AM General has won a potential $4.65 billion contract from the U.S. Army to provide kits, trailers and services to support the production of Joint Light Tactical Vehicles. Army Contracting Command received two offers for the firm-fixed-price contract and expects work to run through Feb. 9, 2028, the Department of Defense said Wednesday. In February,...
A portfolio company of Enlightenment Capital, iNovex, has purchased software engineering company Innoplex for an undisclosed sum to create a middle-market technology provider in support of Department of Defense and Intelligence Community customers. The private investment firm said Tuesday that iNovex will operate with nearly 1,000 employees supporti...
A standoff between the White House and House Republicans over the debt ceiling could delay the passage of a national security budget for fiscal year 2024, a scenario that could increase the possibility of the Department of Defense operating under a continuing resolution and hurt military contractors, The Wall Street Journal reported Friday. The meet...
Granite (NYSE: GVA), a Watsonville, California-based construction and construction materials company, will work on a potential $173 million critical infrastructure project along the state’s Sacramento River. The U.S. Army Corps of Engineers tapped Granite to expand the small barrier built across the river and add new fish passage structure and...
The Department of Defense has moved to update the rates of progress payments meant to help defense contractors mitigate the impacts of the COVID-19 pandemic. In March 2020, DOD issued a memo that increases the progress payment rates for large businesses from 80 percent to 90 percent and from 90 percent to 95 percent for...
John Sherman, chief information officer of the Department of Defense and a 2023 Wash100 awardee, discussed how the Defense Information Systems Agency and its operations align with the National Defense Strategy and DOD’s strategic priorities during a fireside chat held Wednesday at a conference in Baltimore, Maryland. Sherman cited DISA’s wor...
Lockheed Martin (NYSE: LMT) has booked a five-year, $1.44 billion contract from the U.S. Navy to continue developing warfighting capabilities for the F-35 program. The company will develop Multiship Infrared Search and Track Increment 2, Electronic Warfare Band 2/5 Radar Warning Receiver, Beyond Line of Sight communications and Modernized Countermea...
General Electric (NYSE: GE), Northrop Grumman (NYSE: NOC) and Carbon-Carbon Advanced Technologies have received separate contracts from the Department of Defense to further build up supply chains for hypersonic systems and strategic platforms. GE will increase capacity to produce high- and ultra-high temperature composites under a potential 39-month...
General Dynamics (NYSE: GD) reported $9.9 billion in revenue during the first quarter of 2023, up 5.2 percent from the prior-year period, and ended the quarter with a total backlog of $89.8 billion, of which $77.1 billion was funded. The Reston, Virginia-based defense contractor said Wednesday the companywide backlog represented a 3 percent increase...
Lockheed Martin (NYSE: LMT) has booked a potential $2.45 billion contract modification from the U.S. Army to produce guided air and missile defense systems. The aerospace and defense contractor will manufacture the Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 missiles at its facility in Grand Prairie, Texas, through the e...
