The Energy Department plans to invest up to $137 million in two technology development programs that aim to increase energy efficiency of trucks and passenger cars. DoE said Tuesday it will award $20 million in federal funds to Cummins, Daimler Trucks North America, Navistar and Volvo Technology of America as part of the SuperTruck II initiative. The four companies will match DoE’s investment to help develop […] More

Total federal contract spending declined for the sixth consecutive year in the government’s 2016 fiscal year but the team of analysts at Bloomberg Government predict that negative trend to reverse in the current FY 2016. In its BGOV 200 study released Tuesday, Bloomberg Government said federal unclassified contract spend for fiscal year 2015 fell nearly 1.5 percent to a […] More

A new Visiongain report forecasts the demand for military armored vehicles worldwide to reach $12.4 billion in 2015. The report covers armored vehicles that are designed to endure mines and improvised explosive devices, Visiongain said Friday. Visiongain also presents in the report the global and national shares of the armored vehicle market from 2015 through 2025, […] More

A new Research and Markets report indicates that the global market for military land vehicles will grow through 2019 at a compound annual growth rate of 1.4 percent. The company said Friday the market will see an increased demand for military land vehicles that operate on low costs per mile. According to the report, the market will […] More

Jan Allman, formerly a Navistar Corp. executive, will join the Fincantieri Marine Group-owned Marinette Marine Corp. subsidiary as president, CEO and general manager on Monday. “This is the logical next step in Fincantieri’s unwavering commitment and continued investment in the US market,” Fincantieri CEO Giuseppe Bono said June 16. Allman is also a veteran of Ford Motor […] More