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Tag Archives: Navy

Lockheed Gets $99M Modification on Navy EW System Upgrade Contract

Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business has secured a $98.5 million contract modification to update the U.S. Navy‘s AN/SLQ-32 electronic warfare system. The Defense Department said Friday the modification covers full-rate production of the Surface Electronic Warfare Improvement Program‘s Block 2 subsystems. Block 2 is designed to provide updated …

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Boeing to Support Air Force F-15 Supply Chain Under $371M Contract Modification

Boeing (NYSE: BA) has secured a potential $371.2 million contract modification from the Defense Logistics Agency to provide performance-based supply chain support for the U.S. Air Force‘s F-15 aircraft fleet. The Defense Department said Wednesday the sole-source contract contains a five-year base period that will run through March 14, 2022, and one five-year unpriced …

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Retired Navy Vice Adm. Mike LeFever Joins Iomaxis as COO; Brad Buhr Comments

Mike LeFever, a retired U.S. Navy vice admiral and co-founder of Invictus Advisors, has joined Iomaxis as chief operating officer of the Fredericksburg, Virginia-based technology and engineering services contractor. Iomaxis said Tuesday LeFever will help scale the company’ national footprint and operational capacities in line with expansion efforts in the commercial and federal markets. “His tremendous …

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Kevin Quigley Promoted to BayFirst Principal; Kevin Gooch Comments

Kevin Quigley, formerly a senior associate at BayFirst Solutions, has been promoted to principal at the Washington-based management and consulting services contractor. He joins four other BayFirst principals who will work to supervise more than 200 full-time employees in 14 U.S. states and the District of Columbia, the company said Feb. 27. “[Quigley’s] leadership skills, his …

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Navy Awards $383M in Amphibious Ship Support Modifications to BAE, General Dynamics, HII Subsidiaries

The U.S. Navy has awarded $383 million in contract modifications to subsidiaries of BAE Systems, General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) for maintenance, repair and upgrade services for San Diego-homeported amphibious ships. BAE’s San Diego Ship Repair arm, General Dynamics’ NASSCO subsidiary and HII’s Continental Maritime of San Diego unit will also …

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Lockheed Gets $1.1B Contract for F-35 Logistics, Sustainment Services to US, Foreign Military Clients

Lockheed Martin (NYSE: LMT) has received a $1.06 billion contract to sustain and provide recurring logistics support for F-35 aircraft of the U.S. Navy, Marine Corps, Air Force, non-Defense Department participants and foreign military sales customers. DoD said Tuesday that Lockheed will conduct sustainment efforts such as ground maintenance, depot activation, automatic logistics information system, …

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Lockheed to Shift 650 Fleet Ballistic Missile Program Positions to Colorado, Florida; Rick Ambrose Comments

TYSONS CORNER, VA, Feb. 27, 2017 — Lockheed Martin (NYSE: LMT) has unveiled plans to relocate an estimated 650 positions under the Fleet Ballistic Missile program from California to Colorado and Florida by 2024, ExecutiveBiz reported Friday. The company said Thursday the move aims to build on skill sets, resources and infrastructure …

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February 27 Morning Report: GovCon Index Gets Boost as Trump Reaffirms Military Buildup Plan

Executive Mosaic’s GovCon Index posted a 0.625-point climb Friday to record a fourth consecutive weekly gain as defense stocks received a boost from President Donald Trump’s reiteration of his presidential campaign pledge to build up the military. GCI advancers outnumbered decliners by a 4-to-1 ratio with Huntington Ingalls Industries (NYSE: HII) …

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February 24 Market Close: GovCon Index Up, Records 4th Straight Weekly Gain

Executive Mosaic’s GovCon Index closed higher Friday to end its fourth straight weekly gain as investors eyed defense stocks after President Donald Trump repeated his election campaign pledge to build up the military during a speech in Washington. U.S. equities also posted narrow gains and the benchmark S&P 500 composite index ended the …

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Weekly Roundup February 21 – February 24 2017: STG Starts Next Chapter w/ Intell-Focused Buy & more

Weekly Roundup February 21 – February 24 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson STG Group announced the next step in its journey as a publicly-traded government contractor this week with its first acquisition since the company started to offer its shares …

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