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Tag Archives: Boeing

June 10 Market Close: GovCon Index Down, Notches 4th Straight Weekly Gain Ahead of Fed’s Midweek Summit

The GovCon Index stumbled from the open Friday and closed down 0.551 points to 79.942 as investors continued to pull back from the GCI’s six-day prior rally and U.S. stock benchmark S&P 500’s three-day stretch of gains that ended Thursday. Despite Friday’s decline, the GCI ends the week up 1.20 percent …

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Army Taps Boeing for $667M Apache Helicopter FMS Contract With Qatar

Boeing (NYSE: BA) has received a potential four-year, $667.5 million contract from the U.S. Army to deliver 24 AH-64E Apache helicopters and related equipment to Qatar as part of a foreign military sales agreement. The company will perform work in Mesa, Arizona, through May 31, 2020, under the fixed-price-incentive contract and …

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June 6 Market Close: GovCon Index, US Stocks Rise on Janet Yellen’s Upbeat Economic Message

The GovCon Index kicked off the first full trading week of June on a positive note with a gain of 0.516 points to 79.534 as U.S. markets appeared unmoved by Federal Reserve Chair Janet Yellen’s hint at further interest rate increases this year. Yellen told an audience at the World Affairs Council …

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L-3 Unit Wins $1.9B USAF Contract for KC-10 Refueling Aircraft Logistics Support

A business unit of L-3 Communications (NYSE: LLL) has won a nine-year, $1.9 billion contract to provide contractor logistics support for Boeing-built (NYSE: BA) KC/KDC-10 in-air refueling aircraft flown by the U.S. Air Force. The Defense Department said Wednesday L-3’s Vertex Aerospace business will operate and maintain base supply, perform aircraft maintenance and manage service bulletins …

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Boeing Secures $3.2B AF Contract Modification to Supply Bomb-Guidance Kits

A Boeing (NYSE: BA) subsidiary has landed a potential $3.2 billion contract modification from the U.S. Air Force for Joint Direct Attack Munition tailkits. Boeing’s defense space and security business will supply JDAM strap-on inertial guidance tailkits designed to receive GPS guidance updates for conventional inventory bombs, the Defense Department said Tuesday. Air Force …

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ULA Lands $139M Modification on Atlas V Production Services Contract with USAF

United Launch Alliance has been awarded a $138.7 million contract modification to produce an Atlas V 541 launch vehicle system for the U.S. Air Force. The Defense Department said Tuesday the modification covers Atlas V rocket configuration and mission specific items for the service branch’s four previously ordered missions. ULA,  a joint venture of Boeing (NYSE: BA) and Lockheed Martin …

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May 31 Market Close: GCI Declines, Ends 4th Straight Month in Positive as New Tanker Delay Drags Boeing Shares

The GovCon Index posted a decline of 0.398 points to 78.106 Tuesday on losses by Boeing (NYSE: BA) and other large defense prime contractors but ended at a gain for May to record its fourth straight month of positive movement. The Index rose 2.523 percent for May and has climbed 7.763 percent …

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Report: NNSA’s Follow-on $3B Sandia Labs Support Program Draws 15 Firms, 4 Universities

Fifteen companies and four universities have shown interest in pursuing a potential 10-year, $2.9 billion contract for management services at the National Nuclear Security Administration‘s Sandia National Laboratories, the Albuquerque Journal reported May 18. Michael Coleman writes that Lockheed Martin (NYSE: LMT) subsidiary Sandia Corp.‘s current SNL support contract with NNSA is scheduled to expire April 2017. …

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The Telegraph: UK Eyes Boeing for $2.9B Apache Helicopter Contract

The U.K.’s ministry of defense could award a $2.9 billion contract for the purchase of 50 Apache helicopters to Boeing (NYSE: BA), The Telegraph reported Saturday. Alan Tovey writes MoD could issue the procurement and servicing contract to the U.S. company at the Royal International Air Tattoo military air show in July. “The Apache program …

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State Dept OKs Potential $420M F/A-18 Support FMS to Kuwait

The State Department has approved a possible $420 million foreign military sale of F/A-18 C/D support services and spares to Kuwait. The Defense Security Cooperation Agency said Thursday Kuwait’s request covers F/A-18 avionics software and engine component upgrades, ground support equipment, engine and aircraft spares and repair parts, publications and technical documentation, engineering change …

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