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Tag Archives: govcon

Lockheed Secures Potential $202M Navy Engineering Support Contract

Lockheed Martin’s (NYSE: LMT) rotary and mission systems business secured a potential $201.7M contract to provide engineering services to the U.S. Navy. The sole-source, cost-plus-fixed-fee contract has a face value of $26.9M and will reach its potential value if the service branch exercises all options, the Department of Defense said …

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Boeing Receives $128M Modification on USAF Nuclear Bomb Life Extension Contract

Boeing (NYSE: BA) has received a $127.6M contract modification from the U.S. Air Force to obtain materials needed to consolidate and replace B61 bomb variants in the country’s nuclear stockpile. The modification would initiate an an undefinitized contract action for the first two lots of long lead items for the …

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Johns Hopkins APL Gets $100M DARPA Contract Modification for R&D, Engineering Support

The Johns Hopkins University Applied Physics Laboratory will continue to provide engineering, research and development support services for the Defense Advanced Research Projects Agency under a potential $100M contract modification. The Department of Defense said Friday the modification falls under a previously awarded indefinite-delivery/indefinite-quantity contract, bringing the contract’s total face …

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McAleese & Associates: Boeing’s Defense Business Posted $6.6B in Q1 2019 Sales

A new report by consulting firm McAleese & Associates says Boeing’s (NYSE: GD) defense, space and security business recorded $6.6B in sales for the first quarter of 2029, reflecting a 2 percent rise from the prior year period. Jim McAleese, founder and principal of McAleese & Associates and a 2019 Wash100 …

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Raytheon Gets $94M USAF Contract Modification for Targeting System Production, Modernization

Raytheon (NYSE: RTN) has received a $94.2M contract modification to manufacture DAS‐4 targeting systems for the U.S. Air Force and the Netherlands. The company will provide an additional 54 new AN/DAS‐4 Model B Multi‐Spectral Targeting System turrets and convert one turret unit into the DAS‐1A configuration, the Department of Defense said …

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Raytheon’s Jon Check Urges CISOs to Assess Hiring Approach, Resources to Utilize Cyber Budget

TYSONS CORNER, VA, April 26, 2019 — Jon Check, senior director of cyber protection solutions at Raytheon‘s (NYSE: RTN) intelligence, information and services business, said chief information security officers at government agencies should review their priorities, hiring approach and cyber resources to fully utilize their allocated funds, ExecutiveBiz reported April …

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Tony Frazier Named Global Field Operations Leader at Maxar

TYSONS CORNER, VA, April 26, 2019 — Tony Frazier, most recently president of Maxar Technologies’ (NYSE: MAXR) Radiant Solutions company, took a new role as head of Maxar’s global field operations earlier this month after the merger of Radiant with sister firms SSL and DigitalGlobe, ExecutiveBiz reported April 10. Maxar …

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PwC Report: Global Aerospace and Defense M&A Deal Value Reached $4B in Q1 2019

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector was $4B in the first quarter of 2019, down 73 percent from the prior year period and 45 percent lower than the 10-year average. PwC said the number of M&A deals in the A&D …

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Stephanie Bidstrup Promoted to Booz Allen VP

Stephanie Bidstrup, principal of the digital health practice at Booz Allen Hamilton’s (NYSE: BAH) civilian government unit, has been promoted to vice president of the company, FedHealthIT reported Thursday. In her new capacity, Bidstrup will oversee the development of information technology, telehealth and virtual care offerings for U.S. military veterans. …

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MIT Lincoln Lab to Conduct Advanced Tech R&D Under $2B Air Force Contract Modification

The Massachusetts Institute of Technology Lincoln Laboratory received a $2.03B contract modification from the U.S. Air Force to research and develop technology platforms for the Department of Defense. The modification brings the total value of a previously awarded contract to $9.6B and covers long-term tech R&D, rapid prototyping and demonstration …

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