As we look back at May, I’d like to highlight some significant contract activity and financial reporting for the major platform manufacturers and the executives that are driving the deals.

General Dynamics

Firat H. Gezen is the president of ordnance and tactical systems at General Dynamics Mission Systems.

On May 25th, the Defense Department announced GD won a position on a five-year, $511.2 million contract with the U.S. Army to manufacture mortar-propelling charges. The Falls Church, Va., company will compete with munitions maker American Ordnance for task orders under the firm-fixed-price contract, with work set to run through May 24, 2023. GD reported first quarter 2018 net earnings of $799 million, a 4 percent increase from the same period last year, and revenue of $7.5 billion, a 1.3 percent increase over first quarter 2017.

Lockheed Martin

Orlando Carvahlo is the executive vice president of aeronautics at Lockheed Martin.

On May 24th, the DoD awarded Lockheed a potential $558.3 million contract with the U.S. Navy to provide sustainment services for initial production of Lot 11 F-35 Lightning II fighter jets. In addition to the Navy, the firm-fixed-price contract covers purchases from the Air Force, Marine Corps, and foreign military sales customers, with work set to run through February 2023. The Bethesda, Md., company reported first quarter 2018 net earnings of $1.2 billion, compared with $789 million during the same period last year, and net sales of $11.6 billion, up from $11.2 billion in first quarter 2017.

Raytheon

Dr. Taylor Lawrence is vice president of Raytheon Missile Systems.

On May 30th, Reuters reported that Sweden plans to finalize a potential $3 billion purchase of Raytheon’s Patriot missile defense system within the next few weeks. Sweden will seek U.S. approval for the contract, which includes an option for the supply of up to 300 missiles. On May 10th, the DoD announced that the Waltham, Mass., company secured a potential $529.7 million contract to provide updated Rolling Airframe Missiles to the Navy and three foreign customers. Work will run through September 2023. Yesterday, May 31st, the DoD said Raytheon won a potential $847.6 million award to make an “over-the-horizon” weapon system for the Navy‘s littoral combat and frigate ships. Raytheonreported first quarter 2018 net sales of $6.3 billion, an increase of 4.5 percent during the same period last year.

Boeing

Leanne Caret, president and chief executive officer of Boeing Defense, Space & Security, is a two-time Wash100 award winner.

GovConWire reported May 30th that the Navy intends to negotiate a potential 10-year, $1.86 billion contract with Boeing for new and updated P-8A Poseidon training systems. The indefinite-delivery/indefinite-quantity contract will encompass upgrading aircrew and maintenance training systems for the Navy and the Australian air force through a foreign military sales transaction. On May 24th, the DoD announced Boeing secured a $416.4 million contract modification covering three Lot 9 P-8A multi-mission aircraft for the Navy, with work set to occur through October 2020. Boeing posted first quarter 2018 revenue of $23.4 billion, a 6 percent increase during the same period last year.

Northrop Grumman

Shawn Purvis is a corporate vice president and president of enterprise services at Northrop.

On May 22nd, the State Department announced Northrop won a $434.2 million award for updates to its ConsularOne program, used to process visas, passports and emergency services for U.S. nationals abroad. The contract stipulates that Northrop provide a “user-friendly” website to facilitate self-service, a paperless workflow, standardized functions, operational scalability and integrated information. Northrop reported first quarter 2018 sales of $6.7 billion, an increase of 5 percent from first quarter 2017, and net earnings of $739 million, an increase of 14 percent during the same period last year.