Ricardo Defense has received a $385.6 million contract modification from the U.S. Army to produce and deliver system retrofit kits for the High Mobility Multipurpose Wheeled Vehicles. The award is made on the initial $89.8 million contract with the Troy, Michigan-based defense contractor to procure anti-lock braking and electronic stability control ...
The U.S. Army has awarded BAE Systems‘ land and armaments business a $113.1 million contract modification to procure modernized units of the Bradley Fighting Vehicle. BAE will provide M2A4 and M7A4 ground armored vehicles to the service branch, the Department of Defense said Wednesday. The Army used its fiscal 2022 and 2023 procurement funds f...
Sixteen companies will continue to compete for individual orders to deliver information technology products and related incidental services to defense and federal civilian agencies under a U.S. Army firm-fixed-price contract worth $2.5 billion over two and half years. All 16 awardees hold prime positions on the Army’s Information Technology En...
An RTX (NYSE: RTX) division will supply tube-launched, optically-tracked, wireless-guided missiles to the U.S. Army under a three-year, $322.5 million contract. Raytheon Land and Air Defense Systems will provide the TOW 2B variant of the long-range anti-armor, anti-fortification and anti-amphibious landing weapon system as part of the fixed-price-in...
Renewable energy provider Ameresco (NYSE: AMRC) and investor-owned utility holding company Pinnacle West Capital (NYSE: PNW) have agreed to develop a microgrid system to provide backup power for the U.S. Army and California National Guard. The first stage of the companies’ two-phase agreement involves Ameresco’s acquisition of an energy ...
Artificial intelligence company BigBear.ai (NYSE: BBAI) posted a 2 percent year-over-year revenue increase for the second quarter of 2023 and booked two key contracts from the U.S. Army during the quarter. Sales in the April-June period totaled $38.5 million, compared to $37.6 million a year earlier, while backlog as of June 30 stood at $206...
Martin Klein, former chief operating officer of the Department of Defense’s Joint Artificial Intelligence Center, has rejoined ECS to serve as vice president of analytics and AI responsible for the company’s overseeing strategic digital transformation initiatives in the defense and intelligence markets. The three-decade U.S. Army veteran...
Doug Bush, assistant secretary of the Army for acquisition, logistics, and technology, accepted his 2023 Wash100 Award from the award’s founder, Executive Mosaic CEO Jim Garrettson, at the Potomac Officers Club’s recent Army Summit. The summit gathered the service branch’s top officials and stewards for a riveting day of speeche...
Artificial intelligence is sweeping the Department of Defense, and in search of new ways to support the warfighter on the ever-changing modern battlefield, the department is now heavily focused on perfecting this emerging technology. Ensuring that AI implementation aligns with DOD values and objectives is an effort that requires careful attenti...
Lockheed Martin (NYSE: LMT) has booked a three-year, $175.2 million contract modification to manufacture additional surface-to-surface precision-strike guided missile systems for initial U.S. Army deployment. The award funds work on the first and second early operational capability production batches of the Precision Strike Missiles, according to a ...
