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...
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...
