Industry News

The Department of Labor is seeking industry feedback on a proposed project to replace the agency’s financial management system. DOL said it seeks information from industry to help determine potential vendors, the new system’s technical characteristics and functionality as well as project cost, according to a request for information FedBizOpps posted Thursday. The current FMS […] More

A 140-page review of the defense industrial base provides key takeaways for government contractors and one of those points is the need to work with the Pentagon to leverage existing tools to reduce risks to the supply chain, National Defense reported Thursday. The industrial base report sheds light on the U.S. government’s procurement policies and […] More

The Internal Revenue Service is seeking commercial tools that could search and collect data on social media sites to help the agency monitor tax compliance. The plan comes amid the growing number of businesses and individuals using social media to advertise, promote and sell products and services, according to a request for information FedBizOpps posted […] More

The U.S. Marine Corps looks to issue a contract in March or April next year to equip rifle squads with 84mm shoulder-fired rocket launchers, Marine Corps Times reported Thursday. The report said Marines seek to acquire more than 1K Carl Gustaf recoilless rifles. Barbara Hamby, a Marine Corps Systems Command spokeswoman, said the service aims to begin […] More

Stephanie Shutt, director of the Multiple Award Schedules program management office at the General Services Administration, has said GSA will start the process of consolidating the schedules into a single contract vehicle in 2019, Nextgov reported Wednesday. Shutt said a project team consists of MAS officials and members will assess all terms and conditions to […] More

The U.S. Navy has wrapped up a series of acceptance trials on its future USS Paul Ignatius destroyer ship built by Huntington Ingalls Industries. The Arleigh Burke-class vessel spent two days in the Gulf of Mexico before it returned to an HII shipyard in Pascagoula, Miss., Naval Sea Systems Command said Friday. The Navy’s Board […] More

The U.S. Army is looking to award Lockheed Martin a potential eight-year contract to help the military service update up to 385 Multiple Launch Rocket Systems. In a FedBizOpps notice posted Wednesday stated the Army wants to extend the operational life of the MLRS Launcher through 2050 and seeks contractor support to update and install launcher loader module. The proposed […] More

The U.S. Air Force has awarded a one-year, $59.2M contract to Raytheon to provide logistics support services for sensors used on the MQ-9 Reaper unmanned aircraft. Work under the cost-plus fixed-fee, firm-fixed-price contract includes program management, supply and logistics support, service-representative support, inventory control point and warehousing, the Department of Defense said Friday. The McKinney, Texas-based company will also assist the Air […] More

The U.S. Army plans to award Lockheed Martin‘s missiles and fire control business a potential five-year contract to manufacture 343 M142 High Mobility Artillery Rocket System launchers. A FedBizOpps notice posted Wednesday says the proposed sole-source contract is for HIMARS full-rate production lots 10 to 14 and meant to address Army requirements through fiscal year 2023. The military […] More

Boeing and Lockheed Martin‘s Sikorsky subsidiary have unveiled a helicopter platform the industry team has built for a U.S. Army technology demonstrator effort. SB>1 Defiant will take part in the military service’s Joint Multi-Role Tech Demo and is designed to operate twice the range and speed of traditional helicopters, Boeing said Wednesday. The Army plans to collect and […] More

A Market Research Engine report predicts the global artificial intelligence market will grow at a 37 percent annual compound growth rate through 2024 to reach $191B. The research company said Sunday the growth of big data, a demand for intelligent virtual assistants and the adoption of cloud computing applications and services are among the factors that will drive AI market […] More