In a landmark decision underscoring its commitment to bolstering defense capabilities, the U.S. Army has awarded a monumental follow-on production contract to the Javelin Joint Venture (JJV) for fiscal year 2024. Valued at a staggering $1.3 billion, this deal represents the largest single-year production contract ever granted for the Javelin missile system, marking a significant […]
Serco Group, a leading provider of public services, has been awarded a substantial contract by the US Army Corps of Engineers (USACE) to manage the modernization of the backup electrical plant at the US Space Force’s Pituffik Space Base in Greenland. This four-year contract, which began in August 2024, is valued at approximately $320 million […]
Astronics Corporation (Nasdaq: ATRO), a prominent technology provider in the aerospace, defense, and mission-critical industries, has announced a significant contract win to produce the U.S. Army Radio Test Set TS-4549/T. This contract, vital for ensuring the operational readiness of the Army’s communication devices, underscores the firm’s pivotal role in supporting the nation’s defense capabilities. The […]
The U.S. Missile Defense Agency (MDA) has officially selected Lockheed Martin [NYSE: LMT] to develop and deliver the Next Generation Interceptor (NGI), marking a significant advancement in homeland missile defense. Lockheed Martin, renowned for its expertise in defense technology, will act as the prime contractor for the NGI, which is designed to counter long-range ballistic […]
The U.S. Navy has awarded BAE Systems, a leading defense, security, and aerospace company, an $86 million contract. This contract is aimed at bolstering the U.S. Navy’s Mobile Deployable Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance (MDC5ISR) programs over the next five years. BAE Systems will provide extensive engineering and technical services […]
In a significant development for India’s defense sector, Navaratna Defence Public Sector Undertaking (DPSU) Bharat Electronics Limited (BEL) has entered into a substantial contract with Larsen & Toubro Limited (L&T). The contract, valued at Rs. 847.70 Crore plus taxes, marks a pivotal moment for both corporations and the broader Indian defense industry. Under this agreement, […]