The U.S. Department of State approved a significant potential Foreign Military Sale (FMS) package valued at up to $3.5 billion for the Germany SM-6 Missile Sale. This massive defense transaction positions RTX (through its Raytheon business) as the principal contractor, delivering crucial missile systems to the European ally. The sale includes an authorization for Germany…
ASRC Federal Facilities Logistics secured a major long-term contract from the Defense Logistics Agency (DLA) Aviation, taking on responsibility for the high-value DLA ChemPOL Supply program. This firm-fixed-price contract holds a potential maximum value of $1.18 billion, tasks the company with managing the procurement, storage, and distribution of third-generation chemicals, petroleum, oils, and lubricants (ChemPOL)…
The U.S. Army solidified its commitment to modern heavy-lift capability when it awarded Boeing a substantial $876.4 million contract. This contract primarily covers logistics, training, and engineering services, alongside the production of up to 60 of the advanced Boeing CH-47F Block II Chinook helicopters for Germany under a Foreign Military Sales (FMS) agreement. This major…
Last week was anything but quiet in GovCon. From billion-dollar defense programs to fresh recompete opportunities, the contract action came in fast. Here’s your straight-shot rundown of everything worth knowing — the big wins, the agencies making moves, and the opportunities shaping the pipeline. 🚀 Contract Awards: The Heavy Hitters 🔹 Lockheed Scores $1.48B for…
SAIC enacted a significant SAIC business realignment, condensing its organizational structure from five separate business groups down to three focused units. This strategic move, which takes effect on January 31, aims to simplify operations, strengthen the company’s focus on its customers, and accelerate both growth and shareholder value. Interim CEO James Reagan emphasized that these…
CHAOS Industries recently secured a massive $510 million in new funding to significantly accelerate the development and manufacturing of its advanced sensing and timing technologies. This substantial capital injection, which elevates the company’s total funding past $1 billion, specifically empowers the scaling of proprietary UAS detection technology critical for national defense applications. A round led…
The United States Air Force executed a substantial contract modification, increasing the total value of its deal with Lockheed Martin to design and develop the Mk21A Reentry Vehicle. This latest action adds over $453 million to the existing contract, bringing the total value for the program’s engineering, manufacturing, and design phase to approximately $1.48 billion.…
Babel Street strategically appointed Rob LaLumondier as Chief Revenue Officer (CRO), positioning a seasoned executive to accelerate the company’s expansion across the public sector, national security, and commercial markets. This key leadership addition strengthens Babel Street’s commitment to delivering advanced AI Risk Intelligence tools. Lalumondier immediately assumes responsibility for overseeing the company’s global revenue strategy,…
Identity security company CyberArk shareholders have formally approved the proposed acquisition offer from Palo Alto Networks. This strong endorsement moves the $25 billion CyberArk-Palo Alto Deal closer to completion, marking a significant consolidation event in the defense and government contracting cybersecurity sector. Approximately 99.8 percent of shareholders voted in favor of the acquisition during a…
Pratt & Whitney secured a massive $1.09 billion requirements contract from the Defense Logistics Agency (DLA) Aviation to ensure continued support for the fighter fleet’s propulsion systems. This critical award immediately drives F100 engine sustainment for the U.S. Air Force and allied forces globally. As the original equipment manufacturer (OEM), Pratt & Whitney will supply…