Tag Archives: featured

MIT Awarded $3B to Help Run National Security Tech R&D Hub

The U.S. Air Force has awarded the Massachusetts Institute of Technology a potential $3 billion contract to manage a federally funded research and development center in Lexington, Massachusetts, for national security projects. USAF tasked the university to run the Lincoln Laboratory FFRDC and help build rapid system prototyping and demonstration …

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Lockheed Lands USAF C-130 Aircrew, Weapon Training Contracts; Jim Weitzel Comments

Lockheed Martin (NYSE: LMT) has been awarded more than $80 million in contracts to provide C-130 flight training systems and services to the U.S. Air Force. The company said Monday it will deliver a weapon systems trainer and a loadmaster part-task trainer for the C-130J transport aircraft at a U.S. …

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April 27 Market Close: GovCon Index Retreats, Biotech Pulls Down US Stocks

The GovCon Index has continued into third straight day of decline to close down 0.597 points at 75.304. Even with a boost from commodity stocks all three markets declined due to downturn in biotech stocks, according to the Bloomberg Business. The Dow Jones Industrial Average lost 42.17 points to 18, 037.97, the S&P …

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General Dynamics Wins $49M Time & Materials Army Contract

General Dynamics‘ (NYSE: GD) information technology business will provide time and materials support to the Defense Department under a multiyear, $49.5 million contract with the U.S. Army. DoD said Friday the contract covers support for legacy telephone systems, data processing systems,  information systems and digital communication systems. The contract runs …

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DRS to Build Common Display Systems for US Navy

DRS Laurel Technologies (NYSE: DRS) has won a potential $96.3 million contract to produce common display systems for the U.S. Navy. Work will occur in Johnstown, Pennsylvania, through April 2016 under the indefinite-delivery/indefinite-quantity contract, the Defense Department said Friday. The technology is intended for installation in Navy surface ships and …

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HP Wins Potential $469M DISA Content Delivery IDIQ

Hewlett-Packard (NYSE: HPQ) has won a potential six-year, $469 million contract from the U.S. Defense Information Systems Agency to deliver Internet content to DISA end users worldwide. DISA received three bids for the firm-fixed-price contract and is obligating $10, 000 in fiscal 2015 defense working capital funds at the time …

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Eren Ozmen: Sierra Nevada Targets Unmanned Tech Growth with Kutta Acquisition

Sierra Nevada has acquired Phoenix-based unmanned vehicle command and control systems developer Kutta Technologies for an undisclosed amount. Eren Ozmen, Sierra Nevada president, said Thursday that Kutta holds 15 years market experience and will add a range of technical offerings to Sierra Nevada’s unmanned technology portfolio through the acquisition. Kutta …

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April 24 Market Close: GovCon Index Dips, Tech Earnings News Lifts US Stocks

The GovCon Index fell for the second consecutive day Friday to close down 0.238 points at 75.901 and end the week with a 1.16 percent gain from the previous five-day trading period. Corporate financial reports from Microsoft (NASDAQ: MSFT), Google (NASDAQ: GOOG) and Amazon.com (NASDAQ: AMZN) helped send U.S. markets into nominal positive territory despite continued concern …

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Serco’s US Arm Lands Navy Cost, Engineering Analysis IDIQ; Dan Allen Comments

Serco Inc. will continue to perform cost and engineering analyses on the U.S. Navy’s projects under a $20 million contract. The British contractor’s North American subsidiary will work with the Navy, Army, Air Force and Defense Department to negotiate for lower-priced weapons systems and parts under the Price Fighters program, Serco said Friday. “As …

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BAE to Examine Potential US IT Services Division Sale

BAE Systems Plc is exploring a potential sale of the British defense contractor’s U.S.-based manpower and services division,  which provides information technology support services to U.S. government agencies. BAE said Friday a group of external advisers will help perform a strategic review of the business as it has “generated external interest and a number of enquiries.” The manpower and services division is …

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