The U.S. Department of the Air Force is looking toward a revised strategy in how it goes about procuring technologies from industry partners and encouraging innovation in the commercial sector. In order to speed up the fielding and implementation of new tools, DAF leaders are turning to alternative sources for products and services. “We have...
The Federal Trade Commission and the Department of Justice are seeking public comments on a draft update of guidelines meant to help federal regulators determine if merger and acquisition deals affect U.S. market competition. FTC said Wednesday the draft enforcement manual outlines 13 guidelines agencies may use to determine whether a proposed...
The State Department has cleared a potential $2.90 billion foreign military sale of advanced medium-range air-to-air missiles manufactured by RTX (NYSE: RTX) to the government of Germany. The potential FMS deal covers the provision of up to 969 AIM-120C-8 AMRAAM and 12 AMRAAM C8 guidance sections, the Defense Security Cooperation Agency said Wednesd...
A Lockheed Martin (NYSE: LMT) subsidiary has won a $220.8 million other transaction agreement to build a prototype of high-energy laser technology for the U.S. Army’s ground-based Indirect Fire Protection Capability weapon system. Aculight will provide development, integration, manufacturing, testing and delivery services to the IFPC-HEL progr...
IronGate Capital Advisors has closed its first discretionary fund that allows the firm to invest in venture capital partnerships and early-stage companies to support the development of dual-use technologies that could help strengthen U.S. national security and the commercial economy. The venture capital investment firm said Wednesday it secured $25 ...
Managed security services provider CISO Global (Nasdaq: CISO) has agreed to acquire Chesapeake, Virginia-based veteran-owned endpoint security technology provider SB Cyber Technologies for an undisclosed sum. CISO said Wednesday it expects to close the transaction this summer and plans to add SB Cyber’s Checklight platform to the vCISO portfol...
Lockheed Martin (NYSE: LMT) logged an 8 percent increase year-over-year in fiscal 2023 second-quarter net sales to $16.7 billion, net earnings of $1.7 billion or $6.63 per share and a record backlog of $158 billion. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.5 billion to shareholders in the form of cash...
Intel’s (Nasdaq: INTC) foundry business has added Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) to the second phase of the Department of Defense’s Rapid Assured Microelectronics Prototypes-Commercial program. Northrop and Boeing will join IBM (NYSE: IBM), NVIDIA (Nasdaq: NVDA), Microsoft (Nasdaq: MSFT), Qualcomm (Nasdaq: QCOM) and other RAM...
Candice Ling, vice president of the federal government civilian business at Microsoft (Nasdaq: MSFT) since October 2021, has been appointed as the company’s federal sector leader. Ling wrote in a LinkedIn post Tuesday that she aims to promote a culture of innovation, collaboration and inclusivity as she oversees the Microsoft Federal organizat...
Pratt & Whitney, an RTX (NYSE: RTX) business, has been awarded a $256.3 million contract option by Naval Air Systems Command to maintain fielded F-35 propulsion systems for domestic and international military customers. The engine builder will support depot-level F135 maintenance and repair activities under the exercised option, the Department o...
