WASHINGTON — The U.S. Army Contracting Command has awarded Lockheed Martin Corp. a $1.21 billion contract for the Precision Strike Missile (PrSM) Increment 2 Early Operational Capability, advancing the service's long-range precision fires modernization efforts. Under the cost-plus-fixed-fee and firm-fixed-price indefinite-delivery/indefinite-quantity agreement, work will be managed out of Grand Prairie,…
Event Details Overview The AUSA Annual Meeting & Exposition is the primary land power defense exposition and professional development forum in North America. Serving as a central platform for the global defense sector, the three-day event connects military leadership, industry executives, policymakers, and international delegations to align on U.S. Army…
WASHINGTON — The U.S. Department of War’s Office of the Assistant Secretary of War for Industrial Base Policy, in partnership with the Economic Defense Unit, has announced a $450 million redeemable preferred equity investment in The Elmet Group to secure the nation's tungsten supply chain and enhance defense industrial resilience.…
ST. LOUIS & IRVINE, Calif. — Boeing and Anduril Industries have been selected by the U.S. Army to advance to the next phase of the Integrated Fires Protection Capability (IFPC) Increment 2 Second Interceptor competition. The program aims to deploy a high-performance, mass-producible midrange interceptor designed to protect fixed and…
WASHINGTON — The U.S. Air Force has bumped the cap on an existing Boeing Co. contract by $13.4 billion, pushing its total potential value to $19.1 billion as foreign military orders continue to pile up. The updated agreement (FA8609-19-D-0007) gives the Pentagon a ready-made vehicle to process weapon and support…
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