Hello, Guest!
  • Thursday, November 21, 2024

8 Firms Secure $10B Modification on DMEA Electronic Tech Engineering Contract

The Defense Microelectronics Activity has awarded eight companies a $10.27B contract modification for engineering and technology insertion services intended to help modernize the Department of Defense’s electronic assets.

The award increases the total potential value of the Advanced Technology Support Program IV contract originally issued in 2016 to $17.47B, the DoD said Thursday.

Work under ATSP4 includes technical support for the department's obsolete, unmaintainable or underperforming hardware and software. The ordering period runs through March 31, 2026.

DMEA received nine bids for the original indefinite-delivery/indefinite-quantity contract through a competitive acquisition process and will obligate funds upon issuance of each task order.

The awardees are:

  • BAE Systems
  • Boeing (NYSE: BA)
  • Cobham
  • General Dynamics (NYSE: GD)
  • Honeywell (NYSE: HON)
  • Lockheed Martin (NYSE: LMT)
  • Northrop Grumman (NYSE: NOC)
  • Raytheon Technologies (NYSE: RTX)

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports