Data Link Solutions, ViaSat Awarded $483M in Contract Funds to Update Navy Radio Systems

The U.S. Navy has awarded separate contract modifications to Data Link Solutions and ViaSat (Nasdaq: VSAT) to continue support work on the service’s Multifunctional Information Distribution System Joint Tactical Radio Systems program.

Data Link Solutions, a joint venture between BAE Systems and Rockwell Collins (NYSE: COL), will conduct MIDS JTRS modernization efforts under a $386.9M modification while ViaSat will perform upgrades for $96.2M, the Defense Department said Tuesday.

The modifications will raise the ceiling of the companies’ existing contracts, which were awarded in 2015, to $990M for Data Link Solutions and $698.2M for ViaSat.

The contracts combine purchases for the Navy, U.S. Air Force, MIDS Program Office, governments of various foreign countries and all NATO nations under the Foreign Military Sales program.

Both companies are scheduled to complete services under their latest awards by June 15, 2020.

You may also be interested in...

Fluor

Fluor Subsidiary Gets $1.1B Modification on US Naval Nuclear Propulsion Support Contract

A subsidiary of Fluor (NYSE: FLR) will continue its support work on propulsion systems that power U.S. Navy submarines and aircraft carriers under a one-year, $1.12B contract modification. Fluor Marine Propulsion will continue services at the Naval Nuclear Laboratory through the government's 2021 fiscal year, the Department of Defense said Wednesday.

Mac Curtis Chairman and CEO Perspecta

Perspecta Announced as Military Bowl Presenting Sponsor; Mac Curtis Quoted

The Military Bowl Foundation has named Perspecta (NYSE: PRSP) as the presenting sponsor for the next three years of its college football post-season bowl game.