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Army Names Five Awardees for Future Attack Reconnaissance Aircraft Design Phase

The U.S. Army has awarded other transaction agreements to five contractors to provide initial designs of the service’s Future Attack Reconnaissance Aircraft platform, Breaking Defense reported Tuesday. Boeing (NYSE: BA), Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary, AVX Aircraft, Textron’s (NYSE: TXT) Bell Helicopter subsidiary and Karem Aircraft were selected out …

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Army Selects Martin UAV, Textron’s AAI Subsidiary for $100M Tactical Drone Contract

Martin UAV and Textron‘s (NYSE: TXT) AAI Corp. subsidiary will compete for orders to provide non-developmental tactical unmanned aerial systems to the U.S. Army under a potential three-year, $99.5M contract. Eleven bids were submitted to Army Contracting Command for the firm-fixed-price contract, which runs through March 27, 2022, the Department …

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Executive Mosaic Launching 2019 GovConIndex, Names 30 Basket Stocks to Track Industry

Executive Mosaic has named a basket of 30 publicly traded GovCon firms that will make up this year’s GovConIndex. The index, scheduled to relaunch on March 4th, is an amalgam of GovCon stocks representing a cross-industry analysis of the overall performance of the GovCon sector. Stock prices are listed in …

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Textron Subsidiary to Produce Lot 16 Navy Attack Helicopters Under $440M Contract Modification

Textron’s (NYSE: TXT) Bell Helicopter subsidiary has received a four-year, $439.5M contract modification to build 25 lot 16 AH-1Z twin-engine attack helicopters for the U.S. Navy. Bell Helicopter will also provide 25 stores control units as part of the modification, which exercises an option under a previously awarded fixed-price-incentive contract, the Department …

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Boeing-Bell JV Gets $144M DLA Contract for V-22 Aircraft Logistics, Engineering Support

A joint venture of Boeing (NYSE: BA) and Textron‘s (NYSE: TXT) Bell Helicopter subsidiary has secured a potential $143.8M firm-fixed-price contract from the Defense Logistics Agency to engineer and provide logistics support for the U.S. military’s V-22 Osprey tiltrotor planes. The Bell Boeing Joint Program Office will deploy field personnel and support …

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Textron Completes Howe & Howe Purchase; Lisa Atherton Quoted

Textron (NYSE: TXT) closed its acquisition of Waterboro, Maine-based robotic ground vehicle maker Howe & Howe Technologies on Dec. 17, Defense News reported Thursday. Textron announced its intent to buy Howe & Howe in October 2018 in a push to expand its autonomous technology offerings across land, air and maritime domains. Lisa Atherton, president and …

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Boeing-Bell JV to Produce Osprey Variants for Navy, Marines Under $367M Contract Modification

A joint venture between Boeing (NYSE: BA) and Textron‘s (NYSE: TXT) Bell Helicopter subsidiary has secured a $366.6M contract modification to provide V-22 Osprey aircraft variants to the U.S. Navy and U.S. Marine Corps. Bell Boeing Joint Project Office will manufacture two MV-22B tiltrotors for the Marines and another three CMV-22B units …

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Bell Boeing Lands $1.1B Contract for Navy, Air Force Osprey Component Support

A joint venture between Boeing (NYSE:BA) and Textron‘s (NYSE: TXT) Bell subsidiary has received a potential three-year, $1.10B contract to provide logistics and repair services for components of the Osprey joint service multirole combat aircraft fleet. Bell Boeing Joint Project Office will support 225 parts in MV-22B, CMV-22 and CV-22 planes operated by the U.S. Navy and …

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Textron Gets $314M Modification on Navy Air Cushion Vehicle Material Procurement Contract

Textron (NYSE: TXT) will obtain additional materials needed to build landing craft air cushion vehicles under a five-year, $314.3M contract modification from the U.S. Navy. The company will use the funds to acquire long lead time components for LCAC class crafts 109 through 123 and to continue pre-fabrication work on crafts 109 …

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Textron to Buy Howe & Howe in Autonomous Vehicle Market Push; Lisa Atherton Quoted

Textron (NYSE: TXT) is acquiring Waterboro, Maine-based robotic ground vehicle manufacturer Howe & Howe Technologies for an undisclosed sum in a move to expand autonomous technology offerings across land, sea and air domains. The industrial conglomerate said Thursday Howe & Howe’s vehicles and applications will complement its portfolio of unmanned platforms, control systems …

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