Contracts Blog

Saudi Aramco, officially known as the Saudi Arabian Oil Company, is a state-owned oil company of Saudi Arabia and a fully integrated, global petroleum and chemicals enterprise. It recently announced a series of engineering, procurement,  and construction (EPC) contracts worth $7.7 billion to various companies, including Samsung Engineering.

BAE Systems, a British multinational aerospace, defense, and information security company, recently announced that it secured a $79 million contract with the U.S. Marine Corps. Based in London, England, BAE Systems has been the largest British arms manufacturer since 2017. This news is only the latest in a series of big contracts undertaken by the company in recent years.

Magellan Aerospace, a renowned name in the aerospace sector, recently clinched a multi-year contract with Airbus to supply major structural wing components for its single-aisle aircraft. This agreement reflects Magellan's commitment to excellence and innovation in aerospace manufacturing and will further solidify its position as a key player in the industry.

Empower AI, a leading provider of IT solutions and professional services to U.S. government agencies, has been awarded a contract to support the U.S. Army Information Systems Engineering Command’s Fort Huachuca Engineering Directorate.

ECS, a leader in advanced technology, science, and engineering solutions and an ASGN brand, has been awarded a five-year, $1.25 billion contract to provide technical, analytical, and program support services to the Defense Advanced Research Projects Agency (DARPA).

nLIGHT, Inc. (Nasdaq: LASR) has been awarded an additional contract from the Department of Defense's Office of the Under Secretary of Defense, Research & Engineering (OUSD (R&E)) High Energy Laser Scaling Initiative (HELSI) that more than doubles the previously-announced award. The total value of the award is now $171 million.

TechnipFMC (NYSE: FTI) has been awarded a large contract by Equinor for its Rosebank project, located west of the Shetland Isles in the United Kingdom. The integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract covers the manufacture and installation of subsea production systems, flexible and rigid pipe, and umbilicals, as well as connection to the host facility. The project will use pre-qualified equipment to expedite the delivery schedule.

Luna Innovations has been selected to provide a heat detection monitoring system for 11 South African mines. The system, which utilizes Luna's LIOS DE.TECT linear heat detection technology, will monitor up to 40 kilometers of conveyor belt and provide fast and accurate information about overheating before a fire develops. This system is designed to detect issues with belt rollers that can lead to overheating, allowing for proactive maintenance and avoiding potential hazards.

Leidos has been awarded a new prime contract from the U.S. Department of Defense (DoD) Joint Staff (JS) J6 Joint Assessment Division (JAD). This five year and six month contract is valued at approximately $74 million and will provide combined joint all-domain command and control (CJADC2) analysis and support.

Humanetics Corporation has been awarded a 5-year contract from the Department of Defense to develop its drug, BIO 300, as a medical countermeasure to protect against acute radiation exposure