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Navy awards Raytheon potential $903.9M contract
The Navy has awarded Raytheon, a subsidiary of Arlington County Fortune 500 aerospace and defense contractor RTX, a contract worth up to $903.9 million, if all options are exercised, to provide support for a sensor system, the U.S. Department of Defense announced Monday. The initial $34 million firm-fixed-price, cost-plus-fixed-fee, cost-plus-incentive-fee and cost only contract covers […[...]
BAE Systems wins up to $238M Navy ship repair contract
Falls Church-based federal contractor BAE Systems Inc. has won a Navy contract worth up to $238.8 million to maintain, modernize and repair a San Antonio-class amphibious transport dock ship. The Department of Defense announced the $212 million firm-fixed-price contract award, which has options that would bring its cumulative value to $238.8 million, to the U.S. […]
BAE Systems lands $202M in Navy ship repair contracts
Falls Church-based BAE Systems Inc.’s Norfolk Ship Repair unit has received two U.S. Navy contracts worth a combined $202 million for maintenance, modernization and repair of two vessels. The U.S. arm of British defense giant BAE Systems announced the awards Monday. Its shipyard employees and their subcontractors will begin working on the guided missile destroyer […]
AeroVironment to acquire BlueHalo for $4.1B
AeroVironment, an Arlington County defense contractor, announced this week it will purchase aerospace and defense tech firm BlueHalo for approximately $4.1 billion in an all-stock transaction. Also based in Arlington, BlueHalo is owned by private equity firm Arlington Capital Partners and works in space technologies, counter-uncrewed aircraft systems, directed energy, electronic warfare, cyber, ar[...]
Top Five November 2024
1 | U.S. port strike stops cargo operations at Port of Va. About 45,000 union dockworkers walked off the job at every major port along the East and Gulf coasts until they ended the strike after reaching a tentative deal three days later. (Oct. 1) 2 | Three Va. universities have […]
Defense tech startups close major funding rounds
Venture capital firms are betting big on two Northern Virginia-based defense contracting startups that are promising high-tech solutions to military challenges. In August, McLean-based Defcon AI announced it had raised $44 million in seed funding led by San Francisco investment firm Bessemer Venture Partners. The same month, Parry Labs in Alexandria raised $80 million in […]
Leidos wins $331M Army IT contract
The U.S. Army has awarded a $331 million IT contract to Leidos to modernize its network, the Reston-based Fortune 500 federal contractor announced Monday. The Army Program Executive Office for Command, Control, Communications and Network (PEO C3N), formerly known as the PEO C3T, awarded the contract, which has a one-year base period of performance with […]
Raytheon to pay $950M+ to resolve fraud, bribery charges
The U.S. Department of Justice announced Wednesday that Arlington County‘s Raytheon, a subsidiary of aerospace and defense contractor RTX, has agreed to pay more than $950 million to resolve multiple allegations that include fraud and bribing a Qatari official. Under Wednesday’s settlement, Raytheon must pay the following penalties: For two counts of major fraud in […]
A smart defense
In late 2020, the Air Force made headlines when it announced that an artificial intelligence co-pilot, named ARTUµ, helped command and control a U.S. military spy plane for the first time in history. If the name, pronounced R-2, sounds familiar, it is. Think R2-D2, or “Artoo,” Luke Skywalker’s lovable droid and X-Wing copilot from the […]
Kongsberg to build $101M missile plant in James City County
Kongsberg Defence & Aerospace, a subsidiary of Norway’s Kongsberg Group, plans to establish its first U.S. defense assembly plant in James City County, investing more than $100 million and creating an estimated 180 jobs, Gov. Glenn Youngkin announced Tuesday. The company expects to invest $71 million in a 150,000-square-foot facility in James City County, as […]
V2X lands up to $747M Navy contract
V2X has received an up to $747 million U.S. Navy contract to maintain F-5 supersonic fighter jets used in military training exercises, the McLean-based Fortune 1000 aerospace and defense contractor announced Monday. Under the single-award, indefinite-delivery, indefinite-quantity contract, V2X will be responsible for providing critical support and operational readiness of the F-5 aircraft, which t[...]
Boeing lands $2.56B Air Force contract
Boeing has won a $2.56 billion U.S. Air Force contract for two rapid prototype E-7A airborne early warning and control (AEW&C) Wedgetail aircraft, the Arlington-based Fortune 500 aerospace and defense company announced Friday. The contract modification to a previously awarded undefinitized contract action includes life-cycle development, training and support for the Air Force’s E-7A flee[...]
