According to the Department of Defense, “Northrop Grumman (NYSE: NOC) is being awarded a $206, 748, 092 cost-plus-fixed-fee option under existing previously awarded contract (N00024-10-C-2110) for continuation of advance planning efforts to prepare and make ready for the refueling complex overhaul of USS Abraham Lincoln (CVN 72). This effort will continue to provide for shipchecks, design, documentation, engineering, procurement, fabrication and preliminary shipyard or support facility work to prepare for and make ready for the refueling, overhaul, modernization and routine work on the ship and its reactor plants. Work will be performed in Newport News, Va., is expected to complete February 2012. Contract funds will not expire at the end of the current fiscal year. This contract was not competitively procured. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.”
Capital One has signed an agreement to acquire KippsDeSanto & Co., an investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies, Capital One announced on Monday.