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Tag Archives: featured

Boeing Gets $714M Army Contract Modification for CH-47 Helicopters

Boeing (NYSE: BA) will provide 26 remanufactured CH-47F and four new CH-47s helicopters to the U.S. Army under a $713, 896, 061 modification to a previously received contract. The Defense Department said Friday the deal includes the option for two more new CH-47s and obligated long-lead funding for production lot 14. Boeing will perform work …

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March 13 Market Close: GovCon Index Sinks, Dollar Rise Sends US Stocks Down

The GovCon Index mirrored widespread losses across U.S. markets Friday with a decline of 0.588 points to close at 67.895. Navistar (NYSE: NAV) and Orbital ATK (NYSE: OA) were the only Index companies to record gains for the day. Another strong day for the U.S. dollar against the euro could foreshadow future corporate …

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NASA Extends Dynetics’ IT Support for Marshall Space Center

Dynetics has been awarded a $59.3 million contract modification to continue supporting information technology systems at NASA‘s Marshall Space Flight Center through Jan. 31, 2016. The modification increases the value of a previously awarded contract to $393.5 million, Dynetics said Thursday. Work will include IT security, planning, architecture, management, help …

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Boeing to Help Air Force Build Turboprop Engine System

The U.S. Air Force has awarded Boeing (NYSE: BA) a potential $30 million contract to develop a turbo propulsion technology under the military service’s Versatile Affordable Advanced Turbine Engines III program. The Defense Department said Thursday USAF received 34 bids through a competitive procurement and is obligating $106, 502 at …

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David Thompson: Orbital ATK Board OKs $75M Share Buyback Plan

The board of directors of Orbital ATK (NYSE: OA) has authorized the repurchase of as much as $75 million of its common stock from shareholders through the end of the year. “I am very pleased that our board has adopted management’s recommendations for a balanced and sustainable plan to return capital to …

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March 12 Market Close: GovCon Index Climbs Back, Dollar Weakens

The GovCon Index re-entered positive territory Thursday with a gain of 1.129 percent to close at 68.484. A report that showed a decrease in retail sales in February and a decline in the dollar versus Euro drove investor speculation that the Federal Reserve could adjust its stance on when it could next …

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Gregory Hayes: UTC to Mull Sikorsky Aircraft Spinoff

United Technologies Corp. (NYSE: UTX) is eyeing a potential spinoff of UTC subsidiary Sikorsky Aircraft as part of a strategic review into the helicopter manufacturing business. “As part of the portfolio review announced last December, we are exploring strategic options for Sikorsky to determine the best way to enhance its …

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Mark Escobar: SAIC to Perform Logistics Services Support for DLA

Science Applications International Corp. (NYSE: SAIC) has been awarded a five-year, $165 million contract to perform logistics support for the Defense Department’s maintenance and repair works at  federal installations. SAIC will provide sourcing, procurement and delivery of maintenance, repair and operations supplies and services to DoD and federal entities under the indefinite-delivery/indefinite-quantity …

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Army Awards 4 Spots on $249M Enterprise Info Technical Services Contract

The U.S. Army has awarded Connected Logistics,  Strategy and Management Services, Octo Consulting Group and Mission 1st Group positions on a $249 million contract to provide enterprise information technical services through March 11, 2018. A Defense Department announcement released Wednesday says the order-dependent contract is part of program manager installation information infrastructure communications …

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SupplyCore to Provide Defense Logistics Agency with MRO Tools

The Defense Logistics Agency has awarded SupplyCore a five-year, $90 million contract to deliver maintenance, repair and operations items to U.S. military and civilian government agencies. SupplyCore will provide MRO supplies for DLA’s North central region through March 10, 2020 under the firm-fixed-price contract, the Defense Department said Wednesday. DLA …

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