Contract Awards

Federal contract spending reached $681B in fiscal year 2020 driven by budget increases for agencies within the Department of Defense and efforts to address the COVID-19 pandemic, Bloomberg Government reported Tuesday.

Lockheed Martin (NYSE: LMT) has received a potential five-year, $750M contract from the U.S. Navy to modernize and maintain Aegis Combat Systems for six customers under the foreign military sales program.

Lockheed Martin (NYSE: LMT) has been awarded a potential $4.93B contract modification by the U.S. Space Force to build, assemble, test and integrate three Next Generation Geosynchronous Earth-orbiting space vehicles.

The U.S. Navy has selected the H2O Guam joint venture for a potential $98M contract to repair and modernize Naval Base Guam's Lima Wharf and related structures.

U.S. Transportation Command has awarded Eastern Airlines a spot on a $284.9M firm-fixed-price contract vehicle for heavyweight government package delivery services to domestic and international locations.

Full Spectrum Operations has won a potential $142.2M contract from the U.S. Air Force to help the military service and the Missile Defense Agency maintain voice, data and video communication systems.

Naval Air Systems Command has awarded Lockheed Martin (NYSE: LMT) a $903.6M contract modification to obtain long-lead items, components and support services needed to build lot 16 F-35 jets for U.S. and international defense customers.

Boeing (NYSE: BA) has secured a $189.3M contract modification to procure kits, support equipment and contractor services for all-digital electronic warfare technology that will be integrated onto the U.S. Air Force's F-15 jets.

Al Larson Boat Shop, Epsilon Systems Solutions and Marine Group Boat Works have secured positions on a five-year, $144.7M contract to help the U.S. Navy maintain boats, service craft, lighterage and ancillary support equipment.

Naval Sea Systems Command has selected Thoma-Sea Marine Constructors for a potential $178M contract to design and build two ships for National Oceanic and Atmospheric Administration's oceanographic research.