Lockheed Martin (NYSE: LMT) has booked a five-year, $1.44 billion contract from the U.S. Navy to continue developing warfighting capabilities for the F-35 program. The company will develop Multiship Infrared Search and Track Increment 2, Electronic Warfare Band 2/5 Radar Warning Receiver, Beyond Line of Sight communications and Modernized Countermea...
The Department of Energy’s National Nuclear Security Administration has issued a solicitation for a potential seven-year, $1 billion contract to support the deployment of counter nuclear smuggling systems in cooperation with international partners worldwide. NNSA plans to make up to three awards through the Counter Nuclear Smuggling System Deploym...
Verizon (NYSE: VZ) will provide mobile devices and wireless network support to the Department of Veterans Affairs under a potential nine-year, $448.3 million-dollar contract awarded in March. The award is part of the VA’s follow-on Enterprise Mobile Devices and Services program and offers the department access to the Verizon Frontline public s...
Arnold Nowinski, former executive director of the launch and safety business at Axient, has been elevated to a vice president role within the same unit under Axient’s national security space segment. He will lead a team of engineers and scientists that conducts new entrant certification for launch platforms, verifies system safety at U.S. Spac...
Leidos (NYSE: LDOS) reported $3.7 in sales for the first quarter of 2023 and attributed the 6 percent revenue spike to year-over-year growth in the company’s defense, civil and health business segments. The Reston, Virginia-based company said Tuesday net income for the January-to-March period was $164 million and total backlog stood in t...
HII‘s (NYSE: HII) mission technologies business will support the U.S. Navy’s shore-based training systems under a potential five-year, $242 million task order. The project will include applying a DevSecOps model to the hardware and software product development life cycle in support of the Naval Surface Warfare Center Dahlgren Division Da...
The U.S. Coast Guard has begun seeking proposals for a $233.3 million follow-on contract to identify installation and logistics management service providers for command, control, communications, computers, cyber and intelligence systems. USCG is seeking contractor support to implement shipboard and land-based C5I systems through the multiple-award, ...
Aware (Nasdaq: AWRE) reported $4.3 million in sales for the first quarter of 2023, up 6 percent from a quarter earlier, and attributed software subscription growth to a sequential improvement in the company’s recurring revenue. The authentication software vendor said Tuesday it expects to log total revenue and annual recurring revenue growth o...
Bernhard Capital Partners has signed an approximately $100 million deal to acquire the federal and defense business of aftermarket services provider VSE (Nasdaq: VSEC). VSE said Monday the divestment move would allow the company to reposition itself into two businesses that offer distribution and maintenance, repair and overhaul service. BCP, a priv...
L3Harris Technologies (NYSE: LHX) posted $4.5 billion in revenue for the first quarter of 2023, up 9 percent from the prior-year period, driven by sales growth across its three business segments. The company said Thursday profit for the quarter was $339 million, compared to the $475 million a year ago and earnings were $1.76 per...
