The Committee on Foreign Investment in the U.S. has finalized its review of the proposed acquisition of Schaumburg, Illinois-based electromechanical technology company Sparton (NYSE: SPA) by U.K.-based defense and aerospace contractor Ultra Electronics. Ultra said Monday it signed a timing agreement with the Justice Department and tha...
Lockheed Martin (NYSE: LMT) has won a potential five-year, $80.6 million contract from the Missile Defense Agency to develop modified ballistic re-entry vehicle and separation modules. The Defense Department said Tuesday Lockheed’s space systems business will also manufacture, store and monitor the delivered modules, as well as mainta...
The Defense Department™s inspector general has said the U.S. Air Force developed a “comprehensive” risk management process and procurement strategy to support its $80 billion B-21 bomber aircraft program, Bloomberg reported Monday. DoD IG said in the redacted version of its audit report that the bomber program has œcl...
Lockheed Martin (NYSE: LMT) has landed a potential $122.3 million contract modification to continue to provide engineering services for the U.S. Navy‘s Technical Insertion 18-20 Acoustic Rapid Commercial Off-the-Shelf Insertion program. The Defense Department said Monday Lockheed’s rotary and mission systems unit will conduct work und...
The State Department has given Poland the green light to buy the third configuration of the Patriot missile system equipped with the Integrated Air and Missile Defense Battle Command System and related equipment from the U.S. government under a potential $10.5 billion foreign military sales agreement. Raytheon (NYSE: RTN), Lockheed Martin ...
Weekly Roundup November 13 – November 17 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson In recent weeks the GovCon community has experienced significant M&A and restructuring activity. Notable transactions include: H.I.G.™s purchase of WBB for an un...
TYSONS CORNER, VA, Nov. 17, 2017 ” Deloitte‘s consulting business will provide program management support to Defense Health Agency requirements managers working on the Military Health System under a potential $62.4 million contract, ExecutiveBiz reported Thursday. The Defense Department said Wednesday the company will ...
Lockheed Martin (NYSE:LMT) has received a $92.9 million modification from the U.S. Navy to provide engineering and interim logistics services for the Mobile User Objective System. The company will also supply spares and associated material in support of the MUOS military satellite communications system, the Defense Depa...
The Department of Veterans Affairs and Cerner (Nasdaq: CERN) are in the final phase of negotiations over the terms of a potential 10-year contract to build and deploy a new electronic health record system across 1,600 VA facilities and community health providers, Federal News Radio reported Wednesday. VA wants Congress to incorporate funds...
Four companies have won separate potential five-year contracts to provide engineering and technical support for the U.S. Navy™s command, control, communications, computers and intelligence systems and information technology platforms. The Space and Naval Warfare Systems Center Pacific received four offers for the cost-plus-fixed-fee contracts t...
