Leonid Capital Partners has received a credit facility worth $200 million from Chicago-based global alternative investment firm Victory Park Capital and will use it to support its inaugural institutional fund and a portfolio of loans to defense contractors. LCP is a Huntington Beach, California-based specialty credit fund founded in 2019 and is focu...

Digital twins – virtual models of real-world objects or other physical subjects – have significant potential to transform the future of warfighting, and the Department of Defense has taken notice.  This technology allows users to “accelerate, model and put data in that model to see what will happen,” John Ustica, president and...

General Dynamics‘ (NYSE: GD) mission systems business has secured a potential $226.5 million indefinite-delivery/indefinite-quantity contract to produce components of the global aircrew strategic network terminal system for the U.S. Air Force. GDMS will manufacture high-altitude electromagnetic pulse and radiation-hardened general area alertin...

Lite Coms has won a potential five-year, $500 million contract from the U.S. Navy to provide wideband satellite communications systems and related equipment and support for the U.S. Marine Corps. Marine Corps Systems Command is the contracting activity and received six offers for the firm-fixed-price, indefinite-delivery/indefinite-quantity contract...

An RTX (NYSE: RTX) subsidiary has secured a $221 million contract from the U.S. Navy to help maintain and sustain F135 propulsion systems used by the U.S. military and foreign military sales customers. Pratt & Whitney will provide material and support equipment, supplies, unit-level support equipment, labor and planning for depot-level F135 main...

Boeing (NYSE: BA) has secured a potential $70.5 million contract from the Defense Advanced Research Projects Agency to perform work under the second phase of the Glide Breaker program. DARPA launched a competitive acquisition for the cost-plus-fixed-fee contract in accordance with the original broad agency announcement and is obligating $8.2 million...

Leidos (NYSE: LDOS) has created the multi-domain solutions division and named Chad Haferbier as vice president and division manager, he announced in a LinkedIn post on Saturday. The Department of the Air Force veteran transitioned to his new post from his recent responsibilities related to multi-domain operations at Leidos. He joined the company in ...

The U.S. Army Engineering and Support Center in Huntsville has released a draft solicitation for a potential 10-year, $3 billion multiple-award task order contract to provide energy and water conservation services at federal facilities. The fourth iteration of the Energy Savings Performance Contracts vehicle will cover services to help federal agenc...

The U.S. Navy awarded $14.6 billion in two multiyear contracts with General Dynamics‘ (NYSE: GD) Bath Iron Works business and HII‘s (NYSE: HII) Ingalls Shipbuilding division for the construction of Flight III Arleigh Burke-class destroyers. General Dynamics will build three DDG 51 ships while HII will construct seven destroyers under the...

The Department of Defense has released a request for proposals as part of the on-ramping process for Pools 1 and 2 of a multiple-award, indefinite-delivery/indefinite-quantity contract for mission-critical research and development support services. DOD intends to conduct a full-and-open competition with plans to award about three IDIQ contracts unde...