Ramona Adams

Lockheed Awarded Potential $426M Contract for Aegis Combat System Support Work

Lockheed Martin (NYSE: LMT) has received a potential $426 million contract from the U.S. Navy to build and field the Aegis Weapon System and the integrated Aegis Combat System on three of the military branch’s Arleigh Burke-class destroyer ships. The Defense Department said Friday that Lockheed will provide follow-on support services  for USS …

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DynCorp to Continue Navy Trainer Aircraft Logistics, Maintenance Services Under $107M Modification

DynCorp International has been awarded a $107.2 million contract modification by the U.S. Navy to continue to provide trainer aircraft logistics support services for the Chief of Naval Air Training. The Defense Department said Friday the modification also covers organizational, intermediate and depot-level maintenance work on the Navy’s T-34, T-44 and T-6 aircraft platforms. Work will occur at …

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Physical Optics to Supply Aircraft Data Transfer System Components Under $76M Navy Contract

Physical Optics Corp. has been awarded a potential five-year, $76 million contract by the U.S. Navy to provide data transfer system components for the UH-1Y, AH-1Z, MH-60R, MH-60S and H-53K aircraft platforms. The Defense Department said Thursday that POC will also deliver Advanced Data Transfer System components to Australia, Denmark and Saudi Arabia through the foreign military sales program. …

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Raytheon Receives $63M AESA Radar Tech Order for Navy Super Hornet, Growler Jets

Raytheon (NYSE: RTN) has received a $63 million order to produce and deliver 18 AN/APG-79 active electronically scanned array radars for the U.S. Navy ‘s F/A-18E/F Super Hornet and EA-18G Growler jets. The Defense Department said Thursday that Raytheon will also supply two AN/APG-79 AESA radars to support AESA configuration D upgrade tests and one AN/APG-79 radar to Australia under a foreign military …

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CHELCO to Manage Eglin Air Base’s Electric Distribution System Under $360M DLA Contract

Choctawhatchee Electric Cooperative has won a 50-year, $360.4 million contract from the Defense Logistics Agency to operate and maintain an electric distribution system at Eglin Air Force Base in Florida. The Defense Department said Wednesday CHELCO will perform work through July 31, 2067, in support of the U.S. Air Force. DLA’s energy organization …

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DLA Awards Mylan Pharmaceuticals $121M Lidocaine Patch Supply Contract

Mylan Pharmaceuticals (Nasdaq: MYL) has won a potential $121.5 million contract from the Defense Logistics Agency to provide lidocaine 5 percent patch, a medicine designed for the treatment of post-herpetic neuralgia pain. Mylan will supply the medical product to the departments of Defense and Veterans Affairs as well as the Indian Health Services and Federal Bureau …

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OSI Systems Buys American Science & Engineering to Grow Security Tech Portfolio

Hawthorne, California-based OSI Systems (Nasdaq: OSIS) has bought inspection systems provider American Science and Engineering for approximately $269 million, or $37.00 per share in cash. The transaction adds AS&E’s screening technology platforms into OSI Systems’ portfolio of security offerings such as the Z Backscatter Van X-ray backscatter-based technology and the MINI Z portable backscatter-based inspection system,  OSI Systems …

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General Dynamics, Oceaneering to Continue Support for Navy Submarine Safety Program

The U.S. Navy has awarded contract modifications worth $86.6 million combined to General Dynamics‘ (NYSE: GD) Electric Boat subsidiary and Oceaneering International (NYSE: OII) to support safety efforts and material work on the military branch’s submarines. The Defense Department said Friday the contract covers support for Seawolf-class,  Los Angeles-class, Ohio-class and Virginia-class submarines as well …

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CGI President George Schindler to Add CEO Title; Serge Godin Comments

George Schindler, president and chief operating officer of CGI (NYSE: GIB), will assume a new dual role as president and CEO at the Montreal-based technology services contractor  beginning Oct. 1. Schindler will also join the company’s board of directors and succeed Michael Roach, who will continue to serve on the board after he retires …

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Charles Davis Named Strategy SVP for L3 Aerospace Systems Segment

Charles Davis, former president and CEO of Seabury Group’s global aerospace and defense consulting division, has joined L-3 Communications (NYSE: LLL) as senior vice president of strategy at the company’s aerospace systems segment. L-3 said Tuesday he will report to Mark Von Schwarz, president of L-3’s aerospace systems segment,  in his new position. “[Davis] brings operational expertise …

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