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Pratt & Whitney, DoD Agree on Lot 9 & 10 F-35 Propulsion Engine Production

A United Technologies Corp. (NYSE: UTX) subsidiary has reached an agreement with the Defense Department to produce lots 9 and 10 of F135 engines for the Lockheed Martin-built (NYSE: LMT) F-35 Lightning II aircraft. Pratt & Whitney will build 167 F135 low-rate initial production propulsion engines for the three F-35 variants and provide …

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Robert Leduc Appointed President of UTC’s Pratt & Whitney Unit; Gregory Hayes Comments

Robert Leduc, a 35-year veteran of United Technologies Corp. (NYSE: UTX), has been named president of UTC’s aircraft engine unit Pratt & Whitney. He will succeed Paul Adams, who has led the business since 2014 and will retire by the end of February after a 17-year career at UTC, the company said Thursday. Leduc is a former president …

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NASA Selects Orbital ATK, Sierra Nevada, SpaceX for Round 2 Space Station Resupply Contracts

NASA has awarded Orbital ATK (NYSE: OA), Sierra Nevada and SpaceX a second round of potential multi-billion dollar contracts to deliver cargo to and from the International Space Station through 2024 in support of efforts to end U.S. reliance on Russia for access to space by 2017, agency officials said …

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January 11 Market Close: GovCon Index Halves Losses in PM Recovery During Volatile US Session

The GovCon Index attempted a recovery from steep morning and midday losses as Monday’s closing bell approached after another volatile day for U.S. markets but ended at a loss of 0.531 points to 73.407. Both the GovCon Index and S&P 500 composite index were down a full percentage point in …

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John Urias to Retire as Oshkosh Defense President in February; Wilson Jones Comments

John Urias will retire on Feb. 6 as executive vice president of Oshkosh Corp. (NYSE: OSK) and president of the firm’s defense segment. President and CEO Wilson Jones will head the defense segment until the company finds a replacement for Urias, who cited family health matters as reason for his retirement, Oshkosh …

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January 5 Market Close: GovCon Index Rides Afternoon Surge to 1% Gain in Volatile Trade

The GovCon Index bounced wildly in and out of positive territory Tuesday morning and sharply rose in the afternoon session to close at a gain of 1.259 percent to 76.801. The S&P 500 composite index turned negative in the early afternoon session from a volatile morning period then swung again …

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BAE, Northrop to Develop RF Countermeasure Platforms for Air Force C-130J Fleet

The U.S. Special Operations Command has awarded BAE Systems and Northrop Grumman (NYSE: NOC) separate contracts worth a combined $52.8 million to develop radio frequency countermeasure platforms for integration with the U.S. Air Force’s MC-130J Commando II and AC-130J Ghostrider aircraft. BAE Systems said Monday it will develop the RFCM system …

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Roundup of 2015: A Year Defined by Deals Ends w/ One in Congress & more

Roundup of 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson (This is the last edition of the Roundup for 2015. Thank you for your readership and participation, have a great Christmas & New Year’s and see you again in 2016.) $15 …

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Sikorsky Gets $145M Saudi Arabia MH-60R Helicopter Contract Modification

Lockheed Martin (NYSE: LMT) unit Sikorsky will manufacture MH-60R Seahawk multimission helicopters for Saudi Arabia under a three-year, $145.1 million contract modification from the U.S. Army. The Defense Department said Thursday that Sikorsky will provide 10 green MH-60Rs to the Royal Saudi Navy through the U.S.’ foreign military sales program. …

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Reports: US Govt Approves $2B Sale of Frigates, Weapons to Taiwan

The State Department has cleared a potential $1.83 billion foreign military sales agreement for Taiwan to procure two Ferry-class guided missile frigates and associated weapons from the U.S., Reuters reported Wednesday. David Brunnstrom and Patricia Zengerle write the department identified Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) as primary …

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