According to the Department of Defense, “Huntington Ingalls Industries, Inc., a wholly owned subsidiary of Northrop Grumman (NYSE: NOC) is being awarded a $1, 496, 200, 000 fixed-price-incentive modification to previously awarded contract (N00024-06-C-2222) for the procurement of the detail design and construction of LPD 26, the future USS John P. Murtha, the 10th ship in the LPD 17 amphibious transport dock ship class. Work will be performed in Pascagoula, Miss. (82 percent); Crozet, Va. (4 percent); Beloit, Wis. (2 percent); and New Orleans, La. (1 percent). Other efforts will be performed at various sites throughout the United States (11 percent). Work is expected to be completed by February 2016. Contract funds will not expire at the end of the current fiscal year. The contract was not competitively procured. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.”
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.