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McAleese & Associates: General Dynamics Projects 2019 CapEx to Rise to $1.2B Driven by Submarine Programs

A new report by consulting firm McAleese & Associates says General Dynamics (NYSE: GD) posted $36.2B in full-year 2018 sales, up 17 percent from the previous year. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that the increase was primarily driven by $3.7B in …

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Gryphon Lands $76M Contract to Provide Engineering Support to Navy PEO Integrated Warfare Systems

Gryphon Technologies has received a $75.9 million contract to offer engineering support services to the Ship Self-Defense System program office within the U.S. Navy‘s Program Executive Office for Integrated Warfare Systems through 2022. The company said Wednesday the contract is a single-award, competitively-bid deal. “We are honored to be selected to provide engineering …

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BAE’s US Subsidiary Awarded $86M Navy Combat Systems Integration Contract; DeEtte Gray Comments

BAE Systems‘ U.S. subsidiary has received a potential five-year, $86 million contract for management, engineering, maintenance and information technology support to U.S. Navy  combat systems. BAE Systems Inc. will help the military branch integrate mission equipment, combat systems and computer programs to support the current and future operational requirements of the Naval Sea Systems …

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General Dynamics Posts 7% Revenue Hike for 1Q; Info Systems-Tech Segment Up 4%

General Dynamics (NYSE: GD) has announced financial results for the first quarter of its 2015 fiscal year ended April 5, 2015. The Falls Church, Va.-based defense contractor posted a 7-percent increase in revenue from the prior year period to $7.78 billion and profit rose 20.3 percent from first quarter 2014 …

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General Dynamics Combines 2 Combat Systems Business Units

General Dynamics (NYSE: GD) will consolidate its armament and technical products business into the ordnance and tactical systems business within the combat systems group. Michael Wilson, president of ordnance and tactical systems, will lead the newly-combined organization that will be based in St. Petersburg, Fla., the company said Monday. “In …

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Lockheed Wins $791M to Support Air Force Combat Information Systems

Lockheed Martin (NYSE: LMT) has won a maximum $791 million U.S. Air Force contract to support the branch’s combat support automated information systems with over 70 services. The company will provide services based on integration of commercial-off-the-shelf, free and open source software and government-off-the-shelf software. The award is firm-price-incentive-fee, firm-fixed-price, cost-plus-fixed-fee and cost-reimbursable. Maxwell Air Force Base, …

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Kratos Teams to Win $40M DoD Contract to Sustain Weapon and Combat Systems

Kratos Defense & Security Solutions (NASDAQ: KTOS) is on a team that will provide logistics support and sustain multiple weapon and combat systems on a two-year contract worth over $40 million. Kratos will test, evaluate , repair and overhaul certain military hardware for the U.S. Defense Department. “We are very pleased to continue to …

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