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Weekly Roundup June 27 – July 1 2016: Defense Prime Stocks Soar Post-Brexit & more


June 27 – July 1 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson   As massive the selloff was in global financial markets in the wake of June 23’s “Brexit” vote in the U.K., so was the reversal in equities after investors took a deep breath …

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Parsons Receives $455M MDA Systems Engineering Support Contract


Parsons has landed a $455.1 million contract to assist in the Missile Defense Agency’s weapons and missile systems engineering projects. The Defense Department said Thursday the company will help MDA track weapons systems, integrate system and subsystem hardware and software, assess and verify performance and inspect target and countermeasure aspects of …

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Lockheed Lands $323M Navy Contract to Deliver F-35 Mission Data File Mgmt Lab


The U.S. Navy has awarded a potential $323 million fixed-price-incentive contract to Lockheed Martin (NYSE: LMT) for a laboratory with integrated reprogramming capacity to build, modify, test and deliver mission data files of a fighter aircraft. The Defense Department said Thursday Lockheed Martin Aeronautics‘ laboratory will feature a hardware in-the-loop system to analyze F-35 fighter …

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General Dynamics Subsidiary Wins Potential $3B Navy Contract to Build 6 Replenishment Oilers

general dynamics logo

General Dynamics‘ (NYSE: GD) NASSCO subsidiary has received a potential $3.2 billion contract from the U.S. Navy to design and build six replenishment oilers. The Defense Department said Thursday the contract has a base value of $640 million for the initial T-AO 205 class fleet replenishment oiler, which could be followed by one ship …

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DLA Awards Lockheed $1.8B Contract for Military Weapon Systems Support

lockheed martin

The Defense Logistics Agency has awarded Lockheed Martin (NYSE: LMT) a potential $1.75 billion contract to provide consumable and depot-level repairable components for various weapon systems of the U.S. military. Lockheed will perform work in Maryland, Georgia, Texas, New York, Massachusetts and New Jersey through June, 29, 2022, the Defense Department said Thursday. The company will …

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Navy Adds 608 Contractors to SeaPort-e IDIQ

U.S. Navy

The U.S. Navy has selected an additional 608 companies to compete for a range of functional support task orders worth up to $3.96 billion per year under the military branch’s SeaPort Enhanced contract vehicle that now includes 5,106 total businesses as participants. The Defense Department said Thursday 682 offers were submitted to the Naval Surface Warfare Center in …

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Huntington Ingalls Awarded Potential $3B Navy Amphibious Assault Ship Contract

Huntington Ingalls HII

Huntington Ingalls Industries (NYSE: HII) has received a potential $3.1 billion from the U.S. Navy to proceed on the planning, engineering and procurement of long lead time materials for an amphibious assault ship. The Defense Department said Thursday HII will conduct work in Mississippi, Wisconsin, California, Georgia, Pennsylvania and other locations to support the LHA 8 assault ship. LHA 8 is a future amphibious …

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Navy Picks 6 Firms for Information System Technical Support Contracts


Six companies have won separate contracts to provide technical support services for the U.S. Navy’s ground, maritime and airborne information systems and networks. Each of the three-year, cost-reimbursement contracts awarded to Cabrillo Technologies, Science Applications International Corp. (NYSE: SAIC), Scientific Research Corp., Calnet, Solute and Booz Allen Hamilton (NYSE: BAH) contains …

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GE, UTC Awarded Air Force Adaptive Engine Design, Testing Support Contracts


A General Electric (NYSE: GE) subsidiary and United Technologies Corp. (NYSE: UTX) have each received a potential five-year, $1 billion contract to provide design, fabrication, testing and integration support services for the U.S. Air Force’s turbofan adaptive engines. The service branch awarded the sole-source contracts with priced options to GE Aviation and UTC …

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Army Grants 4 Firms $480M Counter-Narcoterrorism Support Contract

military in training

The U.S. Army has awarded Alliance for Counter Narcoterrorism, CACI International (NYSE: CACI), Mission Essential Personnel and Leidos (NYSE: LDOS) a four-year, $480 million contract to provide support to the Defense Department‘s Counter-Narcoterrorism Technology Program office. DoD said Thursday the Army Space and Missile Command received seven bids for the contract and will determine both funding …

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