According to the Department of Defense, “Boeing (NYSE: BA) is being awarded a $31, 087, 443 cost-plus-fixed-fee, cost-plus incentive contract for TRIDENT II (D5) maintenance, repair, and rebuilding in support of navigation equipment. This contract contains options which, if exercised, will bring the total contract value to $64, 160, 867. Work will be performed in Huntington Beach, Calif. (89 percent), and Heath, Ohio (11 percent), and is expected to be completed Sept. 30, 2014. Contract funds in the amount of $16, 069, 864 will expire at the end of the current fiscal year. This contract was not competitively procured. Strategic Systems Programs, Washington, D.C., is the contracting activity (N00030-11-C-0002).”
Nadia Carlsten, former director of commercialization at the Department of Homeland Security and program manager of its cybersecurity division, has joined Amazon (Nasdaq: AMZN) as head of strategy and operations, G2Xchange ETC reported Monday.
Boeing (NYSE: BA) forecasts the aerospace and defense market to reach $8.7T and defense and space opportunities to hit $3.1T in the next 10 years as government agencies adopt new technologies, update military systems and expand maritime and space exploration.