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Tag Archives: Navy

Navy Secretary Nominee Spencer Downplays 355-Ship Fleet, Touts Unmanned Systems

Navy Secretary nominee Richard  Spencer downplayed President Donald Trump’s proposal of a 355-ship fleet, up from the current 276 number, while emphasizing that capability of weapons systems are paramount, Breaking Defense reported. The Chief of Naval Operations Admiral John Richardson has assessed that the Navy requires 355 ships, and he issued a …

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Ultra Electronics Agrees to Purchase Sparton

U.K.-based defense and aerospace equipment manufacturer Ultra Electronics has agreed to acquire Schaumburg, Illinois-based electromechanical technology provider Sparton  (NYSE: SPA). Sparton said Friday the transaction is valued at $23.50 per share and that it expects to complete the sale by Jan. 1, 2018. Joseph Hartnett, interim president and CEO of Sparton, said the deal …

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Executive Mosaic’s Weekly GovCon Round-up: NDAA, DoD Purchasing Reform & More

Weekly Roundup June 26 – June 30 2017 A Note From Our President & Founder Jim Garrettson This week we saw the unveiling of the House Armed Services Committee’s $696.5 billion defense authorization bill. The draft, titled 2018 National Defense Authorization Act (NDAA), was revealed on the 26th and asks for …

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HII Gets $437M in Navy Contract Modifications for Submarine Overhaul & Landing Platform Dock Construction

Huntington Ingalls Industries (NYSE: HII) has received two contract modifications worth a combined $437.5 million from the U.S. Navy to support an engineered overhaul of a Los Angeles-class submarine and construction of a San Antonio-class amphibious transport dock. HII will execute maintenance, repair, routine and test work on the USS Columbus (SSN 762) submarine through …

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Pratt & Whitney to Provide Initial Lot 11 F-35 Propulsion System Spares Under $340M Award

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a three-year, $339.6 million contract modification from the U.S. Navy to provide initial spares for the F-35 propulsion system. The Defense Department said Friday Pratt & Whitney will supply initial spare modules, parts and engines in support of the low-rate initial …

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PAE-Parsons JV Secures $85M Navy Contract for Military Guam Base Operations Support

A joint venture of PAE and Parsons has secured a potential $84.7 million contract from the U.S. Navy to carry out a range of base operations support services at Joint Region Marianas in Guam. DZSP 21 will provide management, administration, port operations, ordnance, material management, facility management, facility investment, electrical, steam, …

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Raytheon to Supply F/A-18 Configuration D Kits Under $91M Navy Contract

Raytheon (NYSE: RTN) has secured a $90.8 million contract to refurbish components on the U.S. Navy‘s fleet of F/A-18 Hornet multirole aircraft. The Defense Department said Tuesday that Raytheon will provide 206 retrofit components and four validation and verification kits for F/A-18 Configuration D as part of three engineering change proposals. Hornet fighter jets are …

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DoD Requests $42.5B, 5% Increase for IT Budget

The Department of Defense is asking for $42.5 billion in IT funding, a 5.3 percent increase over last year. From that top line number, $9.3 billion is reserved for classified investments and expenses, with $33.2 billion going to unclassified investments and expenses, according to  documents from the department’s comptroller reveal. …

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Executive Mosaic’s Weekly GovCon Round-up: The New Space Race

Weekly Roundup June 19 – June 23 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Although the phrase “Space Race” brings to mind the Cold War-era struggle between the United States and Soviet Union for supremacy in spaceflight capabilities, it may begin to …

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Lockheed Gets Potential $1.2B Navy Contract for Sonar System Engineering Services

Lockheed Martin (NYSE: LMT) has won a potential $1.17 billion contract from the U.S. Navy to engineer sonar technology under the Technical Insertion 18-20 Acoustic Rapid Commercial-Off-The-Shelf Insertion program. The Defense Department said Thursday the contract with an initial value of $130.8 million covers engineering development support for A-RCI modernization requirements and …

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