According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded an $11, 884, 450 cost-plus-incentive-fee, cost-plus-fixed-fee contract to provide Trident II (D5) strategic systems programs shipboard systems integration; strategic weapon system navigation subsystem; systems design and development; and electrostatically supported gyro navigator refresh. This contract contains options which, if exercised, will bring the total contract value to $230, 156, 983. Work will be performed in Mitchel Field, N.Y. (35.4 percent); Huntington Beach, Calif. (27.9 percent); Oldsmar, Fla. (14.8 percent); Phoenix, Ariz. (14.2 percent); Cambridge, Mass. (7.2 percent); and Eagan, Minn. (0.5 percent). Work is expected to be completed July 30, 2015. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured, with two offers received. The Strategic Systems Programs, Arlington, Va., is the contracting activity (N00030-10-C-0018).”
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Lockheed Books Navy Contract
CACI International Inc. (NYSE: CACI) announced Thursday it has signed a definitive agreement to acquire financial management and business analytics services provider Delta Solutions and Technologies Inc. for an undisclosed amount. CACI said it expects the deal to increase its earnings per share in the year after the expected July 1 close and open new
BAE Systems won a deal from the U.S. Army to manage, operate and maintain the Radford Army Ammunition Plant in southwest Virginia. According to the firm, “the operating contract includes a 10-year base plus three five-year options, which, if fully exercised, will extend the award thru 2036. Initially, the Army has awarded approximately $850 million
ITT Corporation (NYSE: ITT) CEO Steve Loranger is set to present at the 2011 Electrical Products Group Annual Spring Conference in Longboat Key, Fla. on Monday, May 16, the firm reports. Loranger’s comments will begin at 9:00 a.m. EDT.