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Tag Archives: Navy

BP Subsidiary Wins $559M US Military Fuel Supply Contract

A subsidiary of oil producer BP has won a one-year, $559 million contract from the Defense Logistics Agency to supply fuel products to the U.S. Army, Navy and Air Force. The Defense Department said Friday BP Products North America will perform work under the fixed-price, economic-price-adjustment contract in Illinois, Singapore and the United Arab …

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Weekly Roundup November 14 – November 18, 2016: ‘Big 3’ Credit Rating Firm Ups Defense Outlook & more

November 14 – November 18, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson One of the country’s “Big Three” credit rating agencies has bolstered its view of the government contracting sector’s prospects under incoming President Donald Trump and in particular defense companies. …

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DLA Awards $252M in Retail Electricity Contracts to 5 Firms

Five companies have won two-year contracts worth up to $252.5 million combined for retail electricity and ancillary/incidental services to various U.S. federal departments and military branches. The Defense Logistics Agency‘s energy organization received eight offers for the contracts through a competitive procurement and the winning suppliers will perform work through Dec. 31, 2018, the Defense …

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November 17 Market Close: GovCon Index Nudges Green, Fed Chair Tells Congress Rate Hike Near

Executive Mosaic’s GovCon Index nudged a slight gain Thursday in a mostly positive session for the U.S. stock market at-large as investors listened to Federal Reserve Chair Janet Yellen’s congressional testimony. GovCon Index decliners edged advancers and three of its 11 S&P 500 components closed green with Honeywell International (NYSE: HON) the best net gainer among …

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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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L-3 Wins Navy Night-Vision Binocular Supply IDIQ

TYSONS CORNER, VA, Nov. 16, 2016 — The U.S. Navy has awarded L-3 Communications (NYSE: LLL) a $49.5 million indefinite-delivery/indefinite-quantity contract for the supply of binocular night-vision devices, ExecutiveBiz reported Tuesday. The company will provide BNVD goggles with white phosphor tubes that will work to boost visual acuity of special operations forces …

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November 15 Market Close: GovCon Index Post-Election Gain Streak Ends With 1% Decline, US Stocks Advance

Executive Mosaic’s GovCon Index ended its four-day post-election gain streak with a 1-percent decline Tuesday as investors sold defense shares that had surged since Donald Trump’s U.S. presidential election victory Nov. 8. In contrast, U.S. stocks were lifted Tuesday on bounces in technology and energy shares as the latter sector rose in conjunction with …

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Vencore Wins $135M Navy Cyber Systems Engineering, R&D Support IDIQ; Mac Curtis Comments

TYSONS CORNER, VA, Nov. 14, 2016 — The U.S. Navy has awarded Vencore a potential five-year, $135 million contract to provide cyberspace science, research, engineering and technology integration support for the Space and Naval Warfare Command Systems Center Pacific, GovConExecutive reported Thursday. The company said Wednesday it will deliver research and development …

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November 10 Market Close: GovCon Index Adds 2% to Record High on Post-Election Defense Buying Spree

Executive Mosaic’s GovCon Index added 2 percent to another record close Thursday as investors continued a buying spree on defense stocks after Donald Trump’s election win and Maximus (NYSE: MMS) rebounded after its sharp drop Wednesday. GovCon Index gainers again outnumbered laggers at a 9-to-1 ratio for a second consecutive session and all …

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Harris’ Antenna Reflectors Unveiled Onboard Navy MUOS-5 Satellite

TYSONS CORNER, VA, Nov. 10, 2016 — Two Harris-built (NYSE: HRS) unfurlable mesh antenna reflectors are part of the U.S. Navy‘s fifth Mobile User Objective System satellite and have been deployed Oct. 30, ExecutiveBiz reported Wednesday. Harris said Tuesday it provides a 45-foot and an 18-foot antenna per satellite on the MUOS …

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