The recently signed per-unit cost targets for the F-35 indicate its price is coming down with added orders, but the Pentagon’s top procurement executive says more steps are needed. The Pentagon’s most ...

Lockheed Martin Corp. LMT, the largest U.S. defense contractor, enjoys a prominent position in the global defense map. Through its Missiles and Fire Control (MFC) segment, it designs, develops and ...

Lockheed Martin Corporation’s LMT business unit, Rotary and Mission Systems, recently clinched a modification contract involving the AEGIS weapon system. The award has been provided by the Naval Sea ...

ContractComplete is a cloud-based, enterprise-grade web and mobile application designed to help large contracting companies manage large unit price contracts from start to finish. The app provides ...

Lump sum construction agreements are the most basic of the different design-bid-build options: the contractor agrees to complete the entire scope of work for a fixed price, and assumes most of the ...

As part of the contract, S&B will deliver engineering and construction (EC) on the new 1-hexene unit that—equipped with CPChem’s proprietary technology—will use a feedstock of ethylene to produce ...

RTX Corporation’s RTX unit Raytheon recently secured a contract to provide a processor upgrade for mission alliance risk reduction. The award has been provided by the Air Force Lifecycle Management ...