According to the Department of Defense, “the Bell Boeing (NYSE: BA) Joint Project Office is being awarded a $30, 291, 489 cost-plus-incentive-fee contract to procure two U.S. Air Force Special Operations Command Tiltrotor (CV-22) flight training devices, and associated provisioned items and spares. Work will be performed in Broken Arrow, Okla. (53 percent); Fort Worth, Texas (35 percent); Philadelphia, Pa. (7 percent); Clifton, N.J. (3 percent); and Orlando, Fla. (2 percent). Work is expected to be completed in September 2013. Contract funds will not expire at the end of the current fiscal year. This contract was not competitively procured pursuant to FAR 6.302-1. The Naval Air Warfare Center Training Systems Division, Orlando, Fla., is the contracting activity (N61340-11-C0004).”
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The State Department approved Romania's request to buy anti-ship missile systems manufactured by Raytheon Technologies (NYSE: RTX) through a potential $300M foreign military sale transaction with the U.S. government. The company's missiles and defense business would deliver two units of the Naval Strike Missile Coastal Defense System and complementary equipment to Romania's government under the potential deal, the Defense Security Cooperation Agency said Friday.
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