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Tag Archives: Defense Department

Huntington Ingalls Awarded $687M Navy Contract to Help Modernize, Maintain Gerald R. Ford Carrier

Huntington Ingalls Industries (NYSE: HII) has secured a potential five-year, $687.1M contract to help modernize the lead ship of the U.S. Navy's Ford class as part of early service life support work. HII's Newport News Shipbuilding division will support continuous and planned incremental availabilities, shock trials and continuous and emergent maintenance of USS Gerald R. Ford, the Department of Defense said Wednesday.

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Raytheon-UTC Deal Comes as DoD Eyes New Priorities; Pierre Chao Offers Insight on M&A Trend

The planned merger between Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) comes as the aerospace-and-defense sector anticipates slower growth in the Department of Defense’s spending and as DoD sets its sights on hypersonic missiles, space systems and other new priorities, The Wall Street Journal reported Wednesday.

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Sikorsky to Begin Presidential Helicopter Production Under $542M Award

The U.S. Navy has awarded Lockheed Martin‘s (NYSE: LMT) Sikorsky Aircraft subsidiary a three-year, $542M contract modification to begin low-rate initial production of VH-92A presidential transport helicopters. Sikorsky will build six lot 1 LRIP units and provide interim support, spare parts, support equipment and replenishment services under the Presidential Helicopter Replacement Program, the Department of Defense said Monday.

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Former NRO Chief Betty Sapp Elected to Ball Board

Betty Sapp, former director of the National Reconnaissance Office, has joined Ball (NYSE: BLL) as a member of the board of directors. John Hayes, chairman, president and CEO of Ball, said in a statement published Tuesday Sapp will complement Ball’s leadership team and board as the company continues efforts to …

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Jeremy Bash Named to deepwatch Board; Charlie Thomas Quoted

Jeremy Bash, a cybersecurity intelligence professional, has been appointed to the board of directors of managed security services provider deepwatch. Charlie Thomas, CEO of deepwatch, said in a statement released Tuesday Bash is an expert on modern security issues and a trusted adviser to technology firms worldwide. Bash brings to …

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McAleese & Associates: FY 2020 Defense Spending Bill to Appropriate $21.7B for Navy Shipbuilding

A McAleese & Associates report says the U.S. Navy’s shipbuilding programs would receive $21.7B under the $690B fiscal 2020 defense funding bill passed by the House Appropriations Committee. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, listed in the report some of the fully funded …

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McAleese & Associates: House Panel OKs $690B FY 2020 Defense Appropriations Bill

A McAleese & Associates report says the House Appropriations Committee passed a spending bill that would authorize $690B in fiscal 2020 funds for the Department of Defense, reflecting a 2.3 percent increase from DoD’s current budget. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote …

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Trump to Nominate Patrick Shanahan as Permanent Defense Secretary

President Donald Trump intends to nominate Acting Defense Secretary Patrick Shanahan to serve as Pentagon chief on a full-time basis, The New York Times reported Thursday. Sarah Huckabee Sanders, White House press secretary, announced the president’s intention in a tweet posted Thursday. “If confirmed by the Senate, I will continue the …

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