The governments of Norway and U.S. have signed an approximately $494 million agreement to equip the Norwegian air force’s F-35 aircraft fleet with an updated variant of the Advanced Medium Range Air-to-Air Missile. Norway will acquire AMRAAM-D missiles, manufactured by Raytheon Technologies (NYSE: RTX), to boost the F-35 aircraft’s senso...
Lockheed Martin (NYSE: LMT) has secured a $45 million contract modification to deliver procurement and engineering support services to the U.S. Navy for small combatant propulsion system spares. The Defense Department said Wednesday the action was made under a potential $168.9 million award that could extend the performance period to October 20...
Lauren Ayers, a federal and industry acquisition and procurement executive, has joined the Professional Services Council as vice president of defense and intelligence. She oversees PSC’s policy, education and advocacy efforts in support of the Department of Defense and Intelligence Community agencies. Ayers most recently worked at the Department o...
Centurum will help the U.S. Navy maintain and operate a restoration depot under a potential five-year, $140.1 million indefinite-delivery/indefinite-quantity contract. The Navy facility hosts activities to calibrate, fabricate, overhaul, repair and restore electro-mechanical and mechanical airborne, ground and shipboard assemblies and subassemblies,...
Financial services company Baird hosted its annual Government & Defense Conference on Thursday, bringing together industry leaders from across the federal sector to discuss the state of the government contracting industry, the impacts of recent sociopolitical events on the economic landscape and business strategies for the future. Bair...
Treasury Secretary Janet Yellen said the recent collapse of a major cryptocurrency exchange highlights the need for better oversight of crypto markets. CBS News reported Bahamas-based cryptocurrency exchange FTX recently filed for bankruptcy and is now under investigation over possible securities violations. Yellen said in a statement published Wedn...
At Thursday’s 16th annual International Stability Operations Association summit event, KBR’s Tom Lampley concluded his role as ISOA chairman and the organization welcomed Amentum Senior Vice President John Gastright as the next chairman. The event took place at the Hilton Hotel in McLean, Virginia, and hosted hundreds of leaders a...
Boeing (NYSE: BA) has reorganized its defense, space and security business by merging its eight divisions into four as part of efforts to streamline collaboration and integration. Boeing Defense, Space and Security will now operate with four divisions focused on vertical lift; mobility, surveillance and bombers; air dominance; and space, intelligenc...
General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary has received a potential $181.9 million contract modification to continue providing planning yard services for the U.S. Navy’s Arleigh Burke-class guided-missile destroyers. The modification marks the final option period on a previously awarded contract and covers the delivery of long lead-...
C3 Integrated Solutions and Steel Root have merged to form a new entity that will provide end-to-end managed services to help defense contractors comply with the Cybersecurity Maturity Model Certification program and other regulatory standards. Marc Pantoni, former president of Thrive, has been named CEO of the combined company that will operate und...
