Palantir received a $10 billion contract from the U.S. Army, the Defense Department said. The award is a firm-fixed-price contract transitioning existing contracts in which Palantir is currently a ...

Under the Army contract for IFPC, Leidos subsidiary Dynetics will perform work in Alabama, Minnesota and Pennsylvania through ...

The US Department of Defense said it had expanded the contract on producing air-to-surface JASSM and anti-ship LRASM missiles ...

Department of Defense announced a $3.5 billion award to Raytheon for AMRAAM missiles: it’s the largest contract in program ...

For example, in 2017, the Department of Defense (“DoD”) implemented a preference for fixed-price contracting and required approval of cost-reimbursement contracts in excess of $25 million by ...

Under a fixed-price contract, a company agrees to create a system for the military at a set price tag. If the program busts its budget, the company is on the hook for cost overruns.

RTX (RTX) was awarded a not-to-exceed $3.5B firm-fixed-price incentive, undefinitized contract action for Advanced Medium Range Air-to-Air Missile ...

The Army has awarded a contract for a 5,000-capacity migrant detention facility for Immigration and Customs Enforcement at ...

There is usually no contingency account in an FP contract because the price is fixed. Under GMP contracts, the price is not fixed. The contractor is paid approved costs and its fee, up to the GMP.

For at least the next 10 to 15 years, most of NASA’s ambitious plans rely on fixed-price contracts—everything from small cargo vehicles to large human landers on the Moon; space stations in ...

The Space Force’s acquisition shop has been bullish about its pursuit of fixed-price development contracts amid rising concern from defense companies that the approach puts too much risk on industry.