A new McAleese & Associates report says Northrop Grumman (NYSE: NOC) saw its sales rise 22 percent to $8.2B in the first quarter of 2019 and recorded a sector operating profit growth of 27 percent. Jim McAleese, founder and principal of McAleese & Associates and a 2019 Wash100 winner, wrote the Falls Church, Va.-based def...
Raytheon (NYSE: RTN) has received a $419M contract modification to produce AIM-9X Sidewinder all up rounds for the U.S. Navy and U.S. Air Force as well as 24 countries under the foreign military sales program. The modification exercises an option under a previously awarded fixed-price-incentive-firm contract and covers lot 19 production of Block II ...
Boeing (NYSE: BA) has received a potential 10-year, $5.70B contract to help the U.S. Air Force address combat capability requirements for the KC-46 Pegasus tanker. The indefinite-delivery/indefinite-quantity contract covers a range of post-production air vehicle requirements directed by KC-46 operators and mandated by the Federal Aviation Administra...
Lockheed Martin (NYSE: LMT) has secured a potential $1.14B contract from the U.S. Navy to provide sustainment services for the F-35 Lightning II program. Work under the cost share contract includes supply chain management, ground maintenance, depot activation, action request resolution and health management implementation, the Department of Defense ...
Boeing (NYSE: BA) has received a $127.6M contract modification from the U.S. Air Force to obtain materials needed to consolidate and replace B61 bomb variants in the country’s nuclear stockpile. The modification would initiate an an undefinitized contract action for the first two lots of long lead items for the B61-12 Life Extension Program&nb...
Raytheon (NYSE: RTN) has received a $94.2M contract modification to manufacture DAS4 targeting systems for the U.S. Air Force and the Netherlands. The company will provide an additional 54 new AN/DAS4 Model B MultiSpectral Targeting System turrets and convert one turret unit into the DAS1A configuration, the Department o...
Consulting firm McAleese & Associates has issued a report on key takeaways from the testimonies of Department of Defense and Air Force officials at a Senate Armed Services Committee hearing held Thursday. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 recipient, wrote in the report that the Senate hearin...
Pratt & Whitney, a subsidiary of United Technologies Corp. (NYSE: UTX), has secured a three-year, $201.9M contract modification from the U.S. Navy to obtain long lead parts and materials needed to produce lot 14 propulsion systems for the F-35 aircraft. The modification combines orders from the Navy, Air Force, Marine Corps, non-U.S. Department ...
The Potomac Officers Club hosted the 2019 Data Management Forum on Wednesday to gather the GovCon leaders from the public and private sectors to discuss the challenges surrounding data management for federal agencies. Following an informative keynote address from Michael Conlin, chief data officer of the Department of Defense, an expert panel took t...
The American Council for Technology – Industry Advisory Council announced on Thursday that David M. Wennergren has been named chief executive officer, effective May 13th. Ellen Glover, former IAC Chair, led a search committee to recommend the best candidate for the position. Wennergren was selected from a large pool of candidates after an extr...
