Hello, Guest!
  • Tuesday, April 23, 2024

Lockheed Gets $147M Contract Modification to Update Army’s Close Combat Trainer Systems


Military-vehicleLockheed Martin (NYSE: LMT) has been awarded a $147.1 million contract modification to complete upgrade work on close combat tactical trainer systems for the U.S. Army.

The company will continue to provide engineering, testing, technical management, logistical and materials and equipment support services under the military branch’s the CCTT modernization effort, the Defense Department said Friday.

The Army’s program executive office for simulation, training and instrumentation will assign work locations and provide funds with each order.

DoD expects Lockheed to complete work under the modification by Sept. 28, 2017.

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

Darrell Graddy Named Chief Strategy Officer at Boston Government Services Executive Moves

Darrell Graddy Named Chief Strategy Officer at Boston Government Services

Darrell Graddy, formerly chief operating officer of Leidos‘ (NYSE: LDOS) U.K. business arm, has been appointed chief strategy officer at Boston Government Services. He brings to the role nearly four decades of government contracting industry experience in program management, business development, capture strategy, strategy development and strategic planning, BGS said Monday. “Darrell has been a

Lockheed to Develop MDA’s Next Generation Interceptor System Contract Awards

Lockheed to Develop MDA’s Next Generation Interceptor System

Lockheed Martin (NYSE: LMT) has been selected to develop the Missile Defense Agency’s next-generation missile interceptor system designed to defend the U.S. homeland against intercontinental ballistic missile threats. The company said Monday it will serve as the prime contractor on the Next Generation Interceptor program and spearhead the system’s critical design review, integration in the