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Tag Archives: defense spending

Fitch Expects 3-5% Increase in Addressable Global Defense Market Over Next 3 Years

Fitch Ratings has said it projects a 3 percent to 5 percent growth in the relevant areas of the global addressable defense market over the next three years with the U.S. budget to constitute 45 percent to 50 percent of the market. Fitch said Monday it estimates the addressable global defense …

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Fitch Forecasts 4-Year Increase in DoD Budget, Defense Spending After Trump Win

Credit rating agency Fitch Ratings expects the Defense Department‘s budget and overall defense spending to increase in the next four years on Donald Trump’s election as president with the cybersecurity environment and U.S. Navy as key potential beneficiaries. Fitch said Wednesday it improved its credit view of the U.S. defense sector on top of its pre-election forecast of …

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Leidos’ Roger Krone Discusses Change in US Leadership and its Potential Impact on Defense Spending

Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), told CNBC in an interview aired Tuesday that he thinks that all U.S. presidents tend to act the same way when it comes to the country’s defense and security of its citizens. Krone made the comment in response to a question on …

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General Dynamics Snags $92 Million for Stryker Work

General Dynamics (NYSE: GD) Land Systems recently has been awarded three contracts by the U.S. Army TACOM Life Cycle Management Command to support the Stryker infantry combat vehicle.  The work combines for a value of $92.3 million. The most lucrative deal, worth $72.8 million, is for battle damage assessment, materials …

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Tuesday DoD Winners Include Raytheon, Lockheed Martin, Deloitte, L-3

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) was awarded on Dec. 10 a $9,134,000 cost-plus-fixed-fee contract.  This award will provide for the elimination of obsolete material in the PATRIOT Advanced Capability-3 and missile segment enhancement solid rocket motor.  Work is to be performed in Grand Prairie, Texas, …

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Raytheon Picks Up Deal to Produce Flair-Dispensing Pods for USMC Helicopters

Raytheon Company (NYSE: RTN) won a $14.8 million contract from the Navy for manufacture of dual pod countermeasures dispensers for U.S. Marine Corps CH-53 heavy-lift helicopters. According to the firm, “the dual pods will replace current single-pod dispenser systems on the aircraft, enhancing the protection provided to crews and passengers.” …

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$44 Million Navy Deal Comes to Booz Allen’s Port

According to the Department of Defense, “Booz Allen Hamilton is being awarded a $44,000,000 cost-plus-fixed-fee, firm-fixed-price, indefinite-delivery/indefinite-quantity contract for readiness and metrics support for the fleet readiness enterprise and warfare enterprises.  Work will be performed in various locations in the continental United States, and is expected to be completed January …

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Lockheed Martin Closes Out Winning Week with 2 Navy Contracts

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $96,974,397 modification to previously awarded contract (N00024-09-C-5110) for the definitization of the production of the DDG 113 Aegis weapon system (including a multi-mission signal processor [MMSP]); an additional MMSP for the Surface Combat System Center on …

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STG Snags Lucrative Army ID/IQ Deal

STG has claimed a U.S. Army Armament Research, Development and Engineering Center (ARDEC) services support contract. The ID/IQ has a potential value of $15 million over 5 years. The firm will support consultant, management, analytical, engineering and technical services for life-cycle mission functions in a wide range of capabilities, including …

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SAIC Takes Off with F-16 Contract

SAIC (NYSE: SAI) won a deal from GSA Region 8 to support engineering and software system services for the U.S. Air Force F-16 Aircraft Structural Integrity Program (ASIP). The one-year base deal includes four one-year options and a potential value of $19 million. According to the firm, “the F-16 ASIP …

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