Lockheed Martin (NYSE: LMT) will receive approximately $1 billion in additional funds from the Defense Department after DoD decided to reimburse the company for production costs incurred on lot 9 of the F-35 Lightning II aircraft, Defense News reported Thursday. Valerie Insinna writes the F-35 joint program office will obligate funds for low-ra...
A Herndon Aerospace & Defense subsidiary has won a potential $108 million contract from the Defense Logistics Agency to provide industrial hardware for the U.S. Army‘s aircraft maintenance efforts. The contract contains four base years and two three-year options and was competitively procured with fi...
Raytheon (NYSE: RTN) has received a $132.4 million modification from the Missile Defense Agency that raises the ceiling value of a previously awarded contract for Ballistic Missile Defense System support services to approximately $1.1 billion. The Defense Department said Tuesday that Raytheon’s integrated defense systems un...
Executive Mosaic’s GovCon Index tumbled Thursday on large declines among defense prime companies as U.S. stocks traded lower on falling oil prices and mixed earnings reports among blue chips. The GovCon Index declined 0.694 points to 81.499 as none of the GCI’s 11 S&P 500-listed stocks closed at a ...
July 11 – July 15 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson   One of the world’s two largest airplane manufacturers is mulling acquisitions in the defense services arena that would continue a trend among prime contractors toward capability-based dea...
The Defense Contract Management Agency has awarded seven companies spots under a potential 10-year, $142 million contract to provide modernization and sustainment services for a system DCMA uses to administer defense contracts and contractor payments. The Defense Department said Friday awardees will vie for task orders ...
Raytheon (NYSE: RTN) has received a potential $197.3 million contract to build anti-ship missile defense systems for the U.S. Navy and foreign customers under an international cooperative program. The Defense Department said Thursday that Raytheon will design and test the Evolved Sea Sparrow missile design agent as well as provide in-servi...
Davis Defense Group has landed a potential five-year, $95 million contract from the U.S. Navy for professional services in support of the Marine Corps College of Distance Education and Training’s Distance Professional Military Education programs. The Defense Department said Tuesday DDG will provide CDET administrative,...
BCF Solutions has won a $109.7 million contract from the Missile Defense Agency to support the development and deployment of the agency’s Ballistic Missile Defense System. The company will provide technical, engineering, advisory and management services for the BMD program under the cost-plus-fixed-fee contract, the Defense...
Northrop Grumman (NYSE: NOC) has been awarded a 20-month, $600 million contract modification by the Missile Defense Agency to continue providing technical integration and operational support services for the U.S. ballistic missile defense system. The Defense Department said Tuesday the modification increases the contract’s total value&nbs...
