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Latest Federal & Government Contracting Companies' News Coverage


Latest Federal & Government Contracting Companies' News Coverage

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Research and Markets has released a new report that predicts the military radar global market could reach a total value of $8.4 billion by 2019 from the $6.9 billion recorded in 2012. Increased demands from the army, navy and air force services, as well as emergency responders have spurred the military radar market's growth worldwide, Research and […] More
Raytheon has pledged up to $5 million for a 10-year agreement with the University of Massachusetts Lowell to launch a joint research institute to enable collaboration between students and Raytheon employees. The Raytheon-UMass Lowell Research Institute is expected to facilitate securing federal funding for research as well as research and employment opportunities, the company said Tuesday. “The creation of […] More
A MicroMarket Monitor report forecasts the North American security and surveillance radar market to be worth up to $2.03 billion in 2019, a compound annual growth rate of 4.64 percent over the next five years. The market research firm said Sunday that the region would keep its status as the top spender on security and surveillance radar systems, […] More
The small unmanned aerial vehicle market is projected to grow by the end of 2019 at a 22 percent compound annual growth rate to a total market value of $582.2 million, according to a recent MarketsandMarkets report. The six-year global forecast on the small and man-portable UAV market classifies the technology based on trends, propulsion, payload, application, region […] More
Lockheed Martin, Boeing and Airbus are bidding on a tender offer worth an estimated $5.5 billion to provide Denmark’s military with as many as 30 fighter jets, Reuters reported Monday. Teis Jensen and Ole Mikkelsen report that Danish officials will deliberate on the bids ahead of the award in mid-2015. The report said Saab was also qualified to bid on the […] More
Chris Chadwick, president and CEO of Boeing‘s defense business, predicts that government spending cuts worldwide will drive more partnerships and consolidations in the defense sector, Defense News reported Wednesday. Aaron Mehta writes that Chadwick discussed the role of strategic alliances in the industry during a media event held Tuesday at a Boeing corporate office in St […] More
Lockheed Martin Australia and the country’s defense and science technology organization have formed a 10-year alliance to collaborate on research and development work into technology. “We have agreed to undertake joint research in a range of areas including predictive logistics, trusted assurance, the Aegis combat system, over the horizon radar, hypersonics and operational analysis,” Alex Zelinsky, the […] More
Dr. Melvin Greer serves as senior fellow and chief strategist for service-oriented architecture and cloud computing at Lockheed Martin, where he brings more than 25 years of experience leading systems and software engineering efforts to the contractor’s advanced technology office. Greer is a principal investigator in advanced research studies, and has dedicated his efforts towards […] More
Boeing is looking at overseas markets as the U.S. government trims its defense spending and as the company prepares to cease production of its legacy fleets, Defense News reported Monday. Aaron Mehta writes the company will stop making the C-17 military transport plane in 2015 and may close the assembly lines for the F-15 by […] More
NASA has awarded four companies contracts to perform research and development work aimed to address technology gaps as the country transitions to the Next Generation Air Transportation System, known as NextGen. Boeing, Honeywell, Rockwell Collins and Saab Sensis will also aim to address operational challenges posed by trans-atmospheric flight and extra-terrestrial planetary flight, NASA said […] More
Canada has started looking into the capabilities of five fighter aircraft manufacturers, including Boeing Corp. and Lockheed Martin Corp., as the country looks to replace its current CF-18 Hornet fleet with new aircraft this decade. The two American aircraft manufacturers and France's Dassault Aviation SA, EADS., Sweden's Saab AB will submit product capability outlines to […] More
Brazil will postpone until 2013 its decision to buy 36 next-generation fighters for $5 billion, Agence France-Presse reported yesterday. A government official, who asked to stay anonymous, said Friday that Brazil's budget does not include an outlay for the purchase of the jets. The report said the Brazilian government did not have a favorite among […] More
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