Hello, Guest!
  • Friday, November 22, 2024

USAF Adds Textron Subsidiary, General Atomics to $499M Aerospace Vehicle R&D IDIQ


A Textron Systems (NYSE: TXT) subsidiary and a General Atomics business unit have won spots on a potential eight-year, $499 million contract to help the U.S. Air Force research and develop aerospace vehicle platforms for warfighters.

AAI Corp. and General Atomics Aeronautical Systems will perform work at their respective facilities in Maryland and California through Aug. 31, 2025, in support of the Aerospace Systems Air Platform Technology Research program, the Defense Department said Tuesday.

The Air Force Research Laboratory received six proposals for the indefinite-delivery/indefinite-quantity contract and will obligate $100,000 from fiscal 2017 R&D funds to each contractor at the time of award.

Lockheed Martin (NYSE: LMT) also secured a spot on the IDIQ contract days after the Air Force initially awarded Northrop Grumman (NYSE: NOC) and Aurora Flight Sciences positions on the contract.

Video of the Day

Related Articles

Experts Reflect on Recent Shifts in AI Ecosystem Artificial Intelligence

Experts Reflect on Recent Shifts in AI Ecosystem

The field of artificial intelligence is evolving rapidly, and the U.S. government is working to adapt to these constant changes as quickly as possible. To ensure that AI is brought in successfully, federal organizations have devised new strategies to guide their adoption of AI tools. During a panel discussion at the Potomac Officers Club’s 5th Annual

How Project Maven & Other Key Efforts are Driving AI Success Across the US Government Artificial Intelligence

How Project Maven & Other Key Efforts are Driving AI Success Across the US Government

The October 2023 Executive Order on the Safe Secure and Trustworthy Development of Artificial Intelligence launched the U.S. government into a new era of AI exploration. Federal agencies have since heightened their focus on AI adoption, and organizations across the public sector are constantly working to progress a variety of AI initiatives. At the Potomac

Panelists Offer a Look Into the DOD’s Exploration of Nuclear-Powered Space Tech Events

Panelists Offer a Look Into the DOD’s Exploration of Nuclear-Powered Space Tech

In the challenging environment of space, “nuclear answers the mail on some serious operational problems,” according to Michael Smith, nuclear portfolio lead for operational energy-innovation within the Office of the Under Secretary of Defense for Acquisition and Sustainment. During a panel discussion at the Potomac Officers Club’s 2024 Space Summit last week, he emphasized the challenging nature