Business/Financial
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ArmySenate Adds $4 Billion In Defense Procurement Funding To Omnibus Package
By Jen DiMascio The final version of the spending bill expected to be passed yesterday by the House of Representatives included $70 billion in funding for the war–about $6 billion […]
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Air ForceAir Force Advances Ambitious Synthetic Fuel Initiative With Historic C-17 Flight
By Michael Sirak MCGUIRE AFB, N.J.–On Monday, the 104th anniversary of the Wright Brothers’ first powered flight, the Air Force said it achieved another milestone by flying an aircraft for […]
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Business/FinancialSenators Press Administration To Ask For C-17 Funding In FY’09
By Jen DiMascio Nineteen Senators last week urged Defense Secretary Robert Gates and Office of Management and Budget Director Jim Nussle to provide enough funding for C-17 Globemasters in the […]
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Business/FinancialLockheed Martin In Cooperative Agreement With Biometric Firm Cognitec
Firming up its ability to integrate and offer multi-modal biometric solutions, Lockheed Martin [LMT] yesterday said it has signed a cooperative agreement with the Germany-based facial recognition technology firm Cognitec […]
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Business/FinancialLockheed Martin To Provide AN/TPS-77 Radar To Latvia
Lockheed Martin [LMT] yesterday said it received a contract valued at $44 million from the Latvian National Armed Forces for two long-range AN/TPS-77 transportable air surveillance radar systems and options […]
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Business/FinancialLockheed Martin Debuts Marine Corps’ F-35B STOVL
Lockheed Martin [LMT] yesterday rolled out the Marine Corps’ F-35B short takeoff/vertical landing variant of the Joint Strike Fighter, a little over a year since the first F-35 took its […]
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ArmyiRobot Wins $286 Million Army x-Bot Contract
By Ann Roosevelt The Army yesterday said that iRobot [IRBT] was awarded the $286 million indefinite-delivery/indefinite-quantity contract that could call for as many as 3,000 robots, spare parts, training and […]
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Business/FinancialPentagon Awards Four Firms $2.6 Billion For 3,126 MRAPs
The Pentagon yesterday awarded more than $2.6 billion to four companies for an additional 3,126 Mine Resistant Ambush Protected (MRAP) vehicles to be manufactured and completed by end of July […]
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ArmyL-3 Communications Protests Army Translation Award To DynCorp
By Ann Roosevelt L-3 Communications [LLL] yesterday filed a formal protest with the Government Accountability Office (GAO) challenging the Army’s award of a $4.6 billion contract for translators and linguists […]
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Business/FinancialCoast Guard Sees ICGS Phasing Out of Deepwater
By Calvin Biesecker As the Coast Guard continues to assume a greater systems integration role over its Deepwater modernization program, the contractor originally hired for the lead systems integration job […]