Lockheed Martin‘s (NYSE: LMT) space business has secured a $315.9 million contract modification from the U.S. Navy for continued work in support of the service branch’s intermediate range hypersonic missile program. The award covers options for equipment design, development, construction and integration for the Navy Intermediate Range Co...
Army Issues $2.5B Contract Extension to 16 IT Vendors; Parsons Buys SealingTech for $200M; Lockheed, Northrop Book $1.5B in SDA Satellite Prototype Agreements; Stan Sloane Appointed CACI Independent Director Click to Unmute ...
Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has secured a potential $2.7 billion contract from the U.S. Navy to develop and deliver 35 more CH-53K King Stallion heavy-lift helicopters. The contract includes the development of 12 units of Lot 7 CH-53Ks and 15 Lot 8 aircraft for the U.S. Marine Corps and eight helicopters for Israel’...
Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) will lead two separate teams under a pair of NASA contracts to develop concepts for a passenger jet capable of reaching Mach 2 to Mach 4 speeds. Each industry team will create a nonproprietary aircraft design and a high-speed air travel roadmap for the next phase of the Advanced Air Vehicles...
The U.S. Army has awarded BAE Systems‘ land and armaments business a $113.1 million contract modification to procure modernized units of the Bradley Fighting Vehicle. BAE will provide M2A4 and M7A4 ground armored vehicles to the service branch, the Department of Defense said Wednesday. The Army used its fiscal 2022 and 2023 procurement funds f...
Scout Space has acquired Free Space, a startup that developed satellite autonomy software concepts, as both companies aim to establish a presence in the government market. Free Space CEO Gil Valdes and Executive Chairman Vin Bisceglia will join Scout as vice president of government programs and VP of growth, respectively, Scout said Thursday. Founde...
The Defense Advanced Research Projects Agency has selected a team led by Intel‘s (Nasdaq: INTC) research arm to develop a tactical-grade clock with microsecond precision for positioning, navigation and timing. Intel Labs will work with the University of Pennsylvania, Carnegie Mellon University and IS4S to create a size, weight and power-optimi...
Forward Slope, a technology services company backed by Dallas-based private equity firm Trive Capital, has acquired Soar Technology in a transaction that allows it to expand its client base and core competencies in the defense and national security markets. SoarTech helps the Department of Defense meet mission requirements by developing artificial i...
Patriot Contract Services has won a potential five-year, $303.6 million contract to help the U.S. Navy’s Military Sealift Command operate and maintain two large, medium-speed, roll-on/roll-off vessels. The service branch obligated an initial $20.3 million for support work on USNS Seay and USNS Pililaau, the Department of Defense said Tuesday. ...
Owl Cyber Defense, a DC Capital Partners portfolio company, has acquired Big Bad Wolf Security in a deal aimed at accelerating Owl’s expansion into the government cloud market. Financial terms of the transaction were not disclosed and Owl said Tuesday it will add BBWS’ cloud security and cross-domain solutions to the parent company’...
