Boeing has secured a contract modification valued at $1.68 billion to manufacture and deliver seven Lot 13 P-8A Poseidon maritime patrol aircraft to the U.S. Navy. The Department of Defense said Thursday the deal includes foreign military sales of non-recurring engineering for the governments of Canada and Germany. Work will be performed in Se...
The Department of Commerce is investing up to $300 million to accelerate the development of technologies to boost the semiconductor industry. The department said Thursday the three entities receiving up to $100 million in federal funding each will conduct advanced packaging research projects meant to boost innovation in semiconductor research, ...
Executive Mosaic’s GovCon Index ended higher Friday at $5,212.93 (+0.37%) as it continues to rebound from its worst weekly performance. The index, which tracks the stock performances of 30 major government contractors, advanced 1.05% for the week following positive returns since Wednesday. Wall Street’s post-election rally is over, although the ...
The Department of Defense has started seeking industry feedback on a draft request for proposal to develop a sustainable Advancing Artificial Intelligence Multiple Award Contract, or AAMAC. According to the special notice posted on SAM.gov Wednesday the multiple-award indefinite-delivery/indefinite-quantity contract aims to enhance the developm...
Boeing has been awarded a Lot 11 contract worth $2.38 billion to deliver 15 more KC-46A Pegasus tankers to the U.S. Air Force. The global aerospace and defense company said Thursday the new deal brings the total number of KC-46A multi-mission aerial refuelers contracted globally to 168 units. This provides the joint force and U.S. allies...
On the heels of the 2024 presidential election, the GovCon market is bracing for major change and transformation. Looking ahead to 2025, much is still in the air for the public sector, but there are still clear emerging themes and momentum in the market. Baird Managing Director Jean Stack, a Wash100 Award winner, dove into these market...
DCS, an engineering and technical services provider, has appointed Jeff Merli as vice president and division manager of the F/A-18 Software Engineering Support Division. The company said Thursday that Merli and his team will support the Naval Air Warfare Center Weapons Division at Naval Air Weapons Center in China Lake, California. He succeeds...
Kelli Murphy has joined Peraton as vice president of strategy for the citizen security and public services sector, the executive announced in a LinkedIn post Wednesday. Murphy most recently served as vice president for the Department of Homeland Security at Pyramid Systems. Before that, she was a senior principal of business development at Science A...
Leidos subsidiary Dynetics, a company specializing in hypersonics, has received a $670.5 million cost-plus-fixed-fee contract to supply the U.S. Army with the common-hypersonic glide body and thermal protection system. Dynetics Contract Scope Dynetics will perform work at its headquarters in Huntsville, Alabama. The project is expected to ...
Leonid Capital Partners has raised more than $265 million for its evergreen fund, exceeding its fundraising goals for 2024. “This milestone marks a belief in our work and the continued demand for credit investment among companies that do mission critical and groundbreaking work across the government ecosystem,” LCP Co-Founder Chris Lay said ...
