President Biden announced on Friday evening he has nominated Michael Brown, the director of the Pentagon’s Defense Innovation Unit, to serve as the department’s top acquisition official. Biden also announced he has nominated Mike McCord to serve as the Pentagon’s comptroller, a role he held ...
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The Missile Defense Agency (MDA) awarded Lockheed Martin [LMT] a $610 million contract for Phase II work under a Foreign Military Sale to continue efforts in a sale of the Terminal High Altitude Area Defense (THAAD) system to Saudi Arabia. MDA first awarded the company a $946 million contract for ...
The Transportation Security Administration last Thursday awarded Raytheon Technologies [RTX] a $318.6 million contract to provide support services related the deployment and removal of explosive detection systems (EDS) used to automatically screen checked bags at airports for explosives. Raytheon ...
Anduril Industries on Thursday said it has acquired Area-I in a deal that builds out its line of unmanned aircraft systems (UAS) with fixed-wing aircraft and related technologies. Terms of the deal were not disclosed. Area-I, which is based in the Atlanta area, has 73 employees. Area-I has three ...
The private equity firm J.F. Lehman & Company on Wednesday said it has made a “substantial investment” in Trillium Engineering, a small developer and provider of gimbaled camera systems for small unmanned aircraft systems. The amount of the investment wasn’t disclosed. Trillium, which is ...
Israel’s Elbit Systems [ELST] on Thursday said it has acquired Rokar International from BAE Systems, Inc. for $31 million, pulling in a key supplier of GPS receivers and guidance systems used in Elbit’s products. “There is increasing demand for our networked precision fire solutions,” ...