The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $743.2 million modification under a previously awarded advance acquisition contract for the ninth batch of F-35 fighters. The Defense Department said Monday the modification allocates additional funds to address diminishing manufacturing and material shortages for redesign and development...
ERAPSCO, a joint venture of Sparton Corp. (NYSE: SPA) and Ultra Electronics, has received a $203.7 million contract modification to produce additional sonobuoys for the U.S. Navy. The modification exercises an option on a previously awarded indefinite-delivery/indefinite-quantity contract and covers the procurement of up to 6, 000 AN/...
TYSONS CORNER, VA, Oct. 17, 2016 ” Lockheed Martin (NYSE: LMT) will provide a gap-filler radar system to Jordan under a potential $41.6 million foreign military sales deal through the U.S. Air Force, ExecutiveBiz reported Friday. The Defense Department said Thursday the contract also covers the supply of two new lo...
Intrepid Solutions and Services has won a potential six-year, $45.4 million contract from the U.S. Air Force to provide information technology support services to the National Air and Space Intelligence Center. The Defense Department said Friday that Intrepid will help NASIC maintain, update and operate the facility’s...
Executive Mosaic’s GovCon Index held flat Friday despite gains in the larger U.S. stock market on positive bank earnings reports and Federal Reserve Chair Janet Yellen’s comment that the country may be able to handle a “high pressure” economy with a tight labor market. Friday’s gain wa...
The State Department has approved Kuwait™s request to buy gap-filler radars and related support from the U.S. government under a potential $194 million foreign military sales agreement. Kuwait asked to procure six gap-filler or short-range radars and a long-range radar as well as services to support updates to the AN/FPS 117 (V)3 long...
Executive Mosaic’s GovCon Index pared much of its losses during afternoon trade Thursday but failed to close in green as Cubic Corp. (NYSE: CUB) tumbled after the company warned full-year earnings and revenue would fall below prior guidance on funding delays from the Defense Department. GovCon Index gainers slightly edged laggers aft...
Damian DiPippa, a former vice president at Engility Corp. (NYSE: EGL), has joined ManTech International (Nasdaq: MANT) as senior VP and general manager of mission and intelligence solutions and will oversee efforts to augment the company’s managed service models. ManTech said Wednesday DiPippa will also supervise the contractor&...
The Boston Consulting Group has appointed Brad Carson, former acting undersecretary for personnel and readiness at the Defense Department, as senior adviser and named Trent Reasons, former director of analysis at the Treasury Department, as associate director. BCG said Tuesday Carson will support the management consult...
The U.S. Navy has awarded Ultra Electronics 3eTI a potential four-year, $82 million contract to continue to provide platforms designed to monitor and control the service branch™s critical infrastructure. The cost-plus-fixed-fee contract has a one-year base term valued at approximately $48.5 million and covers endpoint security, industrial contr...
