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Latest Federal & Government Contracting Companies' News Coverage
A Lockheed Martin-led team has been awarded a potential 17-month, $20 million task order to perform preliminary design work on NASA’s Quiet Supersonic Transport X-plane aircraft. NASA awarded the task order for the “low boom” flight QueSST passenger jet under the Basic and Applied Aerospace Research and Technology contract and as part of its New Aviation Horizons […] More
U.S. Air Force Secretary Deborah Lee James showed a concept design for the military branch’s future B-21A Long Range Strike Bomber plane during an air warfare symposium held Friday in Orlando, Florida. “The B-21 has been designed from the beginning based on a set of requirements that allows the use of existing and mature technology,” James said […] More
Lockheed Martin has said it maintains the capability to produce F-35 fighter jets to fulfill a potential block buy from the program’s international partners in fiscal year 2017, Defense News reported Thursday. Jeff Babione, Lockheed’s F-35 program manager, said the Joint Program Office must finalize its decision within the next six months so that Lockheed will be able to […] More
Lockheed Martin has been awarded a $7.9 million contract to integrate the joint air-to-surface standoff missile into the Polish air force’s F-16C/D aircraft under a foreign military sales agreement with the U.S. Air Force. Work under the contract will support certification and flight activities and will complete in 2018, Lockheed said Thursday. “JASSM’s high reliability […] More
In a one-year span that featured announcements of three acquisitions, Cubic Corp. unveiled a nearly $400 million bet that the C4ISR market will spur long-term growth in the San Diego-based contractor’s global defense business that represents roughly 60 percent of its estimated $1.5 billion in revenue. Cubic made its first move of that C4ISR expansion effort in December 2014 with the $114.5 million acquisition of […] More
Lockheed Martin will work to refresh the interfaces of the U.S. Navy’s various submarine warfare subsystems under a $60 million contract awarded in December. The company will update the Submarine Warfare Federated Tactical Systems on multiple submarine classes such as the Virginia-class submarines, Lockheed said Tuesday. Lockheed’s SWFTS systems engineering and integration team will perform work […] More
Visiongain predicts in a new report that the global military smart weapons market will hit $22.32 billion in 2016. The report examines the market’s competitive landscape and identifies potential business opportunities, Visiongain said Monday. Visiongain also analyzes potential developments in the following five submarkets within the military smart weapons sector over the next 10 years: Radar-guided military […] More
A new report by Research and Markets predicts the global market for command-and-control systems to experience a compound annual growth rate of 3.68 percent over the next four years. Research and Markets said Monday the worldwide C2 market has nearly 14 percent share of the total market for C4ISR platforms and is projected to hit $16.5 billion by 2020 from […] More
Lockheed Martin’s Sikorsky business and Taqnia Aeronautics have formed a partnership to seek business opportunities in helicopter production in Saudi Arabia. Both companies outlined in their agreement the investment, technology and skills requirements for the production and assembly of S-70 Black Hawk helicopters in the country, Lockheed said Tuesday. “Entering into this agreement will give Taqnia […] More
The Defense Advanced Research Projects Agency awarded contract modifications to Raytheon and Lockheed Martin for the Multi-Azimuth Defense Fast Intercept Round Engagement System program. The Defense Department said Friday the modification awarded to Raytheon will increase the total value of its contract to $18.9 million, while the “other transaction” agreement Lockheed landed will amount to $14.9 million. MAD-FIRES aims to […] More
Lockheed Martin has been selected to supply ground-based radars to Romania that will work to operate independently in remote areas to address the customer’s needs. Lockheed will produce two TPS-77 radars and digital array row transceivers for the country under the contract agreement, the company said Monday. “The feedback we receive from our ongoing collaborations with countries […] More
Lockheed Martin has made an offer to India for the manufacture of F-16 fighter jets in the country in an effort to help upgrade the Indian defense sector, Bloomberg reported Thursday. Phil Shaw, CEO of Lockheed’s Indian unit, said the company’s CEO and President Marillyn Hewson opened the deal’s possibility to Indian Prime Minister Narendra Modi in […] More
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