Latest Federal & Government Contracting Companies' News Coverage
Jim Taiclet, president and CEO of Lockheed Martin and a 2022 Wash100 Award recipient, has shared the defense company’s goal of increasing its annual manufacturing capacity for Javelin missiles from 2,100 to 4,000 to meet U.S. and ally requirements. In an interview with CBS News, Taiclet said boosting production to its target numbers will take […] More
Firefly Aerospace plans to raise $350 million in funds to ramp up production, advance long-term growth initiatives and further develop a larger launch vehicle, SpaceNews reported Wednesday. Tom Markusic, CEO of Firefly Aerospace, said the company would use $125 million of the funds to support “product enhancements“ such as tooling and facilities to scale up the production of its launch vehicles.
General Dynamics' ordnance and tactical systems business will hold a groundbreaking ceremony on Tuesday to expand its manufacturing facility in Lincoln, Neb., and expects to complete the project before the end of this year, The Lincoln Journal Star reported Thursday.
Ibis Tek and O'Gara Hess & Eisenhardt Armoring have won spots on a potential five-year, $49.5M contract to produce turret systems and hardware kits forU.S. Army armored vehicles.
The U.S. Army has issued a request for information on potential sources of delivery and production services for 120 mm M31 fin assemblies. The military service also aims to validate the respondents’ capacity to deliver the components until the end of February, according to a FedBizOpps notice posted Thursday. In addition, the potential contractor is required […] More
The U.S. and Indian governments look to close a deal that will potentially bring the production of fighter aircraft from Lockheed Martin and Boeing to India, the Washington Post reported Monday. Annie Gowen writes Lockheed has proposed to move its Texas-based F-16 assembly line to India, which will make the country the sole producer of the single-engine aircraft that […] More
Raytheon held a ribbon-cutting ceremony Thursday to mark the completion of a multimillion dollar renovation project at the company’s systems modernization and sustainment facility in Indianapolis, 13 WTHR reported Thursday. Bruce Kopp writes the building underwent a facelift and internal updates during the renovation process that commenced in early 2015. Raytheon develops soldier-worn computers as well as performs weapons system […] More
Boeing has revised the schedule for its Commercial Crew Transportation Capability contract with NASA and delayed the program for another six months as the company works to address production issues on the CST-100 spacecraft, Aviation Week reported Monday. Guy Norris writes the company expects to send the first batch of NASA astronauts to the International Space […] More
Lockheed Martin has proposed to transfer all production of the company’s F-16 fighter jet from its Fort Worth, Texas aeronautics facility to India in an effort to fulfill up to $15 billion in exports, Economic Times reported Thursday. Manu Pubby writes the U.S. government supports the Lockheed proposal to set up the F-16 line in India under a technology transfer agreement to […] More
Lockheed Martin has entered into an agreement with Terma that provides the latter options to pursue additional component production opportunities with the F-35 Lightning II Joint Strike Fighter program beyond existing contracts. Denmark-based Terma said Wednesday it seeks to continue to provide F-35 composite and bonded assembly work through low-rate initial production and full-rate production. The agreement follows news of Denmark’s decision in June to proceed […] More
The U.S. Air Force has rescheduled production decision for the KC-46 tanker program from June to August 2016 due to an issue with the aircraft’s refueling boom loads that came up during flight tests earlier this year. Boeing, the KC-46 manufacturer, said Friday it is scheduled deliver the first batch of aircraft beginning August 2017 instead of March 2017, with the 18th […] More
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