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Tag Archives: business news

Financial Announcement from Northrop Grumman

Northrop Grumman (NYSE: NOC) will announce its first quarter 2011 financial results on April 27, 2011. The firm will also hold a conference call that morning at 11:30 EDT with CEO Wes Bush and CFO Jim Palmer.  A webcast will be carried at northropgrumman.com

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Lockheed CEO Stevens: Normal Employee Pay During Shutdown

If the federal government indeed shuts down, Lockheed Martin (NYSE: LMT) CEO Robert Stevens indicated his firm would continue with business as usual. “If the government does shut down, you can rest assured that we will continue to conduct business with a constancy of purpose, a steadfast commitment to you, …

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Full Speed Ahead: Boeing Inks Dual AF Mods Worth Over $300 Million

According to Department of Defense, “Boeing (NYSE: BA) is being awarded a $271, 216, 410 cost-plus-award-fee contract modification for the new estimated cost completion of the family of beyond the line of sight terminals and provides increment funding aligned with Continuing Resolution authority.  Work will be performed at Huntington Beach, …

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BAE Systems Snags USMC Deal

According to the Department of Defense, “BAE Systems is being awarded an $11, 363, 623 firm-fixed-priced modification to previously awarded delivery order #0011 under existing contract (M67854-07-D-5025) for the purchase of outside United States  field service representative support (FSR) for the installation of the independent suspension kits and engineering change …

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Sikorsky Secures Navy Deal

According to the Department of Defense, “Sikorsky Aircraft is being awarded a $7, 073, 193 firm-fixed-price modification to a previously awarded indefinite-delivery/ indefinite-quantity contract (N00019-07-D-0004) to exercise an option for the fiscal 2011 VH-60N executive helicopter special progressive aircraft rework, including vendor repairables and component overhaul.  Work will be performed …

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Lockheed Martin Inks MDA Contract

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) a cost-plus-incentive-fee/cost-plus-award-fee modification with technical/schedule performance incentives for a total value of $34, 417, 462 under Missile Defense Agency contract HQ0276-10-C-0001.  The modification accounts for schedule and within scope adjustments to Aegis Ballistic Missile Defense Baseline 4.0.1 development and multi-mission …

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Alion Books NAVAIR Work

Alion claimed a two-year, $6.6 million deal from the Naval Air Systems Command to support Multi-Mission Helicopter Program Management Activity. The firm will handle a number of tasks for current and future Foreign Military Sales of the Seahawk Helicopters. “The Seahawk helicopter platform is used by the U.S. and our …

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Raytheon’s SLAMRAAM Passes Test

Raytheon’s (NYSE: RTN) Surface Launched Advanced Medium Range Air-to-Air Missile system, or SLAMRAAM, successfully destroyed an unmanned aerial vehicle target and intercepted a cruise missile target at a facility in the southwestern United States. According to the firm, “the limited user test-firing data will be used to validate key system …

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NGC Awards $54K in Scholarships to CyberPatriot Winners; Linda Mills Comments

As sponsor of the Air Force Association’s CyberPatriot program, Northrop Grumman (NYSE:NOC) awarded $54, 000 in scholarships to 36 students on the winning teams of the National Finals Competition. “We congratulate all the students who participated in the CyberPatriot program and hope that each of them gained an appreciation for …

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Lockheed Product Wins 2011 Edison Award

Lockheed Martin (NYSE: LMT) was awarded a 2011 Edison Best New Product Award for its MONAX 3G wireless communications system. “The Edison Awards are presented annually to innovative companies for products and services, and to business leaders to symbolize the persistence and excellence personified by Thomas Alva Edison, inspiring America’s …

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