Tag Archives: featured

CSRA Hires Leigh Palmer, Christian Marrone for Leadership Roles; Larry Prior Comments

Leigh Palmer and Christian Marrone have joined CSRA (NYSE: CSRA) as intelligence group vice president and government relations chief, respectively. Palmer most recently served as VP of national information technology mission solutions within BAE Systems‘ intelligence and security business, CSRA said Monday. “Her experience managing key programs across the intelligence community, …

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Lockheed Awarded C-130J Modifications Under $5B Air Force Contract

Lockheed Martin (NYSE: LMT) has secured two separate contract modifications from the U.S. Air Force to build C-130J Super Hercules aircraft. The Defense Department said Wednesday Lockheed will produce 32 C-130J military transport planes in various configurations under a potential five-year, $1.1 billion contract. The definitization contract modification is part of a potential …

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Bechtel Wins $393M Navy Contract for Nuclear Propulsion Components

Bechtel’s plant machinery division has secured a potential $393 million contract to continue to supply nuclear propulsion components to the U.S. Navy. The Naval Sea Systems Command awarded the cost-plus-fixed-fee contract as part of the Naval Nuclear Propulsion Program, the Defense Department said Wednesday. The Energy Department’s National Nuclear Security Administration …

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Raytheon Receives $349M Navy Destroyer Equipment Contract Modification

Raytheon (NYSE: RTN) has received a potential $349.2 million contract modification to manufacture tools for the U.S. Navy’s future USS Lyndon B. Johnson destroyer. Raytheon will produce mission system equipment for the Zumwalt-class ship through October 2019 if the Navy exercises all options, the Defense Department said Thursday. Construction of the …

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Pratt & Whitney Awarded $318M Air Force F119 Engine Maintenance Contract Modification

Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) subsidiary, has received a $317.8 million contract modification to maintain F119 engines for the U.S. Air Force. The Defense Department said Thursday the company is scheduled to complete work under the contract on Dec. 31. The Air Force uses F119 engines to …

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Northrop Gets $286M Modification on Japan Hawkeye Aircraft Production Contract

Northrop Grumman (NYSE: NOC) has received a $286 million contract modification from the U.S. Navy to produce and deliver one E-2D Advanced Hawkeye airborne early warning and control aircraft to Japan. The Defense Department said Wednesday that Northrop will also provide E-2D nonrecurring engineering assistance to the Japanese military through …

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TechLaw Holdings Acquires Summit Technical Resources for Environmental Services Push

TechLaw Holdings has acquired Colorado-based environmental services provider Summit Technical Resources, which the holding company plans to merge with its TLI Solutions subsidiary. TechLaw said Thursday Summit’s eventual merger with TLI is pending government approval for contract novation in late 2016. “This is an important part of our plan to expand our …

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January 4 Morning Report: GovCon Index Ends 2015 Down on Oil Price Declines

The GovCon Index closed Wednesday with a loss of 0.621 points to 77.761 on oil price declines and remains above the 10-percent mark for a gain against declines in several sectors within the S&P 500 composite index on a year-to-date basis. Crude futures in New York settled down 3.06 percent to $36.71 a barrel, while brent crude …

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Lockheed Awarded $143M to Build Mobile Rocket Launcher Systems for UAE

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a potential two-year, $142.8 million foreign military sales contract to manufacture multiple rocket launchers equipped with crew protection cabs for the United Arab Emirates. The firm-fixed-price contract covers 12 armored High Mobility Artillery Rocket Systems, spares, software and training and upgrade …

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GE Lands $1B Gas Turbine Production Contract With Saudi Electricity; Mohammed Mohaisen Comments

General Electric (NYSE: GE) has secured a potential $1 billion contract from Saudi Electricity Co. to engineer and build four gas turbines for SEC’s combined cycle power plant in Saudi Arabia. GE said Thursday it will also construct a steam turbine at its New York facility, provide turbine-related services and …

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