Contracts Blog

PwC Embraces AI Revolution, Becomes ChatGPT Enterprise Champion

PwC, a renowned name in business services, is strategically immersing itself in the artificial intelligence (AI) revolution. In a groundbreaking move, they've partnered with OpenAI, the mastermind behind the ChatGPT chatbot, not only becoming their largest customer but also their inaugural official reseller.

Topics: Contracts AI business software

Saipem Secures Multi-Billion Dollar Contracts for Offshore Projects in Angola

Milan-based engineering company Saipem is strengthening its position as a key player in Angola’s offshore energy sector, having secured multiple high-value contacts worth a combined $4.5 billion. The bulk of these contracts have been awarded by French multinational energy company TotalEnergies, one of the world’s largest oil and gas companies.  

Topics: Contracts business insights Renewable Energy Corporate news

US Defense Industry Awards Major Contracts for Cloud and Satellite Comms

The US Department of Defense (DoD) and the US Space Force have recently announced significant contract awards aimed at enhancing and modernizing the nation's defense capabilities. This article explores the details of these strategic contracts and their implications for US Defense. 

Topics: Contracts Technology strategies

Cadmus Group's $27 Million Initiative with the U.S. DOT

The U.S. Department of Transportation (DOT) has launched an ambitious project in an effort to “repair the societal rifts created by past infrastructural decisions.” Known as the Reconnecting Communities Institute (RCI), this initiative is spearheaded by Cadmus Group and backed with a $27 million cash injection.

Topics: Contracts business insights Transportation

Aramco's Strategic Expansion: $7.7 Billion in Contracts for Fadhili Plant

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.

Topics: Contracts Technology Development investments

York County BAE Systems Secures $79 Million Marine Corps Contract

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.

Topics: Contracts Technology Military

BlackSky Secures $24 Million Contract Win with Air Force Research Lab

As revealed by the company on Wednesday, BlackSky has recently secured a lucrative contract worth $24 million from the Air Force Research Laboratory (AFRL) to spearhead the development of cutting-edge moving target engagement services. Notably, BlackSky has been granted an initial award of $3.5 million to kickstart the project.

Topics: Contracts Technology AI business insights

Magellan Soars with Airbus Contract: Pioneering Single-Aisle Aircraft

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.

Topics: Contracts business insights Aviation

American States Water Company Awarded 50-Year Contract

American States Water Company (AWR: NYSE) has been awarded a 50-year contract by the U.S. government to provide water distribution and wastewater collection services at Naval Air Station Patuxent River in Maryland.

Topics: Water Contracts