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...
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 ...
