Tag Archives: Submarine

TYSONS CORNER, VA, Dec. 21, 2016 — BAE Systems‘ U.S. arm will help engineer and install new submarine weapon systems under a potential five-year, $368 million U.S. Navy contract awarded in October, GovCon Executive reported Thursday. The contract will also involve information technology support, engineering services and test equipment evaluations, training …

Kirkland Donald, a retired U.S. Navy admiral and former CEO of Systems Planning and Analysis, will officially join Huntington Ingalls Industries‘ (NYSE: HII) board of directors Jan. 1. The 37-year Navy veteran previously directed the military branch’s Naval Nuclear Propulsion program until he retired in 2013, HII said Wednesday. He also commanded the Naval Submarine Forces, Submarine …

Executive Mosaic’s GovCon Index climbed 5 percent for a record one-day gain and closing value Wednesday as investors made large buys of shares in large defense primes on expectations of increased defense spending under incoming Pres. Donald Trump after his watershed election win Tuesday. The U.S. stock bellwether S&P 500 composite index …

TYSONS CORNER, VA, Nov. 1, 2016 — Boeing (NYSE: BA) and Liquid Robotics teamed up to participate at the two-week Unmanned Warrior 2016 naval demonstration event organized by the British navy, ExecutiveBiz reported Monday. The team used four Sensor Hosting Autonomous Remote Craft equipped with Boeing’s acoustic sensors to detect and track an …

TYSONS CORNER, VA, Sept. 30, 2016 — Lockheed Martin (NYSE: LMT) will work with DCNS and Australia’s defense department to integrate combat systems into the country’s future submarines, ExecutiveBiz reported Thursday. The Australian reported Thursday the team will install the combat system with sonars and other features onto 12 submarines in support …

Science Applications International Corp. (NYSE: SAIC) has won a potential four-year, $383.1 million contract to produce MK 48 Mod 7 heavyweight torpedo components for the U.S. Navy. The Naval Sea Systems Command awarded the firm-fixed-price, cost-plus-fixed-fee contract through a competitive procurement process with two proposals received, the Defense Department said Thursday. …

L-3 Communications (NYSE: LLL) has been awarded a potential $238.2 million contract by the U.S. Navy to develop and manufacture passive sonar receiver technology for installation on submarines. The Defense Department said Wednesday the company will provide a first article TB-29X towed array receiver unit, production towed array assemblies and receiver units, test sets, shipping reels, …

Huntington Ingalls Industries (NYSE: HII) exceeded the consensus analyst outlook for earnings per share in its second quarter financial statement released before U.S. financial markets opened Thursday with revenue down on lower volume on aircraft carrier and submarine activity. Military shipbuilder and GovCon Index-listed company Huntington Ingalls reported second quarter earnings at $2.80 per share …

TYSONS CORNER, VA, July 21, 2016 — General Dynamics (NYSE: GD) has secured an $18.9 million contract modification from the U.S. Navy for the development of a payload module for the Virginia-class attack submarines, ExecutiveBiz reported Wednesday. The company said Tuesday the award covers two Virginia payload module pre-production units and brings …

TYSONS CORNER, VA, February 26, 2016 — Lockheed Martin (NYSE: LMT) currently works on the redesign of the U.S. Navy‘s Submarine Warfare Federated Tactical Systems installed on several submarine classes, ExecutiveBiz reported Thursday. The company said Tuesday it will perform work at its anti-submarine warfare laboratory in Virginia as part of a …