Hello, Guest!
  • Friday, April 19, 2024

Reports: Boeing-Lockheed Team to Drop Protest of Air Force Bomber Contract Award to Northrop


long range bomberThe team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) will not pursue a legal challenge in federal claims court of the U.S. Air Force’s award of the Long Range Strike Bomber contract to Northrop Grumman (NYSE: NOC), Bloomberg reported Friday.

Julie Johnsson writes the decision comes a week after the Government Accountability Office denied a protest filed by the two companies against the award of the LRSB contract to Northrop in October 2015.

Andrea Shalal also reports for Reuters that a source said Air Force Secretary Deborah Lee James is scheduled to announce the official name of the bomber Friday at a conference in Orlando.

Senate Armed Services Committee Chairman John McCain said that he would move to bar the authorization of the bomber program because it is based on a cost-plus contracting model, according to the report.

The Air Force told Reuters that it would set up a meeting with McCain to discuss issues on the program.

Video of the Day

Related Articles

BlueVoyant Names Sebastian Sobolev as Product VP Executive Moves

BlueVoyant Names Sebastian Sobolev as Product VP

Sebastian Sobolev, a cybersecurity and data analytics professional, has been appointed vice president of product at New York-based cloud-native cyber defense platforms provider BlueVoyant. He announced his new position in a LinkedIn post published Thursday. Prior to his current position, Sobolev was chief technology officer at BlueVoyant’s government solutions business and was responsible for technology

Iridium Reports Q1 2024 Results, Completes 1st Ever Acquisition; Matt Desch Quoted Financial Reports

Iridium Reports Q1 2024 Results, Completes 1st Ever Acquisition; Matt Desch Quoted

Iridium Communications (Nasdaq: IRDM) presented its Q1 2024 financial results, in which total revenue reacched $203.9 million, although slightly lower by 0.7 percent from a year ago. Notably, the voice and data satellite communications provider’s net income increased 101.1 percent year-over-year to $19.65 million, while the subscriber base grew 7 percent compared to Q1 2023, Iridium said

L3Harris Books $187M USSF Space Surveillance System Maintenance Contract Contract Awards

L3Harris Books $187M USSF Space Surveillance System Maintenance Contract

L3Harris Technologies (NYSE: LHX) has secured a potential $187 million contract to continue helping the U.S. Space Force maintain and upgrade its space surveillance systems and command centers dedicated to providing space domain awareness for military and civilian users. The award exercises the option year five of the potential 10-year, $1.2 billion Maintenance Of Space