SAIC wins $55M Space Development Agency integration contract

SAIC wins $55M Space Development Agency integration contract

SAIC will take on systems engineering and related support work for SDA’s emerging satellite network. Science Applications International Corp. has won a five-year, $55 million contract that designates it as lead program integrator for part of the Space Development Agency’s main satellite constellation. The contract tasks SAIC with systems engineering and related integration support activities to […]

Lockheed to acquire Amentum product unit for $360M

Lockheed to acquire Amentum product unit for $360M

Amentum’s Rapid Solutions team manufactures communications and other tactical systems for national security programs. Lockheed Martin has agreed to acquire a product development business from Amentum for $360 million in cash to further build up Lockheed’s lineup of airborne and space technologies, among others. Known inside Amentum as Rapid Solutions, this business unit employs approximately 230 […]

Northrop takes $477M loss on B-21 to speed up production, cover materials costs

Northrop takes $477M loss on B-21 to speed up production, cover materials costs

Anticipated losses on the stealth bomber’s first five production lots have now surpassed $2 billion. Northrop Grumman is taking a $477 million hit on its B-21 Raider program to fund changes that will allow it to build the new stealth bomber faster than the Pentagon has so far requested. The pre-tax charge, tied to the first […]