According to the Department of Defense, “AT&T (NYSE: T) Sprint-Nextel (NYSE: S), T-Mobile and Verizon Wireless (NYSE: VZ) are each being awarded an indefinite-delivery/indefinite-quantity multiple award task order contract to provide wireless service and devices to the Navy. The maximum dollar value, including the base period and one six-month option period, for all four contracts combined is $96, 000, 000. These four contractors may compete for task orders under the terms and conditions of the awarded contract. No task orders are being issued at this time. Work will be performed in various continental United States locations, and is expected to be complete June 2012. Contract funds will not expire at the end of the current fiscal year. This requirement was awarded through full and open competition via the Navy Electronic Commerce Online and Federal Business Opportunities websites, with five offers received. The Fleet and Industrial Supply Center, San Diego, Calif., is the contracting activity.”
Adaptas Solutions, an Ampersand Capital Partners portfolio company, has agreed to purchase an L3Harris Technologies subsidiary and business unit that manufacture power supplies designed for analytical equipment.
The U.S. Air Force has awarded Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary a potential $500M contract to continue low-rate initial production of new combat rescue helicopters.