DC Capital Partners Management has made an investment in Valkyrie Enterprises and will combine the latter with the private equity firm’s portfolio company Hill Technical Solutions. Valkyrie has over 700 engineers, industry specialists and technical professionals who provide support to diplomatic and security missions at the Department of Defen...
Lockheed Martin (NYSE: LMT) and Raytheon Technologies‘ (NYSE: RTX) Javelin Joint Venture received a pair of contracts worth potentially $309 million combined from the U.S. Army to produce anti-tank weapon systems. The partnership could manufacture more than 1,300 Javelin missiles with appropriations under the Ukraine Supplemental Appropriation...
Consulting firm McAleese & Associates has released a report outlining key takeaways from the speech of Deputy Defense Secretary Kathleen Hicks on fiscal year 2023 budget request and the National Defense Strategy at the Reagan Institute. Hicks, a 2022 Wash100 awardee, noted that the Department of Defense’s $773 billion budget proposal for FY 20...
Hensel Phelps Construction Co. has won a potential $531.7 million contract from the U.S. Army Corps of Engineers to build flightline area facilities at Tyndall Air Force Base in Florida. The 11-facility construction project includes detection and protection features, site improvements and security enhancements, the Department of Defense said Tuesday...
The Department of Defense’s research and engineering office has made changes to its organization to help DOD speed up the transition of technologies into capabilities for warfighters. DOD said Tuesday the office redesignated the three directors of defense R&E as deputy chief technology officers. The deputy CTO for science and technology, forme...
Raytheon Technologies (NYSE: RTN) has secured a potential seven-year, $376.4 million contract to help the U.S. Navy maintain a forward-looking infrared targeting system used on MH-60R and MH-60S helicopters. The defense contractor will update, repair and provide logistics support for 15 Multi-Spectral Targeting System FLIR components, the Depa...
The Department of Defense is eyeing another interim rule for its Cybersecurity Maturity Model Certification program in May 2023. Currently, the department is in the process of updating its Code of Federal Regulations to include the program’s most recent update, CMMC 2.0, which was launched in November 2021 after an internal review. ...
Jerry Wohletz, a senior executive at BAE Systems’ U.S. subsidiary, will assume the role of president and CEO of Draper on June 27. He succeeds William LaPlante, a 2022 Wash100 awardee and who left Draper in April after the Senate confirmed him to serve as undersecretary for acquisition and sustainment at the Department of Defense,...
Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace subsidiary has received a potential five-year, $805.7 million contract modification from the U.S. Air Force to continue supporting the service’s Tactical Reconnaissance Pod program. The latest award brings the contract’s total cumulative face value to approximately $1 billion, the Depart...
Lockheed Martin (NYSE: LMT) has secured a $372.5 million contract modification for the delivery of lots 15 and 16 of F-35 Lightning II aircraft‘s ancillary mission equipment requirements to the U.S. Air Force, Navy and Marine Corps. The Navy award also provides for the fighter jet’s initial spares in support of military customers, non-De...
