THIS WEEK'S TOP NEW STORIES
The Space Development Agency has awarded?Northrop Grumman ?(NYSE: NOC) and?L3Harris Technologies ?(NYSE: LHX)?prototype agreements worth $1.3 billion ?combined to build and deploy 28 satellites for the first tranche of the National Defense Space Architecture’s tracking layer.
William LaPlante , under secretary of defense for acquisition and sustainment, has shared that?Lockheed Martin ?(NYSE: LMT) and the Department of Defense reached a "handshake" deal for the next lot buy of about 375 units of the?F-35 fighter jet . Production is set to take a three-year period like the previous transaction and is estimated to cost about $30 billion.
The Senate Armed Services Committee has released an?$847 billion defense policy bill ?that includes a $13.8 billion increase in procurement funds over the Pentagon's budget request. SASC's version of the 2023 National Defense Authorization Act, which increased topline figures by?$45 billion, also proposes roughly $7.5 billion more for research, development, test and evaluation programs.
BAE Systems ’ ordnance unit will continue to run a government-owned ammunition manufacturing complex in Virginia under a $1.29 billion contract modification from the U.S. Army. The award covers operational services to the Radford Army Ammunition Plant and the production of propellant components for military use, the Department of Defense said Friday.
During GovCon Wire’s?Innovative and Emerging Technologies Forum , GSA CIO?David Shive ?discussed the four new and emerging technologies he believes will shape the federal market in the coming years.?
Read on to learn more about David Shive's keynote address at the virtual forum.
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Doug Wagoner , president and CEO of LMI and a three-time winner of the prestigious?Wash100 Award ,?recently spoke with?ExecutiveBiz ?regarding the company’s recent announcement that it would be split into two separate organizations under the LMI brand to drive growth and greater care for its employees and overall workforce during the latest?Executive Spotlight ?interview.
Chris Donaghey, senior vice president for corporate development at?Science Applications International Corp. ?(NYSE: SAIC) over the past four years, has been appointed?chief financial officer and chief operating officer ?at Arizona-based laser technology company?Applied Energetics . His appointment is effective Aug. 1 and he will be responsible for overseeing company-wide business functions including financial strategy, business planning, investor relations and audit operations, Applied Energetics said Monday.
The Department of Defense has introduced the first batch of 10 projects that will get funding through the Accelerate the Procurement and Fielding of Innovative Technologies pilot program.?APFIT ?is a merit-based program established through the fiscal year 2022 National Defense Authorization Act to help speed up the delivery of technologies developed by small businesses to warfighters.
The FBI has awarded Verizon’s public sector business a task order worth more than $400 million for data bandwidth expansion and network services.?Maggie Hallbach , senior vice president of Verizon Public Sector, emphasized the crucial impacts of the company’s partnership with the bureau, which has been ongoing for almost two decades and is customized and individualized to the law enforcement agency’s needs.
Boeing ?has invested $50 million in the second funding round of its venture capital arm with AE Industrial Partners, AEI HorizonX, in a move intended to support startup technology companies. AEI HorizonX is aiming to raise $250 million in funding to help enable up-and-coming?mobility, space and sustainability-focused ?aerospace companies, Boeing said Wednesday.