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Northrop Grumman Corp. (NYSE: NOC) released its second quarter 2011 financial results on July 27. The company reported earnings of $520 million from continuing operations, or $1.81 per diluted share. The company received a tax benefit of $298 million, or $0.98 per diluted share, in the second quarter of 2010 when it generated $740 million of ea...

General Dynamics (NYSE: GD) has been added to a $1.33 billion Defense Department contract that will supply Egypt with 125 armed Abram battle tanks. Thirty-five contractors will manage the production and fielding program in Egypt for up to three years. Honeywell International Inc. (NYSE: HON), which makes the tank engines, and Allison Transmissio...

The U.S. Defense Department¬†has selected¬†PAE¬†as a prime awardee on the U.S. Army‘s heavy lift seven contract, which has a $900 million ceiling. Awardees will provide transportation and logistics services for military equipment and personnel throughout U.S. Army Central Command. PAE will provide personnel, equipment, tools, materials and sup...

The U.S.¬†General Services Administration¬†has added Northrop Grumman (NYSE: NOC)¬†to¬†a five-year indefinite-quantity/indefinite-delivery¬†contract with an estimated $300 million ceiling. Northrop and two other companies¬†will¬†perform engineering services in¬†support of¬†the Defense Department‘s worldwide civil engineering mission. GSA award...

The Defense Department has placed $16 million in orders with Harris Corporation (NYSE: HRS) for tactical communication systems and radios. The orders will provide ground forces with expanded interoperable voice and high-bandwidth data communications. The orders are for: AN/PRC-117G multiband manpack radio Falcon III AN/PRC-152(C) multiband handheld...

DRS Technical Services announced its Global Enterprise Solutions unit has been awarded two task orders from the Defense Information Systems Agency. The awards, valued at $48 million, require DRS to provide a package of managed services including remote terminals, high-speed modems with advanced coding, ground stations and fiber connectivity, among m...

The Defense Department announced BAE Systems Ordnance System in Kingsport, Tenn., was awarded May 12 a $10 million contract to provide propellants for the Army. Bids for the $10, 062, 500 firm-fixed-price contract was solicited via the Internet; two bids were received. Work will be performed in Radford, Va. The U.S. Army Contracting Command in...

According to the Department of Defense, “L-3 Communication (NYSE: LLL) was awarded a $32, 010, 002 modification to a previously awarded fixed-price-incentive contract (N00019-09-C-0059) to exercise an option for the procurement of hardware for the common data link Hawklink system for the MH-60R helicopter, including the manufacture, test, and ...

According to the Department of Defense, “Boeing (NYSE: BA) was awarded a $10, 227, 879 contract modification which will increase the ceiling on contract line item number (CLIN 0020 and CLIN 0021) and revise the statement of objectives for the Family of Advanced Beyond Line of Sight Terminals Program through Sept. 30, 2013.¬† At this...

According to the Department of Defense, “Northrop Grumman (NYSE: NOC) was awarded a $6, 849, 648 cost-plus-fixed-fee contract.¬† The award will provide for operations, maintenance and repair support services at Fort Hood, Texas.¬† Work will be performed in Fort Hood, Texas, with an estimated completion date of Aug. 31, 2011.¬† One bid was soli...