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Tag Archives: featured

Lockheed Secures Potential $202M Navy Engineering Support Contract

Lockheed Martin’s (NYSE: LMT) rotary and mission systems business secured a potential $201.7M contract to provide engineering services to the U.S. Navy. The sole-source, cost-plus-fixed-fee contract has a face value of $26.9M and will reach its potential value if the service branch exercises all options, the Department of Defense said …

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Johns Hopkins APL Gets $100M DARPA Contract Modification for R&D, Engineering Support

The Johns Hopkins University Applied Physics Laboratory will continue to provide engineering, research and development support services for the Defense Advanced Research Projects Agency under a potential $100M contract modification. The Department of Defense said Friday the modification falls under a previously awarded indefinite-delivery/indefinite-quantity contract, bringing the contract’s total face …

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Raytheon Gets $94M USAF Contract Modification for Targeting System Production, Modernization

Raytheon (NYSE: RTN) has received a $94.2M contract modification to manufacture DAS‐4 targeting systems for the U.S. Air Force and the Netherlands. The company will provide an additional 54 new AN/DAS‐4 Model B Multi‐Spectral Targeting System turrets and convert one turret unit into the DAS‐1A configuration, the Department of Defense said …

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PwC Report: Global Aerospace and Defense M&A Deal Value Reached $4B in Q1 2019

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector was $4B in the first quarter of 2019, down 73 percent from the prior year period and 45 percent lower than the 10-year average. PwC said the number of M&A deals in the A&D …

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Stephanie Bidstrup Promoted to Booz Allen VP

Stephanie Bidstrup, principal of the digital health practice at Booz Allen Hamilton’s (NYSE: BAH) civilian government unit, has been promoted to vice president of the company, FedHealthIT reported Thursday. In her new capacity, Bidstrup will oversee the development of information technology, telehealth and virtual care offerings for U.S. military veterans. …

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MIT Lincoln Lab to Conduct Advanced Tech R&D Under $2B Air Force Contract Modification

The Massachusetts Institute of Technology Lincoln Laboratory received a $2.03B contract modification from the U.S. Air Force to research and develop technology platforms for the Department of Defense. The modification brings the total value of a previously awarded contract to $9.6B and covers long-term tech R&D, rapid prototyping and demonstration …

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Army Issues $723M Modification on Lockheed Hellfire II Missile Contract

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $723.5M contract modification to provide multiple variants of the Hellfire II missile system. Lockheed will deliver missiles to domestic and foreign military sales customers that include Lebanon, Netherlands and France, the Department of Defense said Thursday. Hellfire II uses a semi-active …

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Lockheed Awarded $90M to Establish F-35 Core Processor Depot Repair System

Lockheed Martin (NYSE: LMT) has received a $90.7M contract modification from the Naval Air Systems Command to create an organic depot repair process for the F-35 integrated core processor. The fixed-price-incentive-fee award combines purchases from the U.S. Air Force, Navy and Marine Corps, the Department of Defense said Thursday. Work …

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Carl Rosenblatt Named CNSI EVP, Chief Business Dev’t Officer; Todd Stottlemyer Quoted

Carl Rosenblatt, formerly mid-Atlantic sales and marketing leader at PwC, has joined health information technology systems provider CNSI as an executive vice president and chief business development officer. He will oversee CNSI’s sales and business development initiatives, the company said Wednesday. Todd Stottlemyer, CEO of CNSI and a 2019 Wash100 …

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IAI Continues National Security Market Push Under New Name; Dave Dzaran Comments

Integrity Applications Inc. has adopted the name Centauri following its combination with Xebec Global and Dependable Global Solutions. Centauri, led by former IAI CEO Dave Dzaran, aims to integrate multiple technology platforms in a push to help defense and intelligence agencies perform national security missions, the company said Tuesday. “Over …

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