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Tag Archives: Submarine

Lockheed to Supply Navy Integrated Undersea Surveillance Tech Under $121M Contract Modification

Lockheed Martin (NYSE: LMT) has received a $120.9 million contract modification from the U.S. Navy to provide an integrated undersea surveillance system as well as engineering services for a sonar system. The Defense Department said Friday Lockheed’s rotary and mission systems business will support the Acoustic-Rapid-Commercial-Off-The-Shelf Insertion sonar system that works to integrate and …

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BWX Technologies to Build Virginia Payload Module Launch Tubes for General Dynamics

TYSONS CORNER, VA, Dec. 28, 2016 — BWX Technologies‘ nuclear operations group has received a $35 million contract from General Dynamics‘ (NYSE: GD) Electric Boat subsidiary to develop and construct Virginia Payload Module launch tubes for the Virginia-class submarine program, ExecutiveBiz reported Tuesday. The VPM tubes are comprised of four large-diameter payload tubes and will …

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BAE’s US Arm to Help Engineer, Install Navy Submarine Weapon Systems; DeEtte Gray Comments

TYSONS CORNER, VA, Dec. 21, 2016 — BAE Systems‘ U.S. arm will help engineer and install new submarine weapon systems under a potential five-year, $368 million U.S. Navy contract awarded in October, GovCon Executive reported Thursday. The contract will also involve information technology support, engineering services and test equipment evaluations, training …

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Retired Navy Adm. Kirkland Donald to Join Board of Huntington Ingalls Industries

Kirkland Donald, a retired U.S. Navy admiral and former CEO of Systems Planning and Analysis, will officially join Huntington Ingalls Industries‘ (NYSE: HII) board of directors Jan. 1. The 37-year Navy veteran previously directed the military branch’s Naval Nuclear Propulsion program until he retired in 2013, HII said Wednesday. He also commanded the Naval Submarine Forces, Submarine …

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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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