Tag Archives: GE

General Electric's (NYSE: GE) aviation segment will manufacture 21 turboshaft engines for the fifth batch of lot 5 CH-53K King Stallion helicopters under a $101.5M contract modification from the U.S. Navy.

The State Department has approved Kuwait’s request to buy Boeing-built (NYSE: BA) AH-64E Apache helicopters, related equipment and services under a potential $4B foreign military sales agreement.

Michael Lewis, former vice president and general manager of Iron Mountain's (NYSE:IRM) government services unit, has joined Salesforce (NYSE: CRM) as VP of strategy and business development. He brings more than three decades of industry experience to his new position and will be responsible for Salesforce's BD efforts in the aerospace, defense and federal systems integration segments.

The Department of Defense has made $600M in awards to support 5G testing and experimentation projects with 15 companies at five U.S. military installations. “The Department of Defense is at the forefront of cutting edge 5G testing and experimentation, which will strengthen our Nation’s warfighting capabilities as well as U.S. economic competitiveness in this critical field,” said Michael Kratsios, acting undersecretary of defense for research and engineering and U.S. chief technology officer.

The State Department has cleared Switzerland’s request to buy F-35 fighter jets, F/A-18E/F Super Hornet aircraft and Patriot Configuration-3+ modernized fire units under three foreign military sales agreements worth approximately $16.23B combined.

Michael House, a veteran GovCon industry leader, has been named vice president of business development of Siemens’ U.S. federal government subsidiary. He will oversee Siemens Government Technologies’ business capture planning, proposal and development operations in his new role, SGT said Thursday.

The State Department has approved approximately $4.5B in foreign military sales agreements with France, Lithuania, Argentina and Indonesia.

The U.S. Air Force has issued a potential $101.3M contract action to procure turbofan engines from General Electric (NYSE: GE) to power the service branch's modernized F-15 fighter jets.

The Department of Defense has signed agreements worth $187M combined with five companies under the Defense Production Act Title III to help sustain domestic production capabilities and critical workforce during the COVID-19 pandemic. DoD said Friday the contracts were awarded to Austal’s U.S. arm, General Electric’s (NYSE: GE) aviation business, W International, Weber Metals and American Woolen.

The Department of the Treasury considers safeguarding a $17B loan program for eligible national security companies under the Coronavirus Aid, Relief and Economic Security Act in the event that Boeing (NYSE: BA) and General Electric (NYSE: GE) find themselves in need of funds, Bloomberg reported Tuesday. Both companies have raised funds through bond offerings, divestiture and other initiatives.