Matthew Pfrommer, who joined Cubic (NYSE: CUB) last year, has been appointed vice president of strategic capabilities at the company’s mission solutions business. He will aim to implement business strategies, establish a CMS innovation center and identify new growth opportunities through technology development efforts in his new...
Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $22.71B contract modification to build and deliver 255 lot 12 F-35 aircraft to domestic and international military clients. The U.S. Navy awarded the modification for the company to manufacture 106 F-35 units for the U.S. military; 89 units for non-Defense Department users;...
TYSONS CORNER, VA, November 13, 2018 ” A business unit of KBR (NYSE: KBR) will continue its support for a U.S. Navy facility in the British Indian Ocean Territory atoll known as Diego Garcia under a $62M contract modification, ExecutiveBiz reported Monday. The Defense Department said Friday the modification exercises the first option ...
A report by consulting firm McAleese & Associates says investors should expect the defense budget for fiscal years 2020 and 2021 at a range of $700B to $716B per year. Jim McAleese, founder and principal at McAleese & Associates, wrote in the report that the Pentagon™s overall budget in FY 2019 demonstrates a 13 percent rise f...
Consulting firm McAleese & Associates has issued a report saying Huntington Ingalls Industries (NYSE: HII) is œecstatic about the Bipartisan Budget Act™s shipbuilding funds for fiscal years 2018 and 2019. œ[W]e are in a great spot because ships have been authorized and appropriated in the 2018-2019 window, which takes a lot o...
Perspecta (NYSE: PRSP) has secured an eight-month, $486M contract modification to extend information technology support services under the Department of the Navy™s Next Generation Enterprise Network program. Space and Naval Warfare Systems Command issued the modification to extend a previously awarded indefinite-delivery/indefinite-qu...
Science Applications International Corp. (NYSE: SAIC) has won a potential $900.3M contract to provide supply chain management services for the Defense Logistics Agency‘s Global Tire Program. DLA received two responses for the contract that has five base years, followed by two two-year options and an additional four two-month options,...
AECOM™s (NYSE: ACM) energy and construction business has received a potential $117.3M contract from the U.S. Army to support rehabilitation of the LaGrange Lock and Dam complex in Illinois. The company will provide temporary facilities, remove and replace horizontal concrete and perform lock chamber protection and dewatering services as part of...
Charles Stark Draper Laboratory has received a $109.5M contract modification to support the U.S. Navy™s research into hypersonic guidance technologies for the common missile compartment of U.S. Columbia-class and U.K. Dreadnought-class submarines. The Defense Department said Friday Draper will also provide technical and engineering se...
Ball Aerospace and Technologies has received a $255.4M firm-fixed-price contract modification to continue development and fabrication work for the U.S. Air Force‘s Weather System Follow-on Microwave program for a low-Earth orbit satellite. The modification is the result of an exercised option and raises the contract‘s cumulative value to...
