Jason Denney: Lockheed Increases Cruise Missile Production Under $449M in Contracts

lockheed martin
Lockheed Martin (NYSE: LMT) has won two contracts worth $449 million combined to produce two batches of joint air-to-surface standoff missiles for the U.S. Air Force. The company will make 340 baseline missiles, 100 extended-range variant missiles as well as provide testing, systems engineering, tooling and logistics support to the Air Force for missile batches 11 and 12, Lockheed said Thursday. “These...

Gene Colabatistto: CAE Extends Global Defense Reach With $102M in 3Q Military Training Deals

Gene Colabatistto
Gene Colabatistto CAE (NYSE: CAE) won approximately $102 million in contract awards during the third quarter of its 2014 fiscal year, covering flight simulation technology and related services to U.S. and international defense customers. Those deaks include a potential $30 million contract to support the U.S. Navy‘s T44-C pilot training program, CAE said Wednesday. “We are encouraged by...

John Veihmeyer: KPMG Finalizes Link Analytics Buy as Big Data Continues to ‘Fundamentally Transform’ Decision Making

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KPMG LLP has closed its purchase of analytical services provider Link Analytics for an undisclosed sum in an effort to help clients manage their operations by increasing usage of big data. Link Analytics employees will be a part of KPMG’s advisory business as both firms aim to work with customers in the areas of customer experience and analytics for addressing business challenges, KPMG said Monday. “Data...

Navy Researchers Seek Ideas for ‘Next-Gen’ Electronic Warfare Tech

NavyC4ISR
The Office of Naval Research is asking industry to submit ideas for new electronic warfare technologies in areas such as threat warning systems and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance). ONR is seeking to further development work on the next generation of EW tools through the Electronic Warfare Technology program and bring fundamental change...

John Casper, Scott Spence Provide Context on Space Fence Contract; Reported for Potential April Release

SpaceFence
The U.S. Air Force could award a multi-billion dollar contract in April to build a new radar system for tracking objects in space, Space News reported Dec. 27. Mike Gruss writes the Air Force has spent close to $1.3 billion on the Space Fence program since 2006. Lockheed Martin and Raytheon both received bridge contracts in December 2013 to demonstrate their prototypes for Space Fence and will conduct...

Lockheed to Build 14 Patriot Missile Kits for $263M

lockheed martin
Lockheed Martin (NYSE: LMT) has been awarded a $263,410,000 contract by the U.S. Army to build 14 Patriot missiles and seven launcher modifications kits. Kuwait is buying the four-pack missiles and kits through June 30, 2016 and the Army is obligating $23,808,000 in fiscal year 2014 other procurement funds at the time of award, the Defense Department said Tuesday. The company’s missiles and...

Raytheon Awarded $70M for Air Force Countermeasures

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Raytheon (NYSE: RTN) has been awarded a $70 million contract to build electronic countermeasures and line replaceable units for in-country spares, software sustainment and other work at two Air Force bases. Warner Robins and Eglin Air Force Bases are acquiring the Advanced Countermeasures Electronic Systems and LRUs to help support foreign military sales agreements with Egypt, Iraq and Morocco, the...

General Atomics to Manage Predator, Reaper Logistics for $362M; Frank Pace on Firm’s Domestic UAS Efforts

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General Atomics-Aeronautical Systems has been awarded a $362,193,866 contract to perform logistics support and sustainment work for the U.S. Air Force‘s fleets of Predator and Reaper unmanned aerial systems. The cost-plus-fixed-fee contract covers work in Poway, Calif. through Dec. 31, 2014 and the Air Force is obligating $89,976,837 in fiscal year 2014 operations and maintenance funds at the...

Lockheed to Build Aegis Equipment Sets for $574M

lockheed martin
Lockheed Martin (NYSE: LMT) has been awarded a $574,538,664 contract to build Aegis Weapon System equipment sets for the U.S. Navy‘s Arleigh Burke destroyer program and could also perform engineering work under an option. That option under the firm-fixed-price, multi-year contract also includes work for the Aegis Ashore Missile Defense System and Host Nation Poland, the Defense Department said...

Lockheed Awarded $200M to Finish GPS IIIs Satellites Five, Six

lockheed martin
Lockheed Martin (NYSE: LMT) has been awarded $200 million in contract options to complete production work on two GPS satellites the company is building for the Air Force. These funds cover work to finish GPS III satellites five and six and the company could receive full production funding for vehicles seven and eight next year, Lockheed said Monday. In February, the Air Force awarded $120 million to...

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