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Financial Report

SAIC and General Atomics Pioneer Biofuels With $35 Million in DARPA Contracts

In December, DARPA awarded a $15 million contract to Science Applications International Corporation (SAIC), as well as a $20 million contract to General Atomics,  asking the companies to find a biofuel surrogate for JP-8 — the petroleum-based fuel for military jets.  Lab tests and smaller-scale experiments have shown that algae oil …

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Lockheed Martin Wins $7 Million Japanese Aegis Modernization Contract Modification

Lockheed Martin has received a $7 million modification to Japan’s Aegis Modernization Lifetime Support efforts for Kongo and Atago class ships under the U.S. Foreign Military Sales Program.  This modification includes options which if exercised would increase the cumulative value of the contract by $41 million.  Lockheed Martin will provide …

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Lockheed Martin Wins $441.9 Million Modification to F-35 Contract

Lockheed Martin Corp has won a $441.9 million modification to its U.S. Navy F-35 fighter contract, according to the Pentagon.  The modification changes an initial low-rate production “advance acquisition” contract to a “cost-plus-incentive-fee/award-fee contract” that compensates a contractor in a way that equals its expenses plus a profit.  The stealth-enabled F-35 fighter jet is in …

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Perot Systems Subsidiary QSS Group wins $37 Million Army Contract

Perot Systems Corporation has announced that its subsidiary, the QSS Group, Inc., has won an Army contract worth $37 million over three years. Perot Systems, with team members Harris IT Services and General Dynamics Information Technology, has provided IT infrastructure and consolidation support services to Army base Ft. Monmouth for two …

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SAIC, FGM and Booz Allen Hamilton Win Navy NECC Contracts Totaling $172.3 Million

Science Applications International Corp. (SAIC), FGM Inc. and Booz Allen Hamilton Inc., have won Navy Net-Enabled Command Capability  (NECC) contracts totaling $172.3 million. The three contractors will compete for indefinite-delivery/indefinite-quantity (ID/IQ) task orders to provide systems engineering support to the Defense Information Systems Agency (DISA) during the two-year contract period, which …

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