Home / Tag Archives: contract option

Tag Archives: contract option

Air Force Pushes Northrop SEMS III Contract Ceiling to $393M

Northrop Grumman (NYSE: NOC) has secured a $92.9M modification under the Systems Engineering, Management and Sustainment III contract to continue supporting the U.S. Air Force's weather-related missions. The Department of Defense said Tuesday the modification would bring the potential ceiling value of the indefinite-delivery/indefinite-quantity contract to $392.9M and add six months to the ordering period.

Read More »

DMEA Exercises $121M Option on GlobalFoundries Microelectronics Contract

GlobalFoundries will continue to provide the Department of Defense access to microelectronic processes under a $121M contract modification from the Defense Microelectronics Activity. The modification represents the third option under a previously awarded contract and brings the potential cumulative value to $501.4M, the Pentagon said Friday. Work under the exercised …

Read More »

NASA Exercises Option in PAE-BWXT JV’s $1.3B Contract for Michoud, Stennis Operations Support

A BWX Technologies (NYSE: BWXT)-PAE joint venture will continue to help NASA manage two facilities in Louisiana and Mississippi after the space agency exercised an option under a potential $1.3B contract. Syncom Space Services will extend services at the Stennis Space Center and Michoud Assembly Facility through Sept. 30, 2020, BWXT said Thursday. NASA …

Read More »

BAE, General Dynamics, HII to Extend Amphibious Ship Maintenance Work Under $407M Navy Contract Option

The U.S. Navy has exercised the third option period on indefinite-delivery/indefinite-quantity contracts with BAE Systems, General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) to maintain the military branch’s amphibious ships. Each contractor will have the chance to vie for complex, emergent and continuous maintenance orders under firm-fixed-price contract modifications, the Department of Defense …

Read More »

Bechtel Subsidiary Lands $95M Contract Option for Naval Nuclear Propulsion Component Supply

A Bechtel subsidiary will continue to supply naval nuclear propulsion components to the U.S. Navy under a $95.2M contract option. Bechtel Plant Machinery Inc. will perform 94 percent of work in Monroeville, Pa., and the remaining six percent in Schenectady, N.Y., the Department of Defense said Thursday. The Navy will obligate the …

Read More »

USAF Exercises $150M Option on Northrop Airborne Comms Payload Contract

Northrop Grumman (NYSE: NOC) has received a $149.6M contract modification to operate and sustain the payload for a U.S. Air Force system used to translate and transmit information across disparate networks . This modification represents the first option year under a previously awarded contract and brings the contract’s total cumulative …

Read More »

Perspecta Awarded $486M Navy, Marine IT Network Support Extension; Mac Curtis Quoted

Perspecta (NYSE: PRSP) has secured an eight-month, $486M contract modification to extend information technology support services under the Department of the Navy’s Next Generation Enterprise Network program. Space and Naval Warfare Systems Command issued the modification to extend a previously awarded indefinite-delivery/indefinite-quantity contract’s potential ordering period from Oct. 1, 2019 to May …

Read More »

Raytheon Gets $77M Air Force Contract Option to Produce Lot 4 SDB II Munitions, Equipment

The U.S. Air Force has awarded Raytheon (NYSE: RTN) a $77.3 million contract option for the low-rate initial production of lot 4 Small Diameter Bomb II munitions. Raytheon’s missile systems business will manufacture 570 SDB II units along with 524 single and dual weapon containers under the exercised option, the Defense Department said Tuesday. The sole-source award …

Read More »

DynCorp Lands Logistics, Maintenance Work for Nevada-Based Navy Aircraft

TYSONS CORNER, VA, Feb. 5, 2018 — DynCorp International will provide logistics and maintenance support for the U.S. Navy‘s EA-18G, E-2C, F/A-18, F-16A/B and MH-60S aircraft in Nevada under a $40.4 million contract option, ExecutiveBiz reported Friday. The Defense Department said Thursday the company will perform work on the five aircraft platforms at the Naval Aviation Warfighting …

Read More »

Air Force Exercises $80M Option in Boeing E-4B Aircraft Sustainment Contract

A business segment of Boeing (NYSE: BA) has received a one-year, $80 million contract option to sustain a variant of the U.S. Air Force‘s E-4B command post aircraft. Boeing Defense, Space & Security will help the service branch manage the E-4B program and procure spares as well as provide system integration laboratory, repair, engine …

Read More »