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Tag Archives: Navy

Lockheed to Help Navy Deploy Aegis Combat Systems Under $93M Contract Modification

Lockheed Martin (NYSE: LMT) has received a one-year, $93.5 million contract modification to complete the development and fielding of the Aegis Weapon System and integrated Aegis Combat System on three of the U.S. Navy‘s Arleigh Burke-class destroyers. The Defense Department said Friday the contract covers follow-on support services for USS Thomas Hudner, USS Paul …

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Lockheed Secures $192M in Navy Aegis Combat System Modernization Funds

Lockheed Martin (NYSE: LMT) has received a potential $192.3 million contract modification from the U.S. Navy for production support to the Aegis combat system modernization effort in fiscal 2017. The Defense Department said Thursday Lockheed’s rotary and mission systems business will perform work in Moorestown, New Jersey; Clearwater, Florida; and Owego, New York …

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Huntington Ingalls Gets $149M Navy Funds for Additional CVN 80 Carrier Material Procurement

A Huntington Ingalls Industries (NYSE: HII) subsidiary has received a potential $148.7 million contract modification from the U.S. Navy to obtain additional long-lead time materials needed for the construction of USS Enterprise nuclear-powered aircraft carrier. The Defense Department said Tuesday the Naval Sea Systems Command obligated the full amount of the modification …

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11 Small Businesses Win Spots on Potential $92M Naval Education IT Support IDIQ

The U.S. Navy has awarded 11 service-disabled, veteran-owned companies positions on a potential five-year, $92.3 million contract for information technology support services to the Naval Higher Education Information Technology Consortium. The Defense Department said Friday contractors will provide IT support to NHEITC member institutions such as the Naval Postgraduate School, the …

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Navy Secretary Nominee Spencer Downplays 355-Ship Fleet, Touts Unmanned Systems

Navy Secretary nominee Richard  Spencer downplayed President Donald Trump’s proposal of a 355-ship fleet, up from the current 276 number, while emphasizing that capability of weapons systems are paramount, Breaking Defense reported. The Chief of Naval Operations Admiral John Richardson has assessed that the Navy requires 355 ships, and he issued a …

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Ultra Electronics Agrees to Purchase Sparton

U.K.-based defense and aerospace equipment manufacturer Ultra Electronics has agreed to acquire Schaumburg, Illinois-based electromechanical technology provider Sparton  (NYSE: SPA). Sparton said Friday the transaction is valued at $23.50 per share and that it expects to complete the sale by Jan. 1, 2018. Joseph Hartnett, interim president and CEO of Sparton, said the deal …

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Executive Mosaic’s Weekly GovCon Round-up: NDAA, DoD Purchasing Reform & More

Weekly Roundup June 26 – June 30 2017 A Note From Our President & Founder Jim Garrettson This week we saw the unveiling of the House Armed Services Committee’s $696.5 billion defense authorization bill. The draft, titled 2018 National Defense Authorization Act (NDAA), was revealed on the 26th and asks for …

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HII Gets $437M in Navy Contract Modifications for Submarine Overhaul & Landing Platform Dock Construction

Huntington Ingalls Industries (NYSE: HII) has received two contract modifications worth a combined $437.5 million from the U.S. Navy to support an engineered overhaul of a Los Angeles-class submarine and construction of a San Antonio-class amphibious transport dock. HII will execute maintenance, repair, routine and test work on the USS Columbus (SSN 762) submarine through …

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Pratt & Whitney to Provide Initial Lot 11 F-35 Propulsion System Spares Under $340M Award

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a three-year, $339.6 million contract modification from the U.S. Navy to provide initial spares for the F-35 propulsion system. The Defense Department said Friday Pratt & Whitney will supply initial spare modules, parts and engines in support of the low-rate initial …

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PAE-Parsons JV Secures $85M Navy Contract for Military Guam Base Operations Support

A joint venture of PAE and Parsons has secured a potential $84.7 million contract from the U.S. Navy to carry out a range of base operations support services at Joint Region Marianas in Guam. DZSP 21 will provide management, administration, port operations, ordnance, material management, facility management, facility investment, electrical, steam, …

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