Lockheed Martin (NYSE:LMT) and Raytheon (NYSE:RTN) have been awarded contract modifications worth a combined $649.7 million to continue to build Paveway II laser-guided bombs for the U.S. Air Force. The modifications extend the work’s performance period for five years through July 27, 2023, the Defense Depart...
A Jacobs Engineering Group (NYSE: JEC) subsidiary has received potential five-year, $427.1 million contract from the U.S. Navy to deliver test and evaluation/training threat and target systems for the service branch’s warfighter training and debriefing systems. Jacobs Technology will also perform systems engineering ...
TYSONS CORNER, VA, May 4, 2016 ” Sikorsky, a subsidiary of Lockheed Martin (NYSE: LMT), has concluded the preliminary design review of the HH-60W Pave Hawk air vehicle under the Combat Rescue Helicopter program, ExecutiveBiz reported Tuesday. Lockheed said Monday the program will now proceed to air vehicle and logistics system detaile...
Dell and EMC (NYSE: EMC) have announced their integrated enterprise information technology company will do business as Dell Technologies once the process of their estimated $67 billion merger is complete. “Our vision is a strategically aligned family of businesses that brings together customers’ entire infra...
The merger of Leidos Holdings (NYSE: LDOS) with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business involves “one or two” contracts for systems engineering and technical assistance service work that has largely been spun out of the latter company, Leidos CEO Roger Krone told investors Tuesday. ...
TYSONS CORNER, VA, April 25, 2016 ” DigitalGlobe (NYSE: DGI) has selected Auracle Geospatial Science as a global information partner for the delivery of geospatial services in support of mineral exploration activities, ExecutiveBiz reported Friday. DigitalGlobe said Thursday the partnership will utilize its satellite spectral ser...
The U.S. Air Force does not want to publicly disclose the Long Range Strike Bomber contract’s value because the military service believes a disclosure may give adversaries a hint about the aircraft’s specifications, Bloomberg reported Wednesday. Randall Walden, director of the Air Force’s Rapid Capabilities Offi...
Congress could review the U.S. Air Force‘s and the Defense Department‘s independent cost estimates for the Long Range Strike Bomber program after the legislative branch’s research arm found Northrop Grumman‘s (NYSE: NOC) winning bid to be “substantially below” those projections,  Bloomberg reported Thursd...
A General Dynamics (NYSE: GD) business unit has received a potential five-year, $193 million contract from the U.S. Army to build penetrator bomb bodies and components. The Army Contracting Command awarded the indefinite-delivery/indefinite-quantity contract to General Dynamics Ordnance and Tactical Systems&nb...
The State Department has cleared a potential $386 million foreign military sale of GBU-39/B Small Diameter Bombs Increment 1 weapons and related equipment to Australia. The Defense Security Cooperation Agency said Wednesday the sale includes up to 2, 950 GBU-39/B bombs,  50 guided test vehicles equipped with inert fuze,...
