Sales in Lockheed Martin's most recent quarter hit $11.6 billion, up from $10.1 billion during the same three-month period a year earlier, the company reported Tuesday.
Defense IT and Services
October 20, 2016
After moving to acquire Wyle and Honeywell Technology Solutions, KBR is focused on finding new contracts to pursue, a company executive told Inside Defense.
October 17, 2016
Kratos Defense & Security Solutions said Monday it has received a $12.6 million contract from the Defense Innovation Unit Experimental to explore using high-speed drones in fully or semi-autonomous roles supporting fourth- and fifth- generation fighter aircraft.
October 13, 2016
After losing two key recompetitions, Vectrus has filed protests with the Government Accountability Office.
October 12, 2016
According to a new Government Accountability Office report, the Pentagon says it's on pace to reduce civilian personnel costs by a required percentage, but will not meet the same requirement for contracted services costs.
September 30, 2016
Some defense services contractors are increasingly moving into building products, arguing they are able to leverage their understanding of the military's needs while also improving their margins and mix of work.
September 22, 2016
Dynetics, the Huntsville, AL-based contractor who has recently won awards from U.S. Special Operations Command and the Defense Advanced Research Projects Agency, is remaking itself from a services contractor into a products manufacturer that prioritizes cutting-edge research.
September 14, 2016
Though much of Lockheed Martin’s services work went to Leidos in a deal completed last month, the contractor retained several key units that have been realigned within Lockheed.
August 31, 2016
The Defense Department has proposed a rule that would exempt non-traditional contractors and small businesses from certified cost and pricing data requirements for certain contracts.
August 25, 2016
As a congressionally mandated panel reviews the government's approach to technical data rights, technology companies are warning that existing and proposed policies could disincentivize innovative firms from investing in defense technology.
August 24, 2016
The newly formed Leidos defense group, which merges the contractor's existing defense work with the defense business within Lockheed Martin's information systems and global solutions group, will have greater scale and improved ability to pursue international work, according to the unit's new chief.
August 17, 2016
Lawmakers are calling on the leaders of the Senate Armed Services Committee to remove language in the upper chamber's version of the fiscal year 2017 defense authorization bill that would repeal a moratorium on certain public-private competitions.
August 17, 2016
Contracting executives say they're facing difficulty in getting security clearances approved, in some cases slowing their ability to staff contracts.
August 12, 2016
Just one month after acquiring Wyle for nearly $600 million, KBR has agreed to buy Honeywell Technology Solutions for about $300 million, positioning KBR as a larger player in the government professional services industry.
July 29, 2016
The Army reported dramatic shifts in its annual "superior supplier" list, dropping 20 business units from its annual ranking of defense contractors compared to 2015 -- more than half the entire roster -- while promoting 17 suppliers to higher positions, including seven new business segments in the most prestigious Tier 1 group.
July 29, 2016
Five Navy suppliers improved their position -- and three made a new appearance -- in the service's annual "superior" rankings, a Defense Department program the service pioneered to identify exceptional cost, schedule, performance, quality and business relations by defense contractors.
July 28, 2016
L-3 Communications is increasing its focus on acquisitions, company executives said Thursday.
July 28, 2016
The Raytheon executive leading the company's international business told Inside Defense a strategic change adopted in recent years has helped the company grow its number of customers abroad.
July 27, 2016
Northrop Grumman is considering the best way to reshape its technology services business, seeking to move it away from providing commodity services, according to the contractor's chief executive.
July 27, 2016
Some of the largest defense contractors said Wednesday that profits grew in their most recent quarter.