wholly...
The U.S. Space Force has awarded 12 companies positions on a potential 10-year, $2.5 billion contract to provide advisory and assistance services for Space Systems Command. The Department of Defense said Wednesday the Hemisphere program is a multiple-award, indefinite-delivery/indefinite-quantity contract that seeks to support SSC’s Space Doma...
IonQ has agreed to acquire all the operating assets of Qubitekk as part of a push to broaden its presence in the quantum networking industry. College Park, Maryland-based IonQ said Wednesday it expects the acquisition to close within the next six months and help expand its technology portfolio in quantum network security and protection and...
BWX Technologies has agreed to acquire L3Harris Technologies’ Aerojet Ordnance Tennessee business for $100 million. The Virginia-headquartered nuclear and metal components provider said Monday the purchase of AOT will strengthen its capacity to develop products for commercial, military and space customers. The transaction is expected to close befo...
Mitch Icard, former vice president of space and advanced technologies at Teledyne Brown Engineering, has joined Spectral Energies as chief operating officer. The executive announced the appointment in a LinkedIn post Monday. Icard has a combined 15 years at Teledyne. He initially worked as director of finance and administration for Teledyne Energy S...
The U.S. Navy has awarded Kongsberg’s defense and aerospace business segment a $329 million contract to provide medium caliber turret systems for the U.S. Marine Corps ACV-30 amphibious combat vehicles. The Department of Defense said Monday the firm-fixed-price contract covers Lots 5 and 6 full-rate production of 175 Protector Remote Turret 20...
ARKA Group has closed its purchase of Maxar Technologies’ radar and sensor technology, or RST, group in a transaction that expands its synthetic aperture radar, moving target indication and geospatial intelligence capabilities designed to address emerging threats facing the U.S. government and its allies. The defense and space manufacturing compan...
The U.S. Navy has started soliciting offers for a potential five-year, $243.9 million contract to conduct research and build tactical electronic warfare and combat systems. According to a solicitation published Friday, the Naval Research Laboratory will accept proposals for the Tactical Combat and Electronic Warfare Systems Research and Development ...
