Lockheed Martin™s (NYSE: LMT) Sikorsky subsidiary has received a potential four-year, $232 million contract modification from the U.S. Navy to provide two CH-53K helicopters designed to operate as system demonstration test article aircraft. Work under the cost-plus-incentive-fee contract modification will occur in various locations wi...
The U.S. Navy has awarded a $43.4 million contract to Boeing (NYSE: BA) and a $43.6 million contract to Lockheed Martin (NYSE: LMT) to provide risk reduction measures for the military branch’s first carrier unmanned aerial vehicle program. Boeing and Lockheed will also refine concepts and develop trade space models to support re...
TYSONS CORNER, VA, Sept. 23, 2016 ” The U.S. and India are close to reaching a deal to jointly manufacture the Javelin anti-tank guided missile technology, ExecutiveBiz reported Thursday. Defense News reported Wednesday that Javelin Joint Ventures, a Lockheed Martin (NYSE: LMT)-Raytheon (NYSE: RTN) joint ventu...
TYSONS CORNER, VA, Sept. 23, 2016 ” Kurt Amend, who joined Raytheon (NYSE: RTN) in 2011, has been appointed to succeed the retiring Lou Laroche as president of the company’s operations in Saudi Arabia, GovConExecutive reported Thursday. Amend previously served as vice president of foreign policy and national sec...
General Dynamics (NYSE: GD) will move to establish a new corporate headquarters on a 21-acre property in Reston, Virginia after the Fairfax County Board of Supervisors approved the aerospace and defense contractor’s development plan. Fairfax County said Thursday that General Dynamics plans to move 175 employees from the cur...
DRS Technologies has won a potential five-year, $339.3 million contract from the U.S. Army to support the military service’s Joint Effects Targeting System initiative. The Army Contracting Command received two offers for the firm-fixed-price contract and will determine performance location with each order, the Defense Department said...
Torch Technologies has won a potential five-year, $62.8 million contract to provide advisory and assistance services for the Missile Defense Agency™s test provisioning process. The company will perform engineering support for flight and ground tests, test infrastructure and advance technology under the cost-plus-fixed-fee contrac...
TYSONS CORNER, VA, Sept. 22, 2016 ” Chris Pehrson, senior director of strategic development at General Atomics‘ aeronautical systems business, has said unmanned aerial vehicles should have added functionalities to support mission reassignment, ExecutiveBiz reported Wednesday. Pehrson was one of the participants in a discussion of the...
Mark Benjamin, a 24-year veteran of human resources management firm Automatic Data Processing (Nasdaq: ADP), has been named president and chief operating officer of Georgia-based consumer transaction technology provider NCR (NYSE: NCR). He will report directly to NCR Chairman and CEO Bill Nuti and be responsible for the company’...
Lockheed Martin (NYSE: LMT) has received a potential $395 million contract modification to build the ninth and 10th Global Positioning System III space vehicles for the U.S. Air Force. The Air Force exercised an option in a previously awarded GPS III production contract and obligated $373.4 million for the modification from the military branch&...
