TYSONS CORNER, VA, Oct. 27, 2016 ” A study conducted by Deloitte has found that the total cost overrun of major defense acquisition programs reached $468 billion in 2015 with a 48.3-percent growth from 2008’s $295 billion, ExecutiveBiz reported Tuesday. Deloitte said Monday the report found that there is a trend of cost growth and...
Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions from the company’...
The U.S. Navy has awarded BAE Systems Inc., the British contractor™s U.S. subsidiary, a potential $618.3 million contract for the full-rate production of precision laser-guided rocket systems. The indefinite-delivery/indefinite-quantity contract covers the supply of FRP lots 5 to 7 Advanced Precision Kill Weapon System II rounds to the Navy, Ma...
Leidos‘ (NYSE: LDOS) Abacus Innovations Australia subsidiary has secured an estimated $418.7 contract from Australia’s defense department to provide computer equipment and accessories as well as centralized processing services to the country’s chief information officer group, ARN reported Friday. Leon Spenc...
TYSONS CORNER, VA, Sept. 13, 2016 ” CSRA (NYSE: CSRA) will continue to deliver systems engineering and technical support to the Joint Integrated Air and Missile Defense Organization under a five-year, $53 million recompete contract, ExecutiveBiz reported Monday. The company said Monday its team of professionals will perform analysis, ...
Bill Toti, former president of the global defense segment at Cubic Corp. (NYSE: CUB), has joined Hewlett Packard Enterprise (NYSE: HPE) as vice president for defense and homeland security, GovCon Wire has learned. He will oversee HPE’s work with the departments of Defense, Homeland Security, Justice and State in hi...
The U.S. Army has awarded Northrop Grumman (NYSE: NOC) a potential $73 million contract to provide tactical support services for the military branch’s air and missile defense planning and control system. Northrop will perform engineering and technical services under the cost-plus-fixed-fee contract through Sept. 2...
The U.S. State Department has approved a potential $124.02 million sale of Mk-V Fast Patrol Boats and related equipment to Qatar under a foreign military sales agreement with United States Marine Inc. as the principal contractor. The Defense Security Cooperation Agency said Tuesday Qatar’s request also includes eight M...
TYSONS CORNER, VA, Aug. 22, 2016 ”Parsons has secured two “bridge” contracts worth a combined $48 million from the Missile Defense Agency to deliver advisory and support services for the agency’s Ballistic Missile Defense System and Space and Directed Energy programs, ExecutiveBiz reported Friday. The company will su...
Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), told CNBC in an interview aired Tuesday that he thinks that all U.S. presidents tend to act the same way when it comes to the country™s defense and security of its citizens. Krone made the comment in response to a question on the potential impacts of the change...
