The Department of Defense’s arms sales grew by almost 50 percent in fiscal year 2022 due in large part to foreign military transactions in Asia and Central Europe, DOD News reported Wednesday. Data from the Defense Security Cooperation Agency showed an increase in sales from $34.81 billion in 2021 to approximately $52 billion last year....
A Curtiss-Wright (NYSE: CW) subsidiary has received a $287.1 million indefinite-delivery/indefinite-quantity contract to help the U.S. Air Force sustain a system for processing flight test data. Under the five-year contract, Curtiss-Wright Defense Solutions will provide commercial supplies and sustainment services to USAF’s High-Speed Dat...
Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has secured a $656.8 million modification under an U.S. Army contract for the production and delivery of UH-60M Black Hawk helicopters to Australia. The Australian government obligated the full amount of the award through the Department of Defense’s foreign military sales program, according t...
AE Industrial Partners has purchased a controlling stake in cyber technology company REDLattice through its third fund that launched in November 2022. John Ayers, founder and CEO of REDLattice, and Kevin Rummel, president and chief operating officer, will stay and keep significant ownership stakes in the company, AEI said Thursday. Chantilly, Virgin...
CACI International (NYSE: CACI) saw its fiscal year 2023 second quarter revenue rise 11 percent to $1.65 billion and attributed the increase to a 6 percent organic growth and recently completed acquisitions. The Reston, Virginia-based government technology services contractor said Wednesday total backlog at the end of December was $26.5 billion, of ...
Greg Young, chief operating officer of LinQuest since November 2019, has taken the helm as the company’s president and CEO. He succeeds Timothy Dills, who has retired after nearly four years in the dual role, the space systems development and integration services provider said Wednesday. “I am thrilled to carry on LinQuest’s legacy of cust...
Boeing (NYSE: BA) reported a $6.2 billion revenue from its defense, space and security business for the fourth quarter of 2022, compared with the $5.8 billion posted in the same period a year ago. The BDS organization posted a 5 percent growth year-on-year, bringing its annual sales to $23.1 billion, according to Q4 2022 financial...
The General Services Administration is calling for industry nominations to a new committee that will be tasked with advising federal agencies on cloud adoption and security matters. Interested private sector professionals have until Feb. 9 to nominate themselves to become part of the 15-member Federal Secure Cloud Advisory Committee, the agency said...
A Textron (NYSE: TXT) subsidiary will manufacture up to 64 multi-engine training systems to replace the U.S. Navy’s T-44C Pegasus trainer platform under a potential $677.2 million contract. Naval Air Systems Command said Wednesday the branch initially ordered 10 aircraft for approximately $113.1 million through the firm-fixed-price c...
The Department of Defense has made changes to the Autonomy in Weapon Systems directive to reflect DOD’s continuous efforts to develop policies on military uses of artificial intelligence and autonomous systems as well as changes across the department over the last 10 years. The DoD Directive 3000.09 was developed to prevent unintended engagements ...
