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Tag Archives: Defense Department

July 20 Market Close: GovCon Index Up on Mid-Tier & Services Stock Gains, Lockheed Down

Executive Mosaic’s GovCon Index closed at an all-time high for the sixth time in eight sessions Wednesday on a mix of strong performances from middle-tier platform and product makers plus predominantly services-oriented contractors. The GovCon Index gained 0.328 points to 82.193 with nine of the GCI’s 11 S&P 500-listed companies in positive at the close and …

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Bell Boeing to Build 4 Osprey Tiltrotors for Japan Under $545M Navy Contract Modification

A joint venture of Boeing (NYSE: BA) and Bell Helicopter has received a four-year, $544.6 million contract modification from the U.S. Navy to manufacture and deliver four MV-22 Osprey multirole tiltrotor aircraft to Japan under the foreign military sales program. The Bell-Boeing Joint Program Office will also obtain long-lead materials needed …

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Lockheed Receives $242M Navy Contract Modification for F-35 Electronic Components

Lockheed Martin (NYSE: LMT) has been awarded a $241.8 million contract modification by the U.S. Navy to procure diminishing manufacturing sources electronic parts for F-35 production facilities in the U.S. and abroad. The Defense Department said Tuesday work under the modification will support F-35 production through the fighter aircraft’s 15th lot. Lockheed will perform …

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Navy Awards Boeing $100M Contract Modification to Support Australia P-8A Patrol Aircraft Production

Boeing (NYSE:BA) has secured a $100.4 million contract modification from the U.S. Navy to provide long-lead parts and support services for the production of four Lot 8 P-8A maritime patrol aircraft for Australia. The Defense Department said Tuesday the contract falls under a cooperative engagement agreement and work is scheduled to occur through June 2017 in Washington, …

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BAE to Develop Machine Learning Tech to Support USAF Space Situational Awareness

TYSONS CORNER, VA, July 19, 2016 — BAE Systems has received a $9.4 million contract from the U.S. Air Force to develop and integrate a machine learning tool that works to support space situational awareness efforts, ExecutiveBiz reported Monday. The Defense Department said Friday BAE Systems Inc. will also utilize analytics, high-performance computing and …

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Lockheed Boosts Full-Year Guidance on 2Q Earnings, Revenue Beats

Lockheed Martin (NYSE: LMT) lifted full-year earnings and revenue guidance Tuesday and exceeded analysts’ second quarter estimates for both figures on sales from the Sikorsky helicopter business acquired in November as negotiations between the company and U.S. government continue on the next two F-35 fighter jet batches. Bethesda, Maryland-based Lockheed said it now expects 2016 …

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FMS Program Head Joe Rixey to Headline Global Weapons Trade Discussion Forum for Potomac Officers Club

The top uniformed officer over the U.S. government’s foreign military sales program will keynote an Aug. 3 breakfast forum hosted by Executive Mosaic’s Potomac Officers Club in Falls Church, Virginia to discuss the global arms trade’s current environment and the role of domestic industry in efforts to help defense agencies support …

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Rockwell Collins Receives $67M Navy Contract For Airborne Comm System Repair Services

Rockwell Collins (NYSE: COL) has secured a potential 10-year, $67 million contract to provide weapon replaceable assembly repair services in support of the AN/ARC-210 integrated communications system for the U.S. Navy and other Defense Department  components. DoD said Monday the company will also help the service branch manage the system’s technical and configuration changes as …

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Premier Technology to Assess Counter Proliferation Tech for DTRA

Premier Technology has received a potential $75 million contract to validate and verify counter proliferation technologies developed for the Defense Threat Reduction Agency. Premier Technology will carry out work in Aberdeen, North Carolina, through June 16, 2026 under the indefinite-delivery/indefinite-quantity contract, the Defense Department said Monday. The contract contains a …

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Technica to Support Air Force IT Operations Under $224M NETCENTS-2 Task Order

Technica Corp. has won a potential five-year, $224.4 million task order to provide information technology services to the U.S. Air Force under the service branch’s Network-Centric Solutions-2 contract vehicle. The order has a one-year base period that will run through July 31, 2017,  and covers IT support for the Air Force National Capital Region, the …

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