Northrop Grumman (NYSE: NOC) has secured a $197.5 million contract from the U.S. Navy for the full rate production of 56,000 FMU-139D/B bomb tactical electronic fuze systems. The Department of Defense said Tuesday the firm-fixed-price, indefinite-delivery/indefinite-quantity contract also covers 500 FMU-139D/B fuze accessory kits, 50 FMU-139D(D-1)/B...
RTI International and the Department of Defense have signed a cooperative agreement for the former to continue overseeing the Defense Science, Technology, Engineering and Mathematics Education Consortium, or DSEC. The nonprofit research institute said Thursday the potential 10-year, $190 million deal is intended to boost STEM education among K-16 st...
Executive Mosaic’s GovCon Index recorded gains from Tuesday to Friday, ending the week at a record high of $5,538.65. Besides the 2.39% week-on-week gain, the index tracking the stock performances of 30 major government contractors registered a third straight winning week in August and a 4.74% month-on-month gain. Wall Street’s maj...
The State Department has approved a potential $224 million foreign military sale to the Netherlands of Patriot M903 launching stations and related equipment. The Defense Security Cooperation Agency said Thursday the Netherlands requested to purchase two new production launching stations along with equipment and services needed to upgrade existi...
A joint venture of Lockheed Martin (NYSE: LMT) and RTX‘s (NYSE: RTX) Raytheon business has received a potential $1.3 billion follow-on contract from the U.S. Army to produce Javelin missiles and supply related equipment and services for the military branch. The companies said in a joint release published Thursday the follow-on award is part of...
Jason Kim, a more than 20-year aerospace and defense industry veteran, will take on the position of CEO of Firefly Aerospace, a portfolio company of AE Industrial Partners, on Oct. 1. In this capacity, he will oversee a team of more than 700 employees as Firefly prepares to launch its Alpha rocket, Blue Ghost lunar...
Booz Allen Hamilton (NYSE: BAH) has secured a potential $1.2 billion task order from the Department of Homeland Security to provide cybersecurity tools and related services for 13 government agencies. The company said Thursday the three-year award in support of the Cybersecurity Infrastructure Security Agency’s Continuous Diagnostics and Mitigatio...
Justin Swearingen was elevated to the role of vice president of Navy surface and aviation solutions at Science Applications International Corp. (Nasdaq: SAIC), according to the executive’s LinkedIn announcement. He previously served as director of business development for naval aviation at SAIC. SAIC is the lead platinum sponsor of the Potomac...
BAE Systems‘ San Diego Ship Repair business has received a potential $225.6 million contract modification from the U.S. Navy to repair, maintain and upgrade an Arleigh Burke-class guided-missile destroyer. Work on the USS Halsey (DDG 97) Fiscal 2024 Depot Modernization Period will be conducted in San Diego, California, until April 2026. the De...
Marc Allen, a nearly two-decade Boeing (NYSE: BA) veteran, has joined aerospace company Electra as CEO. Allen will succeed John Langford, founder and former Electra CEO who will remain as chairman of the company, Electra said Thursday. Previously, Allen served as chief strategy officer and senior vice president for strategy and corporate development...
