Latest News Mentioning U.S. Department of the Navy

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Progeny Systems has won a potential eight-year, $98M contract to help the U.S. Navy engineer systems. The contract has a $25.7M base value and would reach its potential value if the military service exercises all options, the Department of Defense said Tuesday....

Lockheed Martin (NYSE: LMT) has secured a potential five-year, $1.22B contract modification to produce Trident II D5 missiles and support deployed systems for the U.S. and U.K. navies. The modification has a base value of $494.9M and will reach its potential maximum dollar value if all options are exercised, the Department of Defense said Monday...

A Vigor Industrial subsidiary has won a potential two-year, $303.7M contract to modernize two Ticonderoga-class cruiser ships for the U.S. Navy. Vigor Marine will update, maintain and repair USS Chosin and USS Cape St. George systems under the firm-fixed-price contract, the Department of Defense said Friday....