The Department of Defense has formed a task force that intends to advance the responsible development and deployment of large language models and other generative artificial intelligence technologies across DOD. DOD said Thursday the chief digital and AI office will lead Task Force Lima, which will help mitigate risk and address redundancy as the de...
Boeing (NYSE: BA) has secured a potential three-year, $115.1 million order against a previously awarded basic ordering agreement to provide the U.S. Navy with initial spares and repair equipment for the service’s MQ-25A Stingray aerial refueling drone to help improve the unmanned aircraft system’s readiness and reliability. Work on the firm-...
V2X (NYSE: VVX) saw its pro forma revenue jump 10.2 percent to $977.9 million during the second quarter of fiscal year 2023 and reported $2.1 billion in quarterly bookings with a total backlog of $13 billion, of which $3.1 billion was funded. The McLean, Virginia-based defense services contractor said Tuesday it recorded $34.3 million in...
IMT Defense was awarded a $162.7 million contract from the U.S. Army for the manufacturing and delivery of M1128 boosted artillery rounds and Doug Bush, assistant secretary of the Army for acquisition, logistics and technology and a 2023 Wash100 Award recipient, said the multiyear deal “will allow for additional delivery orders,” Nationa...
HII’s (NYSE: HII) Ingalls Shipbuilding division and General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary have received multiyear procurement contracts from the U.S. Navy to build nine DDG 51 Arleigh Burke-class guided-missile destroyers in Flight III configuration. Naval Sea Systems Command said Tuesday the fixed-price-incentive firm target a...
Lockheed Martin (NYSE: LMT) has secured a pair of contract modifications worth $1.06 billion combined from the U.S. Army to produce air-to-ground and guided air-and-missile defense systems. The Bethesda, Maryland-headquartered defense contractor will manufacture and deliver Patriot Advanced Capability-3 missiles under a $556.1 million contract modif...
Northrop Grumman (NYSE: NOC) posted $9.6 billion in sales for the second quarter of 2023, up 9 percent from the prior-year period’s figure of $8.8 billion, and ended the quarter with a total backlog of $78.8 billion. The Falls Church, Virginia-based aerospace and defense contractor said Thursday its Q2 2023 net awards totaled $10.9 billion...
RTX (NYSE: RTX) has received a potential 10-year, $175 million contract from the U.S. Air Force to provide overhaul and repair support for advanced high-frequency radar components and related end items on the B-2 Spirit bomber aircraft. Work on the sole-source, indefinite-delivery/indefinite-quantity contract will occur in El Segundo, California, th...
CACI International (NYSE: CACI) has booked a five-year, $209 million contract from the U.S. Navy Fleet Forces Command to support the Naval Forces Logistics program. The company said Wednesday it will continue to build software and other technology platforms for the USFFC NFL mission under the single-award prime contract. USFFC is tapping into CACI&#...
Sarcos Technology and Robotics (Nasdaq: STRC and STRCW) has established an artificial intelligence-focused business segment to cater to the demands of the defense market, and selected Denis Garagic, the company’s chief technology officer, to lead the new unit. The Advanced Technologies division will market Sarcos’ AI and machine learning...
