According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $21, 400, 000 contract modification for MC-130J increment three. The overall scope of this effort is to add the C-130J Block 7.0 upgrades and a special mission processor capability that include both developmental and integration of known/low risk improvements. The MC-130J unique increment three effort includes non-recurring engineering to develop one trial kit installation and developmental test of the increment three capability on one MC-130J increment two aircraft. The ASC/WLNNC, Wright Patterson Air Force Base, Ohio, is the contracting activity (FA8625-11-C-6597 PO0002).”
Cubic (NYSE: CUB) has formed a new business through the integration of its U.K.-based intelligent transport systems segment with its traffic management brands GRIDSMART and Trafficware.
Raytheon (NYSE: RTN) has won a two-year, $128.5M contract to help the U.S. Air Force maintain and operate mobile sensors at radar facilities. The company will maintain operational readiness of Cobra King and Gray Star radar systems that work to provide situational awareness on a 24-hour basis, the Department of Defense said Monday.