According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $7, 907, 803 firm-fixed-price and cost-plus-fixed-fee option exercise modification to previously awarded contract (N00024-08-C-6282) for the production and support of multi-function towed arrays for the AN/SQQ-89A(V)15 antisubmarine warfare combat systems. The multi function towed array is the next generation passive and active sonar receiver. It affords several enhancements to the AN/SQR-19 Tactical Towed Array System allowing greater coverage, increased capability/reliability, and reduced obsolescence. Multi-function towed array significantly contributes to the capability of surface ships to detect, localize and prosecute undersea threats and is a critical sensor to a combat systems suite. Work will be performed in Syracuse, N.Y. (60 percent); Baltimore, Md. (20 percent); Cleveland, Ohio (14 percent); and Phoenix, Ariz. (6 percent), and is expected to be completed by January 2013. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.”
General Electric’s (NYSE: GE) aviation business has received a potential $157.7M contract to provide holistic engine support for T64 engines used to power U.S. Navy aircraft. The Defense Logistics Agency awarded the fixed-price prospective redetermination and requirements contract that has base period of five and a half years along with one five-year option, the Department of Defense said Wednesday.
TYSONS CORNER, VA, November 28, 2018 — Boeing (NYSE: BA) has entered into a reciprocal purchase agreement with Israel’s government in which the U.S. defense firm will invest in and partner with Israeli companies on certain contracts, ExecutiveBiz reported Nov. 2. The Jerusalem Post reported Oct. 31 that Boeing will collaborate with the local industry in
The U.S. Defense Department intends to end the furloughs of certain inspectors and officials that work with contractors at government sites. Those furloughs were reported to have driven an increase in planned contractor furloughs and temporarily paused contracted work at federal facilities. Click here to read more on these developments from ExecutiveGov. Bloomberg’s William Selway