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Tag Archives: TXT

Neil Albert Named ACT I President; Michael Niggel Comments

Neil Albert, formerly president and CEO of McLean, Virginia-based professional services contractor MCR, has joined Advanced Concepts and Technologies International as president. Albert will be responsible for the Arlington, Virginia-based government acquisition support services provider’s business development, growth strategy and financial performance in his new role, ACT I said Tuesday. ACT I …

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Report: Defense Companies Plan Capital Expenditures Amid Rise in DoD Contracts

Some contractors have expressed plans to increase their investments in production capacity and facilities in fiscal year 2018 and in the next few years as the Defense Department starts to ramp up contract obligations, USNI News reported Wednesday. Jason Aiken, chief financial officer at General Dynamics (NYSE: GD), told analysts …

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State Dept OKs $575M UH-1Y Helicopter Sale to Czech Republic

The State Department has cleared Czech Republic’s request to buy 12 UH-1Y utility helicopters and related equipment and services from the U.S. government under a potential $575 million foreign military sales agreement. Textron’s (NYSE: TXT) Bell Helicopter subsidiary and General Electric (NYSE: GE) will act as principal contractors in the proposed FMS transaction …

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USAF Adds Textron Subsidiary, General Atomics to $499M Aerospace Vehicle R&D IDIQ

A Textron Systems (NYSE: TXT) subsidiary and a General Atomics business unit have won spots on a potential eight-year, $499 million contract to help the U.S. Air Force research and develop aerospace vehicle platforms for warfighters. AAI Corp. and General Atomics Aeronautical Systems will perform work at their respective facilities in Maryland …

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Lisa Atherton Succeeds Ellen Lord as Textron Systems President, CEO

Lisa Atherton, formerly executive vice president of military business at Textron‘s (NYSE: TXT) Bell Helicopter subsidiary, has been appointed president and CEO of Textron Systems. She replaces Ellen Lord, who will be nominated by President Donald Trump as undersecretary of defense for acquisition, technology and logistics, Textron said Wednesday. “Lisa …

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Bell Helicopter to Repair UH-1Y, AH-1Z Aircraft Items Under $147M Navy Contract

Textron‘s (NYSE: TXT) Bell Helicopter subsidiary has landed a potential $146.6 million contract from the U.S. Navy to repair 35 items used on the UH-1Y utility helicopter and the AH-1Z attack helicopter. The Defense Department said Thursday the firm-fixed-price contract contains a two-year base period that will run through June 2019 and a one-year unpriced …

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Former Air Force Secretary Deborah Lee James Named Special Advisor at Bain & Company

Deborah Lee James, former secretary of the U.S. Air Force, has joined Bain & Company as a special advisor in the consulting firm’s Washington, D.C. office. Bain said Thursday James will advise aerospace, defense and government services customers and work with the firm’s local leaders to establish relationships with “high-potential” individuals and companies. “Deborah …

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USSOCOM Awards $475M UAS ISR Contract Spots to Boeing, Textron Subsidiaries

Subsidiaries of Boeing (NYSE: BA) and Textron (NYSE: TXT) have landed spots under a potential five-year, $475 million contract that covers mid-endurance unmanned aircraft system intelligence, surveillance and reconnaissance services to the U.S. Special Operations Command. The Defense Department said Wednesday that Boeing’s Insitu business and Textron’s AAI Corp. subsidiary will vie for task orders under the multiple-award, indefinite-delivery/indefinite-quantity …

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Beechcraft to Replace Argentina’s Military Training Aircraft Under $88M Air Force FMS Contract

Textron‘s (NYSE: TXT) Beechcraft subsidiary has landed a one-year, $88.2 million “undefinitized” contract with the U.S. Air Force to build trainer aircraft and provide maintenance support and pilot training services for Argentina’s air force as part of a foreign military sales deal. The Defense Department said Tuesday Beechcraft will deliver four T-6C+ …

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Leidos, Textron, AASKI Technologies Win Spots on $900M Army Tactical UAS Product Office Support IDIQ

Leidos (NYSE: LDOS), Textron‘s (NYSE: TXT) AAI subsidiary and AASKI Technologies have won positions on a potential five-year, $900 million contract for field support and technical services to the U.S. Army‘s product office for tactical unmanned aircraft systems. Five bids were submitted to the Army Contracting Command for the firm-fixed-price contract via the internet, the Defense …

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