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Tag Archives: Northrop Grumman

Air Force Exercises $395M Lockheed Contract Option for 9th & 10th GPS III Satellites

Lockheed Martin (NYSE: LMT) has received a potential $395 million contract modification to build the ninth and 10th Global Positioning System III space vehicles for the U.S. Air Force. The Air Force exercised an option in a previously awarded GPS III production contract and obligated $373.4 million for the modification from …

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September 21 Market Close: GovCon Index Returns Above 80 After Fed Holds on Rate Hike & Signals December Move

Executive Mosaic’s GovCon Index added 1 percent Wednesday to record its best session in two months and close above 80 points for the first time since Sept. 12 with 29 out of 30 stocks in positive after the Federal Reserve left benchmark interest rates unchanged and signaled a potential move in …

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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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Navy Picks 7 Firms for Cyberspace Research, Tech Integration Support Contracts

Seven companies have won separate potential five-year contracts to provide technology integration, cyberspace science, research and engineering support to the U.S. Navy. Each of cost-reimbursement contracts have a base term of three years with an additional two-year option and the Navy’s Space and Naval Warfare Systems Center Pacific received 13 proposals, the Defense …

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September 14 Market Close: GovCon Index Closes Down Slightly, After Past Few Days Roller Coaster Ride

Executive Mosaic’s GovCon Index closed down slightly after significant market swings the past three days. Declining shares outpaced advancing 23 to 6. Market closed mixed with DJIA and S&P500 down and the NASDAQ tech stocks up on the day. Investor are still cautious ahead of next week’s Fed meeting and the potential …

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In-Q-Tel Enters Into Investment & Technology Dev’t Agreement With Zoomdata

TYSONS CORNER, VA, Sept. 12, 2016 — In-Q-Tel and Zoomdata have partnered to address the big data management requirements of the intelligence community using the latter’s visual analytics platform under a new strategic investment and technology agreement, ExecutiveBiz reported Friday. The agreement works to update Zoomdata’s product offerings and their availability through Amazon Web Services‘ (Nasdaq: …

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Northrop Awarded $108M Contract to Build Autonomous Fire Scout Helicopters for Navy

Northrop Grumman (NYSE: NOC) has secured a $108.1 million contract to build 10 MQ-8C Fire Scout unmanned autonomous helicopters for the U.S. Navy. The Defense Department said Friday that Northrop will perform work in California, Alabama, Texas and Mississippi as well as other locations within the U.S. through August 2019. The Naval Air Systems Command obligated the full …

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September 7 Market Close: GovCon Index Closes Down with Modest Trading

Executive Mosaic’s GovCon Index closed down with mix results across trading markets. Crude oil climbed to a one week high in hopes the oil producing countries can reach an agreement to limit production. The government contracting community showed little movement with prices trading in a very tight band. Market Summary Index …

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Northrop Grumman to Feature Mine-Hunting Tech at Unmanned Warrior Exercise

TYSONS CORNER, VA, Sept. 6, 2016 — Northrop Grumman (NYSE: NOC) will feature its AQS-24B mine-hunting sensor system during a demonstration at the Unmanned Warrior exercise in October, ExecutiveBiz reported Friday. The company said Thursday the technology works to detect, locate and classify undersea mines using its synthetic aperture sonar and optical laser …

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