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Tag Archives: Long Range Strike Bomber

Boeing Lands $400M Air Force Bomber Engineering IDIQ

Boeing (NYSE: BA) has received a one-year, $400M contract to help the U.S. Air Force engineer B-1 and B-52 bombers. The company will perform recurring and non-recurring aircraft engineering services under the indefinite-delivery/indefinite-quantity contract, the Department of Defense said Friday. Locations of work include Tinker AF Base in Oklahoma, Edwards AFB …

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Janis Pamiljans to Succeed Thomas Vice as Northrop’s Aerospace Systems Corporate VP, President

Janis Pamiljans, general manager of strategic systems at Northrop Grumman’s (NYSE: NOC) aerospace systems business, has been elected by the board of directors to serve as corporate vice president and president of the firm’s aerospace systems business. Pamiljans will succeed the retiring Thomas Vice on April 1 and report to …

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October 6 Market Close: GovCon Index Goes Green Against Muted US Markets, Booz Allen Rallies & Gets Analysts’ Backing

Executive Mosaic’s GovCon Index held higher against narrow trading activity in U.S. financial markets Thursday on strong performances by CACI International (NYSE: CACI) and defense platform makers as Booz Allen Hamilton (NYSE: BAH) rallied to recoup one-half of losses from a steep fall Wednesday. Thursday’s gain puts the GCI on pace for a weekly gain with Friday’s …

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B-21 Prime Contractor Northrop Grumman Lauds Air Force’s Raider Bomber

TYSONS CORNER, VA, Sept. 21, 2016 — Northrop Grumman (NYSE: NOC), prime contractor on the U.S. Air Force‘s B-21 program, has unveiled that the service branch’s future long-range strike bomber will be called the Raider, ExecutiveBiz reported Tuesday. The company said Monday Air Force Secretary Deborah Lee James announced the aircraft’s name …

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September 20 Market Close: GovCon Index Lower on HII Downgrade, US Stocks Higher as Fed Meeting Begins

Executive Mosaic’s GovCon Index closed in narrow range Tuesday after Cowen and Company downgraded the stock of military shipbuilder Huntington Ingalls Industries (NYSE: HII) and GCI decliners over gainers at roughly 2-to-1 ratio. Newport News, Virginia-based Huntington Ingalls ended as the GovCon Index’s worst net performer on Cowen and Company’s downgrade of HII to …

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Bloomberg: USAF Expects Sept. Release of GAO’s ‘Declassified’ Bomber Contract Bid Protest Ruling Documents

The U.S. Air Force could finish a declassified copy of the Government Accountability Office‘s decision to uphold the military branch’s selection of Northrop Grumman (NYSE: NOC) over a Boeing (NYSE: BA)-Lockheed Martin (NYSE: LMT) team for the Long Range Strike Bomber program around late September, Bloomberg reported Wednesday. Anthony Capaccio writes the Air Force will redact GAO’s findings in the …

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May 3 Market Close: GovCon Index Sinks on Harris Guidance Cut, CACI’s Extended Slide as Northrop Gets Upgrade

The GovCon Index held negative throughout Tuesday trade and closed at a decline of 0.489 points to 76.365 with Harris Corp. (NYSE: HRS) as the largest lagger after another full-year guidance cut by the military radio maker. Melbourne, Florida-based Harris fell 5.48 percent — or $4.43 — after the company reduced the 12-month revenue forecast in its …

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Bloomberg: Air Force’s Randall Walden Cites ‘Correlation’ Between LRSB Aircraft Cost, Capacity

The U.S. Air Force does not want to publicly disclose the Long Range Strike Bomber contract’s value because the military service believes a disclosure may give adversaries a hint about the aircraft’s specifications, Bloomberg reported Wednesday. Randall Walden, director of the Air Force’s Rapid Capabilities Office, told Sen. John McCain in a letter obtained by …

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Bloomberg: CRS Finds Northrop Bomber Bid ‘Substantially Below’ Air Force-DoD Cost Estimates

Congress could review the U.S. Air Force‘s and the Defense Department‘s independent cost estimates for the Long Range Strike Bomber program after the legislative branch’s research arm found Northrop Grumman‘s (NYSE: NOC) winning bid to be “substantially below” those projections,  Bloomberg reported Thursday. According to the story by Anthony Capaccio, Bloomberg obtained an 18-page assessment …

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USAF Unveils Northrop’s 7 Teammates on B-21 Bomber Aircraft Development Program

The U.S. Air Force has unveiled the names of seven companies that will partner with Northrop Grumman (NYSE: NOC) to help build a fleet of B-21 Long Range Strike Bomber planes for the military service, Defense News reported Monday. Lara Seligman writes Air Force Secretary Deborah Lee James said in a news briefing at the Pentagon …

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