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Anna Forrester

Joe North: Lockheed to Extend MK 41 Launch System Production for Navy

Lockheed Martin (NYSE: LMT) will continue to produce MK 41 Vertical Launch Systems and provide spare parts management services to the U.S. Navy through 2022 under a potential $356 million contract. The company said Monday the contract covers VLS launch control units and mechanical structure as well as final assembly, test and repair services, which the company will …

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Poland to Buy Lockheed Standoff Missiles for F-16 Fleet

The government of Poland has signed a contract to purchase Lockheed Martin‘s (NYSE: LMT) Joint Air-to-Surface Standoff Missiles, associated tools and training for the country’s F-16 aircraft fleet. Poland’s national defense ministry said Thursday the contract with the U.S. government includes tools to aid JASSM’s integration with the aircraft, pilot and ground …

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Army Issues Final RFP on Humvee-Replacement Vehicles

The U.S. Army is seeking proposals for the production of 17, 000 Joint Light Tactical Vehicles for the Army and U.S. Marine Corps under a potential firm-fixed-price contract, Defense News reported Friday. Joe Gould writes that Lockheed Martin (NYSE: LMT), AM General and Oshkosh Defense (NYSE: OSK) are among the companies that could submit proposals. …

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BAE to Support USS Bataan Dry-Docking Planned Maintenance Availability

BAE Systems‘ Norfolk Ship Repair segment will perform dry-docking planned maintenance availability services through November 2015 on the U.S. Navy‘s USS Bataan (LHD-5) ship under a $115 million contract modification. The Defense Department said Wednesday BAE will carry out depot-level maintenance, modifications and capability updates as part of USS Bataan’s fiscal 2015 DPMA. The Navy …

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Preferred Systems Solutions Buys Government Contract Solutions; Scott Goss Comments

Preferred Systems Solutions has looked to strengthen its intelligence, defense and civilian federal portfolios with its closed acquisition of Government Contract Solutions. PSS said Tuesday that GCS, a federal contracting service provider, has supported customers within the Department of Homeland Security and the intelligence community for 18 years. Scott Goss, PSS CEO, said the purchase aims …

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Lockheed Promotes Robert Rangel to SVP for Washington Ops; Marillyn Hewson Comments

Robert Rangel, vice president of Lockheed Martin (NYSE: LMT) programs and global security policy, will succeed Greg Dahlberg as the company’s senior vice president for Washington operations effective January 2015. Lockheed said Monday Rangel will lead engagement efforts with Congress, the Defense Department and other Washington-based federal agencies as well …

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Steven Russell Named Leidos Health Sales, Accounts SVP; Steve Comber Comments

Steven Russell, formerly senior vice president of corporate development at Quantros, has joined Leidos (NYSE: LDOS) as senior vice president for sales and strategic accounts at its health business unit. The company said Monday Russell will lead the sales and account management units and oversee business development, client relations and revenue generation. “With more than 20 …

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Navy Awards 6 Small Businesses Spots on $97M Military Health Support Contract

The U.S. Navy has awarded six companies positions on a 42-month, $96.7 million contract vehicle to provide physician services to several military health facilities in the U.S. Northeast region through September 2018. The Defense Department said Friday that BTL Technologies,  Loyal Source Government Services,  MD Consulting,  Vysnova Partners,  Washington Harris Group and Wisestaff can …

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Northrop Board OKs Additional $3B Stock Buyback Plan

Northrop Grumman (NYSE: NOC) will repurchase an additional $3 billion of its common stock following approval from the board of directors. The company said Thursday that further share repurchase transactions are subject to authorization from management as well as market conditions. The Wall Street Journal reported that Northrop plans to buy back 25 percent of its shares before …

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IARPA Taps IBM, Northrop, Raytheon BBN Teams for Cryogenic Computer Tech Program

The Intelligence Advanced Research Projects Activity has selected three industry teams to perform research and development work on a future energy-efficient superconducting computer as part of IARPA’s multi-year Cryogenic Computer Complexity program. The Office of the Director of National Intelligence said Wednesday that teams led by IBM, Northrop Grumman and Raytheon‘s BBN Technologies subsidiary received research …

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