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Defense Business Alert

August 23, 2017 | Daily News

Lockheed Martin and Raytheon will split about $1.8 billion to mature their proposed designs and begin prototyping for the Air Force's next-generation, air-launched nuclear cruise missile over nearly five years, the Air Force announced Wednesday.

August 22, 2017 | Daily News

The Defense Department plans to change the goal for how much time it takes to deliver the first item under a foreign military sale, as DOD argues the current metric "does not provide a complete picture," according to a recent government audit.

August 21, 2017 | Daily News

Boeing and Northrop Grumman will progress to the technology-maturation and risk-reduction phase of the Ground-Based Strategic Deterrent competition under contracts worth more than $300 million apiece, the Defense Department announced Monday.

August 21, 2017 | Daily News

Chief of Naval Operations Adm. John Richardson said he expects the defense industry to play a key role in the fleet review he has ordered in the wake of a collision of the destroyer John S. McCain (DDG-56) with a merchant vessel off the coast of Singapore that has left 10 sailors missing.

August 17, 2017 | Daily News

Govini, a big data and analytics company that helps users make sense of public-sector data, has brought on a new chief executive and named several well-known defense and industry officials to its board as it seeks new customers.

August 15, 2017 | Daily News

President Trump today issued an order to consider a Section 301 investigation into China's intellectual property practices, a move welcomed by many in industry and on Capitol Hill -- although some Democrats blasted the administration for not going far enough to counter Chinese forced technology transfers.

August 14, 2017 | Daily News

In 2016, the Pentagon reviewed 12 of the roughly 380 defense-related mergers and acquisitions, according to a new report to Congress from the Defense Department's manufacturing and industrial base policy office.

August 14, 2017 | Daily News

The Defense Department is developing guidance to ensure the military is properly defining the requirements of foreign arms buyers as part of an effort to make foreign military sales more timely, according to a recent government audit.

August 11, 2017 | Daily News

As federal agencies prepare reports on their compliance with Buy American laws, contractors should be checking their own processes and documentation, according to one government contracting adviser.

August 10, 2017 | Daily News

Huntington Ingalls said last week it has entered into an agreement to sell its Avondale facility.

August 10, 2017 | Daily News

The aerospace and technology arm of Jacobs -- a Dallas-headquartered company best known for its global engineering and construction services -- upset incumbent Northrop Grumman by winning a potential $4.6 billion follow-on contract to support the Missile Defense Agency, its first successful major foray into government missile-defense business.

August 09, 2017 | Daily News

The Professional Services Council opposes several provisions in the Senate Armed Services Committee's fiscal year 2018 defense policy bill, including one requiring large contractors to cover the cost of their failed bid protests.

August 08, 2017 | Daily News

A top Raytheon executive says the company is increasingly focused on making use of cutting-edge commercial technology.

August 03, 2017 | Daily News

Many defense contractors, including several major services contractors, said they saw sales increases in the most recent quarter.

July 31, 2017 | Daily News

Defense Department acquisition officers should strive to procure goods and services as quickly as possible, but remain vigilant when it comes to avoiding waste, according to a memo from Shay Assad, the Pentagon's defense pricing director.

July 31, 2017 | Daily News

The Pentagon last week said it plans to survey nearly 13,000 businesses and not-for-profit organizations to develop a defense industrial base information system.

July 27, 2017 | Daily News

Raytheon and L3 Technologies this week both reported sales increases in their most recent quarters.

July 26, 2017 | Daily News

Some of the largest defense companies this week reported increases in profit during their most recent quarters.

July 21, 2017 | Daily News

President Trump will sign an executive order Friday directing the Pentagon to oversee a nine-month, government-wide assessment of the defense industrial base, according to White House officials.

July 21, 2017 | Daily News

The Air Force this week awarded General Electric a $409 million contract to support next-generation engine technology development, the latest in a string of awards to airframe and engine developers.