Executive Mosaic’s GovCon Index finished +2.37% higher at $4,656.07 Friday to register a second straight winning week. The index, which tracks the stock performances of 30 major government contractors, posted a +3.3% week-on-week gain overall despite three broad market selloffs during the week. It also trimmed the year-to-date loss to -3.87% f...
Leading Technology Composites has secured an $856.7 million contract from the U.S. Army for the procurement of advanced combat helmets. The Department of Defense said Thursday the firm-fixed-price contract covers the production of 406,384 units of Next Generation Integrated Head Protection Systems, or NG IHPS. The Wichita, Kansas-base...
Lockheed Martin’s aeronautics division has landed a potential $266 million undefinitized contract action from the U.S. Air Force for F-16 System Program Office foreign military sales support. F-16 FMS Support Contract Details The Department of Defense said Thursday said the contract covers an operational flight program update and tra...
John Jordan, a seasoned business and technical leader, has been appointed president of Chenega Analytic Business Solutions. John Jordan’s Career Achievements The Chenega business unit said Thursday Jordan joins the mission-critical support provider after working at Venturi, a company operating under Chenega Military, Intel...
Shield AI has raised $240 million in a round of F-1 strategic financing, bringing the deep-tech company’s valuation to approximately $5.3 billion. The company said Thursday it will use the capital to expand the deployment of its Hivemind Enterprise autonomy software to government agencies, original equipment manufacturers and companies. What I...
The U.S. Army has awarded 10 companies positions on a potential 10-year, $921.1 million contract to help prolong the service life of the military branch’s tactical engagement simulation systems. The Department of Defense said Thursday Army Contracting Command launched an internet solicitation and received 10 offers for the hybrid contract. The...
The Defense Threat Reduction Agency has begun conducting market research for professional analytical services supporting efforts to counter and deter weapons of mass destruction and other emerging threats in the continental and outside the continental United States. Enhancing Anti-WMD Capabilities According to the sources sought notice pos...
Following the sunsetting of Task Force Lima last year and coming on the heels of the AI Rapid Capabilities Cell is Thunderforge, the Department of Defense’s newest artificial intelligence endeavor. With the project, the Pentagon is looking to boost its planning, decision-making capabilities and operational protocol. And it has recruited a maj...
Sikorsky Aircraft, a Lockheed Martin subsidiary, has received a $100 million modification to a previously awarded indefinite-delivery/indefinite-quantity contract from the U.S. Navy for sustainment services for the H-53 heavy-lift transport helicopter. H-53 Helicopter Support Contract Details The Department of Defense said Tuesday the modi...
Jeff Burdett, a retired U.S. Air Force colonel, has been elevated to senior vice president of command and control intelligence, surveillance and reconnaissance, or C2ISR at SAIC. Vincent DiFronzo, SAIC executive VP for Air Force and COCOM Business and two-time Wash100 Award winner, announced the promotion on LinkedIn Wednesday. I...
