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Latest Federal & Government Contracting Companies' News Coverage
A new report by IHSÂ indicates that the global defense market saw increased trading activity for the sixth consecutive year, a 13.4 percent growth rate from $56.8 billion in 2013 to $64.4 billion in 2014. “This record figure has been driven by unparalleled demand from the emerging economies for military aircraft and an escalation of regional […] More
Lockheed Martin‘s engineering and production technology projects have received three manufacturing awards from Frost & Sullivan’s Manufacturing Leadership Council. Orlando Carvalho, executive vice president for Lockheed Martin’s aeronautics business, said Thursday the technology uses “state of the art tools†in order to boost quality and assembly efficiency. “We are honored to be recognized as a leader in […] More
John Foley is the chief financial officer and corporate treasurer at DSA, an employee-owned company that offers information technology and consulting services to federal civilian and defense agencies. Prior to joining DSA in October 2009, he worked as a controller in Cigna‘s shared services organization and held various positions at Lockheed Martin for 13 years. […] More
Lockheed Martin has completed a field test of its prototype Advanced Test High Energy Asset laser weapon system in a push to demonstrate precision functions for lasers to counter ground-based targets. The company said Tuesday ATHENA features the 30-kilowatt, fiber-optic Accelerated Laser Demonstration Initiative technology and is based on the Area Defense Anti-Munitions system. “Fiber-optic lasers are revolutionizing directed energy systems,” said Keoki […] More
Govini‘s latest Federal Scorecard report points to a “highly competitive” government contracting space in 2014 with the Commerce Department leading in agency spending percentage increase and Lockheed Martin ahead in captured contract revenue. “The annual scorecard gives the market an opportunity to look at federal spending from a macro level and, through analytics, explain the trends that […] More
Lockheed Martin‘s aeronautics business has tapped Spirent Federal Systems to support hardware-in-the-loop tests of F-35 mission systems and sensors, where Spirent will provide GPS/INS simulation systems to the Joint Strike Fighter Mission Systems Integration Lab. Lockheed said Tuesday it will also use Spirent’s simulators for aiding procedures at the JSF Vehicle Systems Integration Facility. The simulators work to help supplement instrumented […] More
Lockheed Martin is collaborating with H. N. Burns Engineering Corp. to develop technology that works to improve flight visibility in degraded visual environments and help prevent military helicopter pilot accidents. Lockheed said Monday that it will combine its pilotage and sensor systems with H. N. Burns’ imaging laser radar technology to boost situational awareness and spatial orientation even in low-visibility conditions such as bad […] More
A new report from ASDReports expects advancements in sensor technologies to influence the military electro-optic/infrared systems market in the coming years. The market analyst said EO/IR systems will register a year-over-year growth of 7.71 percent to become a $16.35 billion industry by 2020, driven by increased use in surveillance operations and as part of a close in weapons system. […] More
TechNavio forecasts a 9.86 percent compound annual growth rate for the global homeland security market from 2014 through 2019 as public sector demand for identification and security checking systems is poised to increase. TechNavio’s new report calculated the market size for the forecast period by considering revenues generated from six segments: border, aviation and maritime security, […] More
ASDReports projects communication equipment to dominate the air traffic control equipment market between 2014 and 2020 and expects China to hold the biggest market share throughout the forecasted period. The report predicts the construction of new airports, airport upgrades, increase in passenger and freight traffic, escalating aircraft movements, technological advancements and safety requirements to drive the market […] More
Lockheed Martin has invested in Rocket Lab‘s U.S. subsidiary to support research and development of new technologies for space exploration. “Rocket Lab’s work could have application in a number of aerospace domains, and we look forward to working with them to complement our overall efforts in small lift capabilities and hypersonic flight technologies,” Ned Allen, […] More
General Dynamics UK has completed the critical design review for the Scout reconnaissance variant that is intended to help the British Army perform intelligence, surveillance and target acquisition missions. The company performed the review on the variant’s platform hull design, the Lockheed Martin UK-built turret, electronic architecture, onboard software solutions, subsystems and variant-specific products, General Dynamics […] More
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