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Latest Federal & Government Contracting Companies' News Coverage
Lockheed Martin has received a $78.5 million contract modification to build combat avionics test equipment for the U.S. Navy, Intelligent Aerospace reported Monday. John Keller writes the company is tasked to supply 29 electronic consolidated automated support system units to the naval air warfare center aircraft division. The Navy intends for the eCASS equipment to help […] More
Research and Markets predicts that the global aerospace market will be worth $352.5 billion within 10 years due to changing technologies, high replacement rates, increased aircraft size and growing population of high-net-worth individuals. The company said Thursday its new “Global Aerospace Market Trends and Forecast: 2014-2033” report analyzes emerging trends, drivers for growth and the competitive landscape, and includes market forecasts […] More
Boeing could receive $15.6 billion over the next five years to fund the production of modified 767 jets for the U.S. Air Force‘s aerial refueling operations, Bloomberg reported Thursday. Tony Capaccio writes that the Defense Department is requesting $2.95 billion for fiscal 2016, $3.22 billion for fiscal 2017 and $3.1 billion for fiscal 2018 through 2020 for its KC-46 tanker program. […] More
The Northrop Grumman-led team of contractors in a competition to build a new trainer jet for the Air Force will offer a new airplane design for the $1 billion program, Aviation Week reported Friday. Amy Butler writes Northrop’s Scaled Composites subsidiary will work on the design for the intended T-38 replacement jet and aims to conduct the first flight […] More
Lockheed Martin has developed a smart grid technology with Dominion Resources that works to detect and map power outages remotely and support response planning by sending relevant data from the remote location. Lockheed said Thursday VirtuGrid combines the company’s technology and Dominion’s distribution engineering experience to help energy and utility companies manage power distribution. “VirtuGrid will help utilities […] More
A new Research and Markets report states that the global military airlift market will decline at a 0.43-percent compound annual growth rate through 2019 due to high acquisition and operations costs for military transport aircraft. The company said Wednesday current trends in the market include the development of smaller aircraft for carrying supplies or military personnel or supporting […] More
3D Systems has landed two contracts worth more than $1 million to help the U.S. Air Force build three-dimensional printers for aerospace and defense technology manufacturing. The Air Force Research Laboratory will finance both 3D printing projects while America Makes: National Additive Manufacturing Innovation Institute will manage the programs, 3DS said Tuesday. Under the first […] More
Lockheed Martin has ordered radar systems from Northrop Grumman for Lockheed’s project to upgrade Taiwan’s fleet of F-16 fighter jets. Northrop is scheduled to deliver the first lot of 142 APG-83 beam radars to Lockheed in 2016, Northrop said Monday. The fire control radar is designed to provide air-to-air and air-to-ground radar functions to F-16 planes. Jeff […] More
An annual budget plan from the U.S. Air Force would set aside up to $7.1 billion for the military branch’s space programs in fiscal 2016, Reuters reported Monday. Andrea Shalal writes the Air Force plans to invest $938 million in the research, development and acquisition of a tenth Global Positioning System III satellite. The budget would […] More
Lockheed Martin, Orange County, Fla.’s public school district and a nonprofit organization have partnered to launch a new STEM (science, technology, engineering and mathematics) education program, Orlando Business Journal reported Monday. Matthew Richardson writes Lockheed is scheduled to announce the program on Thursday at Walker Middle School, Orlando, in partnership with Project Lead the Way. Project Lead the […] More
Lockheed Martin has invested an additional $376,000 in a virtual technology cluster that comprises industry, academia and investors in an effort to help UK-based cybersecurity firms obtain funds for new technologies. The investment aims to help UK’s supply chain work with small cyber businesses to access capital, professional services and suppliers, Lockheed Martin said Jan. 16. “Our VTC is a […] More
A new Transparency Market Research report states that air-to-ground and surface-to-air missiles dominated the global smart weapons market in 2012, with further growth projected to give the market a value of $66.91 billion by 2019. The company said Thursday the market will achieve a compound annual growth rate of 10.3 percent from $34 billion in 2012 to reach the projected […] More
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