Report: Former Deputy Defense Sec. Lynn to Lead DRS Technologies

Italian aerospace and defense group Finmeccanica is expected to appoint former Deputy Defense Secretary William Lynn as chairman and CEO of its DRS Technologies subsidiary, Defense News reports. If appointed, Lynn would replace Mark Newman, DRS’ chairman and CEO since 1995. Lynn would play a wide role in overseeing Finmeccanica’s U.S.-based operations, according to Defense News. Finmeccanica...

General Dynamics Wins Follow-On $3.7B Army Hardware, Software IDIQ

General Dynamics‘ (NYSE: GD) C4 systems business unit  has won a $3.7 billion U.S. Army indefinite-delivery/indefinite-quantity contract to provide hardware and software to the U.S Defense Department. The five-year award can include orders for computers, laptops, radio and other communications equipment, server platforms, routers and other items. The company may also provide system integration,...

Financial News from SAIC

SAIC (NYSE: SAI) is set to release first quarter fiscal year 2012 earnings press release after close of market on June 2. According to the firm, management will discuss the financial results in a conference call beginning at 5 p.m. eastern time.

Lockheed Inks Defense Work

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $6,553,613 cost-plus-award-fee contract modification to incorporate the operational flight program 3.5.3 Phase 2 into the C-5 Reliability Enhancement and Reengining Program contract.  At this time, $6,553,613 has been obligated.  Work will be performed in Marietta, Ga.  ASC/WLSK, Wright Air Force Base,...

Wyle Wins Work from Defense Advanced Research Projects Agency

According to the Department of Defense, “Wyle Information Systems is being awarded a $14,022,433 cost-plus-fixed- fee contract.  This contract is for the relocation of information technology equipment and for the purchase of new IT equipment during the relocation of Defense Advanced Research Projects Agency headquarters from 3701 North Fairfax Drive, Arlington, Va., to a more secure operating...

Boeing Scoops Up MDA Modification

According to the Department of Defense, “the Missile Defense Agency is announcing the award of a sole-source cost-plus- fixed-fee modification to Boeing (NYSE: BA) under Contract HQ0147-09-C-0007 (P00028).  The not-to-exceed value of the award is $27,242,000.  Under this modification, The Boeing Company will provide support for the Sea Based X-Band Radar shipyard maintenance efforts.  The...

Raytheon Books $157 Million to Continue Antarctic Research Support

Raytheon’s (NYSE: RTN) Technical Services Company booked an extension to cover another 12 months of work with the National Science Foundation’s U.S. Antarctic Program. The extension is valued at $157 million. RTSC’s Raytheon Polar Services Company has supported logistics, operations, and maintenance for research programs at three U.S. stations and two science vessels in Antarctica...

Lockheed to Build Sub Training Targets with New Deal

Lockheed Martin (NYSE: LMT) won $5.4 million from the Navy to create and second-generation anti-submarine training target. The targets are designed to recreate the movements and sounds of diesel submarines to help crews train to defend against subs. “We’ve worked with the U.S. and allied navies to provide a more affordable, flexible and proven solution to support their training missions,”...

Lockheed Martin Scores Trio of DoD Deals

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $14,785,866 modification to previously competitively awarded contract (N00024-08-C-6283) to exercise an option for the procurement of four low cost conformal array production units and engineering and technical services.  The contract is fixed-price-incentive for production units and cost-plus-fixed fee for...

ManTech, Raytheon Score Defense Contracts

According to the Department of Defense, “ManTech (NASDAQ: MANT) is being awarded a $17,573,244 modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00421-08-D-0008) to exercise an option for the procurement of warfare analysis, modeling and simulation, software development, and analytic program support for the Naval Air Systems Command’s Warfare Analysis...

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