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Tag Archives: Submarine

November 9 Market Close: GovCon Index Ends at Record High With 5% Surge, Investors Bet on Defense Spending Uptick

Executive Mosaic’s GovCon Index climbed 5 percent for a record one-day gain and closing value Wednesday as investors made large buys of shares in large defense primes on expectations of increased defense spending under incoming Pres. Donald Trump after his watershed election win Tuesday. The U.S. stock bellwether S&P 500 composite index …

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Boeing Provides Sensors, Teams With Liquid Robotics at Unmanned Warrior 2016 Demo

TYSONS CORNER, VA, Nov. 1, 2016 — Boeing (NYSE: BA) and Liquid Robotics teamed up to participate at the two-week Unmanned Warrior 2016 naval demonstration event organized by the British navy, ExecutiveBiz reported Monday. The team used four Sensor Hosting Autonomous Remote Craft equipped with Boeing’s acoustic sensors to detect and track an …

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Australia Picks Lockheed to Provide Combat System for Future Submarines

TYSONS CORNER, VA, Sept. 30, 2016 — Lockheed Martin (NYSE: LMT) will work with DCNS and Australia’s defense department to integrate combat systems into the country’s future submarines, ExecutiveBiz reported Thursday. The Australian reported Thursday the team will install the combat system with sonars and other features onto 12 submarines in support …

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SAIC Wins Potential $383M Navy Contract for MK 48 Torpedo Components

Science Applications International Corp. (NYSE: SAIC) has won a potential four-year, $383.1 million contract to produce MK 48 Mod 7 heavyweight torpedo components for the U.S. Navy. The Naval Sea Systems Command awarded the firm-fixed-price, cost-plus-fixed-fee contract through a competitive procurement process with two proposals received, the Defense Department said Thursday. …

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L-3 to Produce Submarine Passive Sonar Receivers Under Potential $238M Navy Contract

L-3 Communications (NYSE: LLL) has been awarded a potential $238.2 million contract by the U.S. Navy to develop and manufacture passive sonar receiver technology for installation on submarines. The Defense Department said Wednesday the company will provide a first article TB-29X towed array receiver unit, production towed array assemblies and receiver units, test sets, shipping reels, …

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Huntington Ingalls Tops Street’s 2Q Earnings Forecast

Huntington Ingalls Industries (NYSE: HII) exceeded the consensus analyst outlook for earnings per share in its second quarter financial statement released before U.S. financial markets opened Thursday with revenue down on lower volume on aircraft carrier and submarine activity. Military shipbuilder and GovCon Index-listed company Huntington Ingalls reported second quarter earnings at $2.80 per share …

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General Dynamics Lands Award for Additional Funds on Virginia Payload Module Contract

TYSONS CORNER, VA, July 21, 2016 — General Dynamics (NYSE: GD) has secured an $18.9 million contract modification from the U.S. Navy for the development of a payload module for the Virginia-class attack submarines, ExecutiveBiz reported Wednesday. The company said Tuesday the award covers two Virginia payload module pre-production units and brings …

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Lockheed Martin Updates Navy’s Submarine Warfare Federated Tactical Systems

TYSONS CORNER, VA, February 26, 2016 — Lockheed Martin (NYSE: LMT) currently works on the redesign of the U.S. Navy‘s Submarine Warfare Federated Tactical Systems installed on several submarine classes, ExecutiveBiz reported Thursday. The company said Tuesday it will perform work at its anti-submarine warfare laboratory in Virginia as part of a …

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Progeny Wins $55M Navy Submarine Payload Control System Development Contract

Progeny Systems has won a $54.7 million contract to develop and test the General Dynamics-developed (NYSE: GD) payload or tactical control system of the U.S. Navy’s AN/BYG-1 submarine combat control system. The Defense Department said Wednesday Progeny will work on the system installed on new and existing Navy submarines and joint program …

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General Dynamics Subsidiary to Develop Ohio Replacement Submarine Prototype

TYSONS CORNER, VA, February 11, 2016 — A subsidiary of General Dynamics (NYSE: GD) will provide a prototype unit for the U.S. Navy’s Ohio Replacement submarine under a $23.6 million contract modification, ExecutiveBiz reported Wednesday. The company said Tuesday General Dynamics Electric Boat will also design an air-conditioning unit and develop technical manuals for the new ballistic …

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