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The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential three-year, $172.1M contract to manufacture a second batch of Long-Range Anti-Ship Missiles. Lockheed’s missiles and fire control business will build 50 lot 2 LRSMs for the military service at a contractor facility in Orlando, the Defense Department said...
TYSONS CORNER, VA, November 15, 2018 ” Boeing (NYSE: BA) will provide support to the U.S. Air Force‘s flight test, telemetry and termination program for the Minuteman III intercontinental ballistic missile system under a $70.5M modification to a previously awarded contract, ExecutiveBiz reported Wednesday. The Defense Department...
Lockheed Martin (NYSE: LMT) has secured a potential two-year, $382M contract to manufacture and deliver eight MH-60R Seahawk multimission helicopters to the U.S. Navy. The company will also provide program management and systems engineering services as part of the firm-fixed-price and cost-plus-fixed-fee contract, the Defense Department said We...
Three joint ventures and four independent companies have won spots on a potential five-year, $249M contract from the U.S. Navy to renovate, build or repair wet utilities at government-owned installations across Naval Facilities Engineering Command’s Southwest area of responsibility. Contractors will support projects related to steam, wastewate...
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...
