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Report: Lockheed Tops FY 2011 Defense Contracting Revenue

Lockheed Martin Corp. (NYSE: LMT) took the top spot for defense-based contracting revenue in fiscal year 2011, according to a Bloomberg Government analysis posted on Federal News Radio. Following the  Bethesda, Md.-based company was Boeing (NYSE: BA), General Dynamics (NYSE: GD), Raytheon (NYSE: RTN) and Northrop Grumman Corp. (NYSE: NOC). …

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Boeing Wins $368M To Update US, NATO E-3 Avionics

Boeing Co. (NYSE: BA) has won a $368 million engineering, manufacturing and development contract to update communications systems on U.S. and NATO aircraft. The company announced Wednesday it will design and modernize flight deck and avionics on the E-3 707 Airborne Warning and Control System fleet. Work will include integrating and …

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Report: Lockheed, SAIC Competing For $4.6B DISA Grid Net IDIQ

The Defense Information Systems Agency is looking to award its potential $4.6 billion network operations and management contract, Defense Systems reports. Lockheed Martin Corp. (NYSE: LMT) and SAIC Inc. (NYSE: SAI) are currently competing in final source selection bidding for the award, according to the report. The Global Information Grid …

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Former AF Acquisition Lead David Van Buren Joins L-3 as Business Strategy SVP

L-3 Communications (NYSE: LLL) has appointed David Van Buren to the newly-created position of senior vice president of business strategy, the company announced Wednesday. The former U.S. Air Force Senior Acquisition Executive will focus on the strategic execution of operating objectives such technical initiatives and adapting to new defense and …

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Bill Hoover Comments on American Systems $1.5B Navy Vessel Contract Spot

American Systems will help the Navy transfer the branch’s legacy vessels to foreign buyers as part of a potential $1.5 billion contract, the company announced Monday. President and CEO Bill Hoover said in a release that the company and a team of subcontractors will support the Naval Sea Systems Command’s …

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Report: General Dynamics May Partner with EADS on $1B DHS Bid

General Dynamics (NYSE: GD) may form a team with European aerospace and defense contractor EADS to bid on a potential $1 billion contract to help secure the U.S. border with Mexico, according to Reuters report. The report says current negotiations between the companies indicate General Dynamics would be the prime contractor and …

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Contractors to Start Transferring Vessels Abroad on Potential $1.5B Navy Contract

VSE Corp. and a team of contractors can now start working on a potential $1.5 billion foreign military sales contract with the U.S. Naval Sea Systems Command, Washington Technology reported. The contract, originally awarded in October 2011, has one base year worth $277 million and four one-year options. Team members …

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Navy Awards $97M Education Services Contract

The U.S. Navy awarded a contract potentially worth $97, 361, 843 for education training products and services, the Defense Department announced Wednesday. The cost-plus-fixed fee, firm-fixed price contract includes the base period and two one-year options. Contractors will provide training products and services to the Naval Education Training Command and the …

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Accenture Assembles Federal Business Advisory Board; Kay Kapoor Comments

Accenture (NYSE: ACN) has appointed five former federal officials to Accenture’s newly formed federal advisory board, Accenture announced Tuesday. Accenture said the board will meet quarterly and advise the company’s federal services unit on the federal market, industry trends and business strategies. Kay Kapoor, managing director of Accenture’s federal practice, …

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William Lynn Confirmed to be New DRS CEO

Italian aerospace and defense group Finmeccanica has confirmed that former Deputy Defense Secretary William Lynn has joined its DRS Technologies subsidiary as chairman and CEO. The company announced Lynn will succeed current Chairman and CEO Mark Newman, who is retiring. Prior to joining DRS, Lynn served as deputy defense secretary …

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