GovCon Wire
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GovCon Wire provides informative, to-the-point stories of the most significant and the most recent contracting sector activity news of the government contracting industry. The blog is filled with articles and news on government contracting.
GovCon Wire
1h ago
Joint warfighting is a major focus for the Department of Defense as it works to adapt to the challenges of the modern battlefield, a constantly shifting landscape in which success is determined by data and digital capabilities. Interested in getting a comprehensive look into the intricacies of joint warfighting initiatives? The Potomac Officers Club’s Joint Coalition ..read more
GovCon Wire
1h ago
Lockheed Martin (NYSE: LMT) generated $17.2 billion in net sales during the first quarter of 2024, up 14 percent from the prior-year period’s $15.1 billion, and reported $1.5 billion in Q1 net earnings, or $6.39 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.8 billion in cash to shareholders through ..read more
GovCon Wire
1h ago
Northrop Grumman (NYSE: NOC) has secured a potential $167.1 million contract modification from the U.S. Navy to supply four lot 6 full-rate production Ground/Air Task Oriented Radar systems. Marine Corps Systems Command is the contracting activity and will obligate the full contract amount using the U.S. Air Force’s other procurement funds for fiscal year 2024 ..read more
GovCon Wire
1h ago
Eric Gudino, formerly security supervisor at Applied Signal Technology, has been appointed vice president of security at Fornax Advanced Materials, a developer of advanced materials designed for defense and aerospace applications. The U.S. Navy veteran will lead a team of security professionals at Fornax-AM and manage the company’s security program, the Chicago, Illinois-based company said ..read more
GovCon Wire
1h ago
We’ve come such a long way since January. When we began this year’s iteration, no executive had ever amassed 1,000 points in the Wash100 popular vote contest. Now, the top eight executives in the top 30 have all cleared the 1,000 threshold! No matter where they ultimately land when voting closes in ONE WEEK, Booz ..read more
GovCon Wire
2d ago
Private equity firm Arcline Investment Management has completed its purchase of aerospace and defense contractor Kaman for approximately $1.8 billion, or $46 per share in cash. With the completion of the acquisition, Bloomfield, Connecticut-based Kaman has stopped trading its common stock on the New York Stock Exchange, according to a joint release published Friday. Arcline ..read more
GovCon Wire
2d ago
Advancements in information technology have completely altered the intelligence community’s ability to disseminate its analysis and data to those who need it most, like policymakers, diplomats and defense leaders. Without it, the IC would be “doing all of this with paper and pencil. But in all seriousness, that’s a big responsibility on our shoulders,” said ..read more