
News from GovCon Wire
Top GovCon Wire News

Lockheed Martin · United StatesLockheed Martin reported on Tuesday that its second-quarter profit plunged by about 80%, after the U.S. defense group recorded a pretax loss of $1.6 billion, mainly linked to a classified program within its Aeronautics segment, sending its shares down more than 8%.See the Story
Lockheed profit dives 80% on $1.6 billion charge, shares tumble
53% Center coverage: 15 sources

Sarah Huckabee Sanders · ArkansasCAMDEN, Ark. – Officials with L3Harris Technologies in Camden, Arkansas, announced plans to expand capacity by constructing a large solid rocket motor production facility. Officials said the current campus will add more than 130,000 square feet of manufacturing and office space to the broader 2,000-acre production site, which employs approximately 1,300 people. It will include more than 20 buildings across 110 acres for high-speed production of …See the Story
Plans Set to Launch New Arkansas Rocket Motor Production Facility in Camden
50% Center coverage: 12 sources

Elon MuskOn Monday, the Department of Defense announced that it had signed similar agreements, also with ceilings of $200 million, with industry leaders including Google, Anthropic, and OpenAI. This means the Pentagon will have simultaneous access to multiple frontier AI models and workflows. OpenAI's contract, for example, is focused on developing...Read Entire ArticleSee the Story
Elon Musk's xAI Lands $200 Million Pentagon Contract Amid Grok Controversy
50% Center coverage: 6 sources