BAE Systems, Information Systems Labs to Develop Naval Target Systems

Contract
BAE Systems Information Solutions and Information Systems Laboratories have each won contracts totaling $45 million to develop intelligence exploitation and targeting systems for the U.S. Navy. The companies will also work to field the prototypes and maintain deployed systems, the Defense Department said Monday. The agency added that the companies will have “a fair opportunity to compete for...

DeEtte Gray: BAE to Continue Systems Integration Support for Navy

DeEtte Gray
DeEtte Gray BAE Systems will provide lifecycle engineering and technical support for the U.S. Navy‘s on-shore and at-sea communication and combat systems under a five-year contract potentially worth $146.7 million. The contract includes systems integration for the Naval Air Systems Command‘s computers, communication and combat systems, and intelligence, surveillance and reconnaissance...

DeEtte Gray: BAE Systems Seeks to Enhance US Navy’s Aegis Weapon System

DeEtte Gray
DeEtte Gray BAE Systems has won a five-year, $120 million contract to integrate and test the U.S. Navy’s Aegis combat system onboard surface ships. The company will also work to develop, engineer and maintain the system in order to sustain the weapon’s readiness, BAE said Monday. “Together, we are enhancing the U.S. Navy’s combat readiness,” said DeEtte Gray, president of BAE Systems’ intelligence...

January 15 Market Close: GovCon Index Dips, Banking Sector Losses Drag US Stocks

GovConIndexDOWN
The GovCon Index recorded a nominal loss of 0.267 points — or 0.381 percent — to close at 70.408 on Thursday. A 1.1-percent decline in the S&P financial sector and worries over how global economic weakness could affect U.S. corporate earnings drove U.S. stocks down, according to Reuters. The Dow Jones Industrial Average fell 106.38 points to 17,322.51, the S&P 500 composite index...

NGA Taps BAE to Update Geospatial Data Product Platform; Rex Ballard Comments

cyberwarfare
BAE Systems Inc. — the British defense contractor’s U.S. subsidiary — will help the National Geospatial-Intelligence Agency install one of the company’s commercial software products into a platform the agency uses to store and manage geospatial intelligence. The company said Tuesday it was awarded a potential seven-year contract to help integrate its GXP Xplorer tool into...

January 12 Market Close: GovCon Index Falls, Investors Prep for Earnings Season

GovConIndexDOWN
The GovCon Index started the week with a loss of 0.512 points — or 0.732 percent — to close at 70.483 on Monday. Investors showed concern over continued declines in oil prices and are preparing to watch the start of quarterly earnings reports, CNBC reports. Crude futures on the New York Mercantile Exchange closed at $46.09 per barrel and traded below the $46 level for the first time...

Navy Adds CGI, DRS Units to Consolidated Shipboard Networks Contract

U.S. Navy photo
U.S. Navy photo The U.S. Navy has awarded CGI (NYSE: GIB) and DRS Technologies business segments positions on an eight-year, $2.5 billion contract to provide production units of the Consolidated Afloat Networks and Enterprise Services system. The Defense Department said Thursday that CGI Federal and DRS Laurel Technologies can compete for task orders under the indefinite-delivery/indefinite-quantity...

BAE to Provide Army With 5 Armored Vehicle Variants for $383M

Bae systems logo_ExecutiveBiz
BAE Systems‘ land and armaments business has received a $382.6 million order to provide the U.S. Army with five variants of the Armored Multi-Purpose Vehicle. The Defense Department said Dec. 23 that the company will deliver general purpose, mortar carrier, mission command, medical evaluation and medical treatment AMPV variants. The order is part of BAE’s potential $1.2 billion contract...

December 16 Market Close: GovCon Index Records Nominal Loss, Investors Eye Possible Fed Move

GovConIndex
The GovCon Index extended its current stretch of declines into a third consecutive day with a nominal loss of 0.154 points to close at 67.411 on Tuesday. Investors will keep an eye on the Federal Reserve’s impending decision later this week on whether to change their policy statement and be more open to an interest rate increase next year, according to Reuters. The Dow Jones Industrial Average...

BAE’s US Arm Inks Deal for Eclipse Electronic Systems, Parent Closes SilverSky Buy

Tom Arseneault
BAE Systems Inc. — the British defense contractor’s U.S. subsidiary — has agreed to acquire Eclipse Electronic Systems from Esterline Corp. for nearly $28 million cash in order to add new intelligence, surveillance and reconnaissance products to BAE’s portfolio. The transaction is scheduled to complete in the first quarter of 2015 and is pending regulatory approvals,...