The Department of Defense has moved to update the rates of progress payments meant to help defense contractors mitigate the impacts of the COVID-19 pandemic. In March 2020, DOD issued a memo that increases the progress payment rates for large businesses from 80 percent to 90 percent and from 90 percent to 95 percent for...
An HII (NYSE: HII) business unit will help the U.S. Army Research Laboratory develop, test and evaluate defense systems under a five-year, $94 million task order. HII Mission Technologies will conduct R&D of sensors, weapons and other combat systems for use by mission partners of the Department of Defense, the company said Monday. The parent...
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...
Space is at its largest inflection point in decades, and as commercial space activity continues to rise, United States government leaders are taking a page from industry’s book on how to drive more rapid innovation, especially in the face of increasing global competition. While technology and acquisition processes are typically at the center of th...
Lockheed Martin‘s (NYSE: LMT) aeronautics business segment has booked a $7.8 billion contract modification from the U.S. Navy to manufacture 126 F-35 fighter jets for domestic and international military customers. The award reflects an option for lot 17 production and delivery services covering 81 F-35A, 26 F-35B and 19 F-35C units, the Depart...
DCS has won a potential eight-year, $2.09 billion contract to support a U.S. Army research and development laboratory that works on advanced technology for military ground systems. Army Contracting Command received three bids for the cost-plus-fixed-fee contract covering technical and engineering services to the Combat Capabilities Development Comma...
Evan Lovell, chief investment officer of the Virgin Group, has been appointed chair of the board of directors at commercial spaceflight and vehicle development company Virgin Galactic (NYSE: SPCE). Lovell has served as the company’s interim chair since February 2022 and has two decades of global private equity and mergers and acquisitions expe...
Boeing (NYSE: BA) has received a $313.4 million contract modification to perform additional support services for the U.S. Navy’s Super Hornet service life extension program. The company will perform engineering work to extend the F/A-18 E/F’s active life by 4,000 flight hours to 10,000 and equip the aircraft with Block III avionics confi...
Heidi Shyu, undersecretary for research and engineering at the Department of Defense and a 2023 Wash100 awardee, said that DOD will introduce a new “effort” to facilitate industry collaboration in bringing commercial space platforms to the U.S. warfighter mission, Breaking Defense reported Tuesday. “The goal of this effort is to incorporate [t...
GovCon Expert Chuck Brooks is a top voice in cybersecurity and government technology usage at large. He is an adjunct professor at Georgetown University focusing on risk management, homeland security technologies and, of course, cybersecurity and has won a number of distinctions over the years. Brooks recently interviewed Kelley Kiernan, t...
