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Air ForceU.S. Air Force Awards Lockheed Martin Potentially $10.9 Billion Contract for F-22 Modernization
The Air Force on Nov. 5 awarded Lockheed Martin [LMT] a contract potentially worth nearly $10.9 billion to modernize the fighter through October 2031 under the Advanced Raptor Enhancement & […]
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CyberPentagon Rolls Out Updated ‘CMMC 2.0’ Aimed At Addressing Complexity, Cost Concerns
After a nine-month review process, the Pentagon on Thursday rolled out a rebooted version of its Cybersecurity Maturity Model Certification (CMMC) program that aims to “cut red tape” for compliance […]
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Business/FinancialWhite House Extends Vaccine Deadline to Jan. 4
The Biden administration has postponed a deadline from Dec. 8 to Jan. 4 next year for federal contractors, including defense firms, to have their workers on “covered contracts” be fully […]
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Business/FinancialHuntington Ingalls Posts Lower Earnings On Pension, Acquisition Costs
Huntington Ingalls Industries [HII] on Thursday reported a steep drop in net earnings in the third quarter due mainly to pension headwinds and to a lesser degree by costs related […]
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CongressSenate Panel Approves Cybersecurity Bills, Including Measure To Defend Infrastructure
The Senate Homeland Security and Governmental Affairs Committee on Wednesday marked up a number of bipartisan bills, including a measure that would authorize a five-year term for the head of […]
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InternationalIsrael Starts Testing New Missile Sensor Balloon
Israel started initial setup and testing this week of a new balloon equipped with a sensor it seeks to use for detection and early warning of cruise missiles and other […]
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Business/FinancialCACI To Acquire Optical Communications Technology Provider SA Photonics
CACI International [CACI] on Wednesday said it has agreed to acquire SA Photonics for $275 million in a deal that complements its existing free space optical (FSO) communications capabilities for […]
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Missile DefenseMDA Issues First RFP For GM Futures To Split Development, Sustainment Work
The Missile Defense Agency (MDA) last week issued a Request For Proposals (RFP) for the next Ground-based Midcourse Defense (GMD) Weapon System (GWS) Program, the first step in reducing Boeing’s […]
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Advanced / Transformational TechnologyLockheed Martin, Verizon Partner On 5G.MIL For Battlespace
Establishing a key bridge toward its goal of leveraging rapid digital advances in the commercial sector to network the future battlespace, Lockheed Martin [LMT] said Tuesday it has partnered with […]
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Business/FinancialLaying Off Unvaccinated Employees Could Take ‘Months,’ Krone Says
If the federal government sticks to a pending mandate that almost all employees of federal contractors must be vaccinated against COVID-19, it could still take “months” to layoff unvaccinated employees, […]
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