Tag Archives: Defense Contracting News

General Dynamics Secures Defense Work

According to the Department of Defense, “General Dynamics (NYSE: GD) is being awarded an $11, 126, 773 firm-fixed-price modification to existing previously awarded contract (N00024-10-C-5141) for the production of Aegis gun and guided missile directors (MK82 Mod 0) and Aegis Director Controllers (MK 200 Mod 0).  The MK 82 director …

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Raytheon Locks Up Air Force Work

According to the Department of Defense, “Raytheon (NYSE: RTN) was awarded a $68, 000, 000 contract which will provide the required support to perform activities associated with the lifecycle phases for the Cross-domain Enterprise All-source User Repository (CENTAUR) system in support of current and future CENTAUR deployments.  At this time, …

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Lockheed Inks $139 Million Rocket Systems Deal

Lockheed Martin (NYSE: LMT) won a $139.6 million contract to provide 44 combat-proven High Mobility Artillery Rocket Systems (HIMARS) to the Army. Following completion of the order, the Army will hold 375 launchers. “HIMARS brings soldiers an agile, responsive and accurate delivery system of extremely precise fires, ” said Col. …

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Navy Contract Washes Up for BAE Systems

According to the Department of Defense, “BAE Systems is being awarded a $17, 285, 819 modification to a previously awarded firm-fixed-price contract (N00019-10-C-0019) to exercise an option for the Low Rate Initial Production I of 600 Advanced Precision Kill Weapons System guidance sections for the Navy, including shipping and storage …

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Boeing, Northrop Grumman Take Off with Air Force Deals

According to the Department of Defense, “Boeing (NYSE: BA) was awarded a $59, 669, 948 contract, which will provide for joint helmet mounted cueing system full rate production seven for the Air Force and foreign military sales.  At this time, the entire amount has been obligated.  ASC/WWWSK, Wright-Patterson Air Force …

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Boeing Boosts Military Logistics Offerings with CDM Technologies Purchase

Boeing (NYSE: BA) has a deal in place to purchase CDM Technologies, in an effort to grow the firm’s logistics command and control offerings. CDM is a software engineering company focused on “real-time transportation and logistics planning systems for the U.S. military.” Terms of the transaction were not disclosed. “CDM …

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Mike Fraser on USIS’ Deal to Secure Sensitive Overseas Construction Sites

USIS has picked up a deal from the State Department to securing the construction sites of highly sensitive buildings overseas. Terms of the contract were not disclosed by the firm. “Twenty-five years ago, the world became more aware of the need for this type of surveillance when the KGB penetrated …

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Boeing Scores Defense Deal; Northrop Grumman, General Dynamics Double Up

According to the Department of Defense, “Boeing (NYSE: BA) was awarded a $106, 354, 379 contract modification, which provides for the exercise of the Lot 7 option for small diameter bomb production for munitions, carriages and technical support. At this time, the entire amount has been obligated.  AAC/EBMK, Eglin Air …

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ITT Raises Financial Guidance

ITT Corporation (NYSE: ITT) released the following financial statement: “[The firm] reported 2010 third-quarter revenue of $2.6 billion and net income of $145 million, or $0.78 per share. Income from continuing operations was $12 million, or $0.07 per share. Excluding the impact of special items, income from continuing operations for …

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Northrop Grumman Finalizes Purchase of New Corporate Office

Northrop Grumman (NYSE:NOC) finalized a deal to purchase 2980 Fairview Park Drive in Falls Church, Va., for $101.3 million. The building will serve as the firm’s new corporate office. The firm expects to open operations in the 14-story building by summer of 2011.

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