Hello, Guest!
  • Friday, November 22, 2024

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 contract.

DoD added the contract contains a 54-month period of performance, with four one-year ordering periods and an additional six-month ordering period.

Work will take place at multiple locations worldwide through June 2022.

USSOCOM obligated $150,000 in fiscal 2017 operations and maintenance funds at the time of award.

Video of the Day

Related Articles

RTX Books $344M Standard Missile Production Contract Contract Awards

RTX Books $344M Standard Missile Production Contract

Raytheon, a subsidiary of RTX (NYSE: RTX), has received a $344 million contract to build and deliver two Standard Missile variants with a common guidance section to U.S. and international military customers. The company said Thursday it will produce the SM-2 Block IIICU and SM-6 Block IU missiles on a common production line for the

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted M&A Activity

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted

VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data fabric platforms and

Kristen McLeod Promoted to Calibre Systems EVP, CFO Executive Moves

Kristen McLeod Promoted to Calibre Systems EVP, CFO

Kristen McLeod, most recently senior vice president of finance and accounting and controller at Calibre Systems, has assumed the roles of executive VP and chief financial officer at the Alexandria, Virginia-based management consulting and digital transformation company. In this capacity, she will serve as a corporate officer and fiscal strategist and continue to offer insights