The Defense Department has finalized a “unilateral contract” worth more than $6.1 billion to fund Lockheed Martin‘s (NYSE: LMT) low-rate initial production of 57 lot 9 F-35 fighter jets, Reuters reported Wednesday. Mike Stone writes the deal covers 42 F-35As for the U.S. Air Force, Japan, Israel a...
Military shipbuilder Huntington Ingalls Industries (NYSE: HII) has agreed to acquire government services contractor Camber Corp. for $380 million in a move to diversify revenue and add new information technology work with U.S. defense, intelligence and civilian agencies. Huntington Ingalls’ move for Camber comes in a year where other ...
The Defense Logistics Agency has awarded Fujifilm SonoSite a potential 10-year, $799.6 million contract for ultrasound machines, accessories and training support services. DLA received 27 offers for the firm-fixed-price, indefinite-delivery/indefinite-quantity contract through a competitive procurement, the Defense Department said Tuesday...
Bechtel‘s plant machinery organization will continue work on naval nuclear propulsion components for the U.S. Navy under a $532.4 million modification to a previously awarded contract. The Navy will obligate $520.5 million in fiscal 2017 shipbuilding and conversion funds at the time of award of the modification, the Defense...
Executive Mosaic’s GovCon Index closed in narrow range Tuesday despite a majority of the session in positive as declines by aerospace and defense primes offset gains by Harris Corp. (NYSE: HRS) on news of a pending divestiture and Engility Corp. (NYSE: EGL) after quarterly earnings that exceeded Wall Street’s expectations. GovC...
TYSONS CORNER, VA, Nov. 1, 2016 ” The U.S. Navy has awarded General Dynamics‘ (NYSE: GD) mission systems business an $18.9 million contract to support the design and development of an acoustic path exploitation system, ExecutiveBiz reported Monday. The company will deliver, design and build the hardware of the Deep Reliable Acoustic ...
The General Services Administration has awarded CACI International (NYSE: CACI) a potential five-year, $1.77 billion task order for analytical operations, intelligence and training support services to the Joint Improvised-Threat Defeat Organization. CACI will support JIDO’s global Focused Support/Decisive Effort that aims t...
Raytheon (NYSE: RTN) has received a potential $174.7 million contract from the Defense Advanced Research Projects Agency to perform research work under the second phase of the Hypersonic Air-breathing Weapon Concept program. DARPA announced the contract award under the HAWC program through a FedBizOpps notice published Monda...
Lockheed Martin (NYSE: LMT) has received a $536.4 contract modification from the U.S. Air Force to provide sustainment services for the military branch’s F-22 Raptor aircraft fleet. The Defense Department said Monday work will occur in Fort Worth, Texas through Dec. 31, 2017. The Air Force obligated $62 million in fiscal 2017 operati...
AAI, a subsidiary of Textron (NYSE: TXT), has secured a potential $206.6 million foreign military sales contract with the U.S. Army to perform logistics maintenance work on Shadow RQ-7B unmanned aerial systems for Australia. The Defense Department said Monday the Army Contracting Command received one bid for the cost-plus-fixed-fee co...
