Though state officials have faced difficult choices as they struggle to finalize 2010 budgets across the country, it’s clear the task would have been even more grim without a crucial infusion of federal money. According to the Center on Budget and Policy Priorities, as dire as the states’ fiscal condition is – with dramatic revenue downturns leading in some cases to unprecedented service cuts – evidence shows this bad situation would be substantially worse if not for the $787 billion American Recovery and Reinvestment Act package enacted in February.
The U.S. Army has awarded Northrop Grumman (NYSE: NOC) a one-year, $101.1M contract modification to continue to provide logistics support for government-owned, fixed-wing aircraft.
Raytheon Gets $191M Navy Contract Modification for Updated Seasparrow Missile Production Items, Spares
Raytheon's (NYSE: RTN) missile systems business has secured a $190.5M contract modification from the U.S. Navy to obtain the remaining materials needed to produce lots 1 through 3 of Block 2 Evolved Sea Sparrow Missile system.