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The Defense Innovation Unit and the U.S. Navy have selected L3Harris Technologies (NYSE:LHX) to build and test an underwater drone for the service branch. L3Harris said Wednesday it will provide the Iver4-900 unmanned undersea vehicle as part of an other transaction agreement to support the Navy's Next Generation Small-Class Maritime Expeditio...

A Leonardo subsidiary has won a potential $648.1M contract to build up to 130 helicopter trainers designed to replace the U.S. Navy's TH-57 Sea Ranger platform. AgustaWestland Philadelphia Corp. will initially manufacture and deliver 32 TH-73A aircraft under the contract base period, valued at $176.5M, the service branch said Monday....

BAE Systems' ship repair business in Norfolk, Va., has been awarded a potential $175.1M contract to help the U.S. Navy modernize a Ticonderoga-class guided missile cruiser. The firm-fixed-price contract covers the provision of workers and facilities needed to address USS Vicksburg modernization requirements for fiscal year 2020, the Departme...