Search Results for: Bloomberg Government

Bloomberg Government: Navy Plans $12.6B Contract Vehicle for Aircraft Support Services

The U.S. Navy looks to consolidate as many as 15 contracts for aircraft maintenance and logistics support services into a potential seven-year, $12.6 billion contract vehicle, Bloomberg Government reported Monday. A pre-solicitation conference on the Contracted Maintenance, Modification, Aircrew and Related Services program is scheduled to take place in California, …

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Bloomberg Government: Army Extends ITES-2S Contracts Through April 2020

The U.S. Army has informed 15 contractors about two-year extensions for the current set of Information Technology Enterprise Solutions–2 Services contracts, Bloomberg Government reported Thursday. A justification and approval notice says the Army seeks to prevent a disruption to the military branch’s strategic sourcing efforts as it works to finalize …

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Bloomberg: GAO Issues Declassified Version of Air Force Bomber Contract Award Protest Decision

The Government Accountability Office has said that Northrop Grumman’s (NYSE: NOC) proposal for the U.S. Air Force’s Long Range Strike Bomber program held “significant structural advantages” over a bid by the team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), Bloomberg reported Wednesday. Anthony Capaccio and Julie Johnsson write GAO made …

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Bloomberg: USAF Expects Sept. Release of GAO’s ‘Declassified’ Bomber Contract Bid Protest Ruling Documents

The U.S. Air Force could finish a declassified copy of the Government Accountability Office‘s decision to uphold the military branch’s selection of Northrop Grumman (NYSE: NOC) over a Boeing (NYSE: BA)-Lockheed Martin (NYSE: LMT) team for the Long Range Strike Bomber program around late September, Bloomberg reported Wednesday. Anthony Capaccio writes the Air Force will redact GAO’s findings in the …

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Bloomberg: Veritas Capital in Lead to Buy Airbus Maintenance, Repair Business

New York City-based private equity firm Veritas Capital has emerged as the leading bidder to purchase Airbus Group’s Vector Aerospace aircraft maintenance and repair business, Bloomberg reported Friday. Kiel Porter and Scott Deveau write Veritas might combine Vector with StandardAero — an aircraft services company the investment firm acquired in July 2015 for $2.1 billion. Airbus could …

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Bloomberg: DHS Upholds $1B Cyber Contract Award to Raytheon

A spokesman for the Department of Homeland Security said DHS upheld its decision on June 2 to award a potential $1 billion cyber system support contract to Raytheon (NYSE: RTN) following protests by other contract competitors, Bloomberg reported Tuesday. Jack Harrington, vice president for cybersecurity and special missions at Raytheon’s intelligence, information …

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Bloomberg: Air Force’s Randall Walden Cites ‘Correlation’ Between LRSB Aircraft Cost, Capacity

The U.S. Air Force does not want to publicly disclose the Long Range Strike Bomber contract’s value because the military service believes a disclosure may give adversaries a hint about the aircraft’s specifications, Bloomberg reported Wednesday. Randall Walden, director of the Air Force’s Rapid Capabilities Office, told Sen. John McCain in a letter obtained by …

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Bloomberg: CRS Finds Northrop Bomber Bid ‘Substantially Below’ Air Force-DoD Cost Estimates

Congress could review the U.S. Air Force‘s and the Defense Department‘s independent cost estimates for the Long Range Strike Bomber program after the legislative branch’s research arm found Northrop Grumman‘s (NYSE: NOC) winning bid to be “substantially below” those projections,  Bloomberg reported Thursday. According to the story by Anthony Capaccio, Bloomberg obtained an 18-page assessment …

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Bloomberg: Investment Firms Bid on Airbus’ Defense Electronics Business

Airbus Group has received initial acquisition bids for its defense sensor and border security technology assets from private equity companies Blackstone, Carlyle Group and KKR & Co., Bloomberg reported Tuesday. Military technology firms Thales and Rheinmetall are also interested in acquiring the portfolio that generated approximately $1.2 billion in revenue during Airbus’ …

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