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ITT Sails to Navy Deal

According to the Department of Defense, “ITT (NYSE: ITT) is being awarded a $19, 553, 817 modification to previously awarded contract (N00024-09-C-5395) for AN/SPS-48G(V) radar modification kits to support the Recovery Obsolescence Availability Radar (ROAR).  AN/SPS-48’s are radars that are installed on Navy ships for volume air search and surveillance.  …

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Boeing Claims Army Deal

According to the Department of Defense, “Boeing (NYSE: BA) was awarded a $23, 717, 965 firm-fixed-price contract.  The award will provide for the procurement of the initial production fielding support for each new equipment training site equipped with the CH-47F Cargo Helicopter.  Work will be performed in Ridley Park, Penn., …

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ITT Declares Dividend

ITT’s (NYSE: ITT) board of directors declared a cash dividend of $0.25 per share for the second quarter of 2011. The cash dividend will be payable July 1 to shareholders of record on May 20.

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Lockheed Martin Wins Marine Corps Deal

Lockheed Martin (NYSE: LMT) won a $24 million contract from the Marine Corps to provide four new systems and upgrades to 36 of its gunnery trainers for M1-A1 main battle tanks and LAV-25 Light Armored Vehicles. “With AGTS, we developed an agile, affordable solution that offers unique configurations for users …

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Harris Pens $10 Million Radio Order with Cental Asian Nation

Harris (NYSE: HRS) picked up a $10 million order to provide RF-310M-HH multiband handheld software-defined radios to a central Asian nation in support of interoperable secure communications with coalition partners. “The RF-310M-HH is a significant solution to the challenges of military coalition communications, ” said Andy Start, president, international business …

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General Dynamics Wins Lucrative Enterprise IT Deal

General Dynamics (NYSE: GD) Information Technology booked a five-year deal worth $83.6 million to provide information technology enterprise network services to the U.S. Special Operations Command. The contract has a ceiling value of $125 million. “General Dynamics’ cadre of IT professionals, experienced with worldwide IT operations, will provide unparalleled support …

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Lockheed Martin Lands MDA Modification Worth $59 Million

The Missile Defense Agency is awarding to Lockheed Martin (NYSE: LMT) a fixed-price-incentive, firm target contract modification (#P00054) under contract HQ0147-07-C-0196.  The total face value of this contract modification is $59, 967, 276, raising the total contract value to $1, 640, 464, 542.  Under this modification, Lockheed Martin Space Systems …

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Lockheed Locks Down Trio of Air Force Deals

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $45, 757, 735 firm-fixed-price contract modification for an increase quantity buy of 75 baseline missiles for the Joint-Air-to-Surface-Missiles Program Office.  At this point, $45, 757, 735 has been obligated.  Work will be performed in Orlando, Fla. …

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Lockheed Lands on Army Deal Worth Potential $450 Million

Lockheed Martin (NYSE: LMT) won a deal to provide the Instrumented Ranges / Digital Range Training System to the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation. The ID/IQ award includes an initial $17.6 million delivery order, with a maximum estimated value of $450 million over a five-year …

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Lockheed Books $105 Million Order from General Dynamics

General Dynamics (NYSE: GD) C4 Systems, the prime contractor for the Warfighter Information Network-Tactical, or “WIN-T”, awarded Lockheed Martin (NYSE: LMT) a $105 million order to produce additional communications equipment for WIN-T Increment 2. “This increment of WIN-T allows commanders to stay connected from company through division echelons, which is …

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