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Tag Archives: fixed price contract

Rear Adm. Scott Pappano: Navy Eyes Contract for Two Columbia-Class Submarines by FY 2021

Rear Adm. Scott Pappano, program executive officer for the Columbia-class ballistic missile submarine program, said the U.S. Navy already issued a solicitation for the first two vessels and that his office expects to reach a contract with industry partners before October 2020, USNI News reported Wednesday.

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Lockheed Gets $7.2B Air Force Follow-On Contract for GPS III Satellites

Lockheed Martin (NYSE: LMT) has secured a potential $7.2B follow-on contract from the U.S. Air Force to build an additional 22 GPS III satellites. The service said Friday it expects the initial GPS IIIF satellite to be available for liftoff by 2026 under the fixed-price contract. “Getting to a manufacturing …

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Report: Trump, Boeing Reach Potential $3.9B Deal for Presidential Aircraft Production

The White House and Boeing (NYSE: BA) have reached a potential $3.9 billion deal for the aerospace company to build two presidential planes, Reuters reported Tuesday. “President Trump has reached an informal deal with Boeing on a fixed-price contract for the new Air Force One Program,” Hogan Gidley, deputy press secretary, told the publication. …

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