The Department of Energy has released guidance on how economically challenged nuclear power reactor owners or operators can apply for financial assistance through a $6 billion credit program. DOE said Tuesday it will accept applications and sealed bids for the initial Civil Nuclear Credit Program award cycle until May 19 and will prioritize submissi...
A business segment of Lockheed Martin (NYSE: LMT) has received contract options worth $396.73 million from the U.S. Navy to produce submarine-launched ballistic missiles. The exercised options under a previously awarded contract are for Trident II D5 production and deployed systems support services, the Department of Defense said Tuesday. The Navy&#...
U.S. Special Operations Command has awarded $450 million in contract modifications to seven companies to provide military freefall and static line support services. The modifications increase the indefinite-delivery/indefinite-quantity contract’s ceiling value to $650 million and extend the performance period from five years to eight years, the De...
ExecutiveBiz featured Don Heckman, director of advanced solutions at Guidehouse, in its most recent Executive Spotlight interview published Tuesday. He talked about Guidehouse’s culture and strategy critical to expanding its federal sector footprint, the necessity of having cybersecurity hygiene across the government and the impact of artifici...
Derrick Pledger, vice president and director of the Digital Modernization Accelerator at Leidos (NYSE: LDOS), said establishing deep strategic partnerships with other companies could help facilitate the development of new capabilities and platforms that could help address mission challenges facing federal agencies. Pledger wrote that there are three...
GovCon Wire Events will feature Ed Mornston, director of intelligence and security at the Army Futures Command; and Joseph Rouge, deputy director of ISR at the U.S. Space Force, as panelists at a virtual event scheduled for Wednesday. Brian Keller, vice president and Army strategic account executive at Leidos, will moderate the panel discussion as...
TTM Technologies (Nasdaq: TTMI) has agreed to buy Telephonics from Griffon (NYSE: GFF) in a cash transaction worth approximately $330 million to expand its offerings and capabilities in the aerospace and defense market. Santa Ana, California-based printed circuit board manufacturer TTM said Monday it expects the transaction to be immediately accreti...
The State Department has approved a potential $997 million foreign military sale of 12 AH-1Z attack helicopters, manufactured by Textron‘s (NYSE: TXT) Bell subsidiary, and associated equipment to Nigeria. The proposed deal will include 28 T-700 401C engines from General Electric (NYSE: GE), 2,000 Advanced Precision Kill Weapon System gui...
Peraton has received a potential five-year, $118.2 million contract to design and develop software for a new U.S. Army system intended to connect military sensors, operators and weapon launchers. The service will use the software in the Integrated Air and Missile Defense Battle Command System, also known as IBCS, the Department of Defense said Thurs...
David Kim, director of support at the U.S. Army Intelligence and Security Command, is scheduled to deliver a keynote speech on Wednesday at GovCon Wire’s virtual forum about military plans and priorities in the intelligence area. Kim acts as the Headquarters Service Executive and oversees contracts for Army INSCOM, which is based at Fort Belvo...
