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Tag Archives: Defense Department

Matthew Pfrommer Named Strategic Capabilities VP for Cubic Mission Solutions Business; Mike Twyman Quoted

Matthew Pfrommer, who joined Cubic (NYSE: CUB) last year, has been appointed vice president of strategic capabilities at the company’s mission solutions business. He will aim to implement business strategies, establish a CMS innovation center and identify new growth opportunities through technology development efforts in his new role, Cubic said Wednesday. CMS President Mike …

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Lockheed Gets $22.7B Modification on Lot 12 F-35 Aircraft Production, Delivery Contract

Lockheed Martin‘s (NYSE: LMT) aeronautics business has received a $22.71B contract modification to build and deliver 255 lot 12 F-35 aircraft to domestic and international military clients. The U.S. Navy awarded the modification for the company to manufacture 106 F-35 units for the U.S. military; 89 units for non-Defense Department users; …

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Ellen Lord: DoD Continues to Evaluate Proposed L3-Harris Merger

Ellen Lord, undersecretary for acquisition and sustainment at the Defense Department, has said DoD is working with antitrust regulators to find out if the proposed merger of L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) would have an impact on the “competitive landscape,” Reuters reported Wednesday. “We’re working through the process. We …

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KBR Unit Lands $62M Navy Contract Modification for Diego Garcia Facility Support

TYSONS CORNER, VA, November 13, 2018 — A business unit of KBR (NYSE: KBR) will continue its support for a U.S. Navy facility in the British Indian Ocean Territory atoll known as Diego Garcia under a $62M contract modification, ExecutiveBiz reported Monday. The Defense Department said Friday the modification exercises the first …

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McAleese & Associates Assesses Defense Spending Trends

A report by consulting firm McAleese & Associates says investors should expect the defense budget for fiscal years 2020 and 2021 at a range of $700B to $716B per year. Jim McAleese, founder and principal at McAleese & Associates, wrote in the report that the Pentagon’s overall budget in FY 2019 demonstrates …

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McAleese & Associates: HII Optimistic on FY 2018-2019 Shipbuilding Funds in Bipartisan Budget Act

Consulting firm McAleese & Associates has issued a report saying Huntington Ingalls Industries (NYSE: HII) is “ecstatic” about the Bipartisan Budget Act’s shipbuilding funds for fiscal years 2018 and 2019. “[W]e are in a great spot because ships have been authorized and appropriated in the 2018-2019 window, which takes a lot …

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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 …

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AECOM Secures $117M Army Lock & Dam Rehabilitation Support Contract

AECOM’s (NYSE: ACM) energy and construction business has received a potential $117.3M contract from the U.S. Army to support rehabilitation of the LaGrange Lock and Dam complex in Illinois. The company will provide temporary facilities, remove and replace horizontal concrete and perform lock chamber protection and dewatering services as part …

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Draper Awarded $110M Navy Hypersonic Missile Guidance Research Support Extension

Charles Stark Draper Laboratory has received a $109.5M contract modification to support the U.S. Navy’s research into hypersonic guidance technologies for the common missile compartment of U.S. Columbia-class and U.K. Dreadnought-class submarines. The Defense Department said Friday Draper will also provide technical and engineering services for a guidance, navigation and control system …

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Fibrotex USA Wins Potential $480M Army Camouflage System Production IDIQ

Fibrotex Technologies‘ U.S. subsidiary has won a potential 10-year, $480M contract to build a multispectral camouflage system designed to mask U.S. Army personnel, installations and vehicles from radars and electro-optical sensors. Fibrotex USA is scheduled to begin full-rate production of the Ultra-Light Camouflage Netting System early in 2019 under the indefinite-delivery/indefinite-quantity contract, the company said Thursday. …

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